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COMMODITIES-Corn, wheat slump on record plantings; natgas spikes
Reuters* Corn, wheat prices set April lows as plantings surge * Oil, gold, copper slip on worries of Fed cutback * Gas rallies on demand for gas-driven air conditioning By Barani Krishnan NEW YORK, May 21 (Reuters) - Corn prices hit multi-week lows on Tuesday,...Tags: Ben Bernanke, Gold and Precious Material, Petroleum Industry, U.S. Congress, Federal Reserve
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PRESS DIGEST-Australian Business News - May 22
ReutersCompiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) Tatts Group is evaluating the opportunity to bid for a 20-year lottery licence for...Tags: Economy, Business and Finance, Companies and Corporations, Finance, Corporate Officers, Metal
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GLOBAL MARKETS-Shares end higher as eyes turn to Fed
Reuters* Investors looking for clarity on Fed stimulus program * Dollar index firmer but down from near three-year high * Yen dips after Japanese minister says seeks 'balance' for currency * Commodities fall, gold and oil weaker on the day By Ryan Vlastelica...Tags: Money and Monetary Policy, Economy, Business and Finance, U.S. Congress, Charles Evans, Goldman Sachs Group, Inc.
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REUTERS SUMMIT-Buenaventura sees output up; has hopes for Conga
ReutersLIMA, May 21 (Reuters) - Peru's top precious metals miner Buenaventura sees slightly higher output in 2013 and said the stalled $4.8 billion Conga project it owns a stake in could advance after a community reservoir is built at the end of the year....Tags: Peru, Mining, Newmont Mining Corporation
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PRECIOUS-Gold firms as Fed officials play down stimulus halt
ReutersSINGAPORE, May 22 (Reuters) - Gold edged higher on Wednesday, buoyed by a weaker dollar after Federal Reserve officials dampened expectations that the U.S. central bank may soon exit its bullion-friendly bond purchases. FUNDAMENTALS * Spot gold rose 0....Tags: Money and Monetary Policy, Ben Bernanke, Gold and Precious Material, Bonds, Financial Markets
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METALS-Copper holds ground, Fed officials hint bond-buying to continue
ReutersSINGAPORE, May 22 (Reuters) - London copper on Wednesday held below two week-highs hit the session before after Federal Reserve officials suggested the central bank would continue its bond-buying scheme. FUNDAMENTALS * Three-month copper on the London...Tags: Money and Monetary Policy, Metal, Ben Bernanke, Japan, Federal Reserve
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METALS-Copper edges down; eyes slowing China growth
ReutersSINGAPORE, May 21 (Reuters) - London copper edged lower on Tuesday as traders focused on slowing demand growth in top consumer China against a background of a flagging global economy and ahead of key factory figures this week. FUNDAMENTALS * Three-month...Tags: Metal, Economy, Business and Finance, China, Japan, Federal Reserve
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Australia shares down 0.6 pct as mining services slump, banks retreat
Reuters(Adds details, comments) SYDNEY, May 21 (Reuters) - Australian shares fell 0.6 percent on Tuesday, with banks taking a break from recent sharp gains while a series of profit warnings took a heavy toll on mining services firms. Investors were also...Tags: New Zealand, BHP Billiton Plc., Economy, Business and Finance, Ben Bernanke, Sydney (Australia)
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Indonesia's Freeport mine risks prolonged closure over disaster
Reuters* Death toll rises to 21, hopes fade for survivors * Unions demand thorough investigation * Mine has been closed for a week By Michael Taylor JAKARTA, May 21 (Reuters) - Freeport McMoRan Copper & Gold Inc's Indonesian mine could face a prolonged...Tags: Indonesia, Disasters and Accidents, Susilo Bambang Yudhoyono, Mining, Jakarta (Indonesia)
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GLOBAL MARKETS-Dollar firms before Bernanke, inflation dip hits sterling
Reuters* Dollar index firmer, but down from near 3-year high * Yen dips after minister says seeks 'balance' for currency * European shares fall on fears Fed may scale back stimulus By Marc Jones LONDON, May 21 (Reuters) - The dollar firmed, gold fell and shares...Tags: United Kingdom, Economy, Business and Finance, Ben Bernanke, Inflation and Deflation, Casino and Gambling Industry
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Southern Co replaces executives in wake of Kemper cost overrun
ReutersHOUSTON, May 20 (Reuters) - Southern Co's smallest utility unit, Mississippi Power, named a new president on Monday in response to pressure from state regulators concerned about cost overruns at a controversial coal-gasification plant under construction...Tags: Corporate Officers, Economy, Business and Finance, Companies and Corporations, Plant Openings, Mississippi Power Company
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Caterpillar, Milwaukee workers union to resume contract talks
ReutersCHICAGO, May 20 (Reuters) - Caterpillar Inc said late on Monday that it would resume contract talks with the union representing about 800 Milwaukee workers who make specialized mining machinery. The company said the two sides would reconvene on Thursday,...Tags: Unemployment, Wage Contract Issues, Job Layoffs, Layoffs and Downsizing, Heavy Engineering
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