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NEW YORK, Sept 26- Just days after Hurricane Harvey smacked Texas and hobbled a quarter of U.S. refining industry, the supply networks that fuel the nation's cars, trucks and airplanes began to fail. Consumers paid the price as gasoline spiked ahead of Harvey's arrival and jumped again after the storm as the extent of the disruption to Texas refiners became...
NEW YORK, Sept 26- Just days after Hurricane Harvey smacked Texas and hobbled a quarter of U.S. refining industry, the supply networks that fuel the nation's cars, trucks and airplanes began to fail. Consumers paid the price as gasoline spiked ahead of Harvey's arrival and jumped again after the storm as the extent of the disruption to Texas refiners became...
SINGAPORE, Sept 26- Chicago soybean futures ticked higher on Tuesday as the market took a breather following last session's biggest one-day decline in six weeks, although expectations of a rapid U.S. harvest limited gains. The Chicago Board Of Trade's most-active soybean contract edged up 0.3 percent to $9.73-3/ 4 a bushel by 0210 GMT after Monday's 1.3 percent...
SYDNEY, Sept 26- U.S. soybeans edged higher on Tuesday after the U.S. Department of Agriculture said harvesting was lagging behind market expectations, although gains were checked as weather forecasts called for near ideal conditions. *The most active soybean futures on the Chicago Board Of Trade were up 0.3 percent to $9.73-3/ 4 a bushel by 0048 GMT after closing...
WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on "Labor Market Disparities" before the Federal Reserve Board Conference, "Disparities in the Labor Market: What are we Missing?" FRANKFURT- ECB Chief Economist Peter Praet chairing Jean Monnet Lecture, "Good Pension Design" at Second ECB Annual Research Conference organised by the ECB in...
WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on "Labor Market Disparities" before the Federal Reserve Board Conference, "Disparities in the Labor Market: What are we Missing?" FRANKFURT- ECB Chief Economist Peter Praet chairing Jean Monnet Lecture, "Good Pension Design" at Second ECB Annual Research Conference organized by the ECB in...
NEW YORK, Sept 25- Trading volume in CBOE Volatility Index options more than tripled on Monday from its average daily amount and was on pace for one of its busiest days ever, boosted by a record-sized trade hedging against a stock market sell-off. A trader bought about 261,000 Oct. 12 puts and sold the same number of Oct. 15 calls and twice as many of the Oct. 25 calls.
*USDA's small grains, quarterly stocks reports due Friday. Chicago Board of Trade November soybeans settled down 13 cents at $9.71-1/ 4 per bushel. "In a lot of areas, yields are better than what the trade thought, for both corn and beans," said Don Roose, president of Iowa- based U.S. Commodities.
NEW YORK/ LONDON, Sept 25- Gold prices rose on Monday, reversing earlier losses as geopolitical risks drove safe-haven buying. Bullion rose 1 percent on rising tensions between North Korea and the United States, and on German Chancellor Angela Merkel's less-than-resounding victory in Sunday's national election. Escalating U.S.- North Korea tensions will "...
CHICAGO, Sept 25- Unseasonably hot U.S. weather is accelerating corn and soy crop maturity after months of concerns that lagging development could drag down yields or put some late-planted acres at risk of damage from frost, agronomists and analysts said. Cash bids at several elevators and processors around the Midwest weakened in anticipation of an influx of...
The Fed should wait for clear signs that American paychecks and prices are rising before raising interest rates again, a U.S. central banker said.
Sept 25- U.S. stocks fell sharply in late morning trading on Monday after North Korea accused the United States of declaring war and a selloff in technology stocks accelerated. North Korea's foreign minister said President Donald Trump had declared war on North Korea and that Pyongyang reserves the right to take countermeasures. "Technology stocks have been...
Sept 25- A selloff in technology stocks, led by Facebook and Apple, drove down major Wall Street indexes on Monday. The central bank is on track to gradually raise interest rates as factors depressing inflation are fading and the U.S. economy's fundamentals are sound, New York Federal Reserve President William Dudley said. Investors are also awaiting a speech by...
CHICAGO— Grain futures were lower Monday in early trading on the Chicago Board of Trade. Wheat for Dec. delivery was down. 40 cent at $4.490 a bushel; Dec corn lost 1 cent 3.5240 a bushel; December oats lost. 20 cent at $2.476 a bushel while Nov. soybeans declined 8.20 cents to $9.760 a bushel. October live cattle lost 1.98 cents at $1.0960 a pound; September feeder cattle...
The central bank is on track to gradually raise interest rates as factors depressing inflation are fading and the U.S. economy's fundamentals are sound, New York Federal Reserve President William Dudley said. Investors are also awaiting a speech by Fed Chief Janet Yellen later in the week for more guidance on the monetary policy. "Investors would like to get...
SINGAPORE, Sept 25- U.S. wheat slid 1 percent on Monday, falling for a second consecutive session as ample supplies continued to weigh on prices. The most-active wheat contract on the Chicago Board Of Trade lost 0.7 percent to $4.46-1/ 25 a bushel by 1151 GMT, after hitting a session's low of $4.44 a bushel, its lowest since Sept. 20. Soybeans lost 0.5 percent to $9.79-1/ 4...
CHICAGO, Sept 25- Target Corp said on Monday it would increase its minimum hourly wage this year by a dollar to $11, vowing to raise this by the end of 2020 to $15 an hour-- the so-called "living wage" labor advocates across the United States are campaigning for. The Minneapolis- based retailer, which plans to start hiking minimum pay across its stores to $11 an hour in...
Federal Reserve chief Janet Yellen later in the week helping cool any lift from a handful of positive stock recommendations. *Gains for the far-right in German elections that make government-forming more complicated for Chancellor Angela Merkel weighed on European markets. *Investors will look for more guidance on monetary policy from a list of speakers on...
LONDON— The new CEO of Uber apologized for past mistakes on Monday in a public attempt to show London authorities that the company, known for aggressive tactics, is willing to change to retain its right to operate in the city. Mayor Sadiq Khan welcomed Khosrowshahi's apology and said he was pleased to see the company acknowledge the issues it faced in London.
LONDON, Sept 25- The Bank of England just gave hedge funds a bloody nose. On Sept. 14 the Bank of England said it was likely to raise rates in the coming months if the economy and price pressures kept growing. It was the clearest signal to date that Britain's first rate hike in a decade is approaching.
