U.S. grain group recommends safeguards after MF Global collapse
April 05 2012 7:00 PM EDT
The largest U.S. grain trade group on Thursday said Congress and commodities regulators should adopt its recommendations to protect customer funds and restore market confidence after the collapse of giant broker MF Global.
Food inflation back on agenda as prices rise
April 05 2012 5:24 AM EDT
Global food prices rose in March for a third successive month, driven by gains in grains and vegetable oils, the United Nations' Food and Agriculture Organisation said on Thursday, putting food inflation firmly back on the economic agenda.
First Marines in Australia as U.S. ramps up Asia-Pacific focus
April 03 2012 10:56 PM EDT
About 200 U.S. Marines began a six month deployment in Australia on Wednesday, in the first wave of a build up of 2,500 troops due eventually to rotate through a de facto base in Darwin, as the U.S. deepens its military presence in the Asia-Pacific.
Mali junta defies deadline for handing over power
April 03 2012 6:00 PM EDT
Mali's junta ignored a demand by neighbours for an immediate exit from power on Tuesday, instead simply repeating its offer to hold open-ended talks on a future transition to civilian rule.
Barry Callebaut cautious, as investments hit H1 profit
April 02 2012 2:08 AM EDT
, the world's largest maker of chocolate products, warned that markets in Western Europe and North America remained fragile as it reported a slight dip in first-half profits.
Mali army abandons northern town after rebel attack
March 31 2012 9:24 PM EDT
Mali's army abandoned its military bases around the key northern garrison town of Gao on Saturday after a fierce assault by heavily armed rebels, military and civilian sources said.
Mali rebels, army fight over key northern town
March 31 2012 3:24 PM EDT
Malian rebels and government troops fought for control of the northern garrison town of Gao on Saturday as the insurgents sought to capitalise on widespread chaos after last week's military coup.
Mali coup leader seeks help as rebels seize towns
March 30 2012 7:48 PM EDT
Mali's junta leader appealed for outside help to secure the West African country on Friday as separatist Tuareg rebels took the strategic northern town of Kidal and advanced towards new targets further south.
Thousands rally for Mali junta, Toure says free
March 28 2012 4:24 PM EDT
Thousands of demonstrators chanted pro-junta slogans in Mali's capital on Wednesday, protesting against the threats of foreign powers to use sanctions to force the leaders of last week's military coup to step down.
Revolving credit - the beating heart of China's metal trade
March 28 2012 2:56 AM EDT
In a dilapidated high rise in a residential district of Shanghai sits the beating heart of China's physical metal trade.
IRS waives fines for farmers missing MF Global tax info
March 26 2012 3:56 PM EDT
Tax officials will not penalize farmers who could not properly file their taxes because they had accounts at bankrupt broker MF Global.
Canada minister signals little concern on Viterra deal
March 26 2012 2:48 PM EDT
OTTAWA, March 26 - Canada's farm minister highlighted on Monday the global marketing reach of Swiss-based Glencore in the latest sign from Ottawa that it has little appetite for blocking the company's proposed takeover of grain handler Viterra.
Hong Kong selects Leung as next leader amid protests
March 25 2012 12:56 AM EDT
A Hong Kong election committee chose Leung Chun-ying, widely seen as Beijing's preferred choice, as its next leader on Sunday following a campaign marred by scandals that created a tide of public discontent and brought street protests.
Shares struggle as China data fuels growth worry
March 22 2012 2:24 AM EDT
Asian shares gave back most of their earlier gains on Thursday after data showed China's factory activity shrank for a fifth successive month, renewing concerns about a growth slowdown in the world's second largest economy.
Exclusive: Brazil sees WTO's duties as insufficient: sources
March 21 2012 8:32 PM EDT
Brazil plans to signal its growing concern about intense foreign competition hurting its industries by suggesting at the World Trade Organization that the ceiling for its import tariffs is too low, government sources told Reuters on Wednesday.
General Mills profit dips as commodity costs rise
March 21 2012 8:32 AM EDT
General Mills Inc
posted a quarterly profit in line with Wall Street expectations and stood by its lowered full-year forecast as it faces higher costs for raw materials.
Shares weighed by China slowdown worries
March 21 2012 1:32 AM EDT
Asian shares eased on Wednesday, as concerns about China's slowing economy dampened the optimism generated by a brightening outlook for the U.S. economy that has been pushing equity markets higher since late last year.
Glencore to resume Philippine copper operations by mid-year
March 20 2012 6:48 AM EDT
will resume operations at the only copper refinery in the Philippines by June or July, six months after a fire halted its operations, a company official told Reuters on Tuesday.
Deutsche Bank to open London gold vault - FT
March 19 2012 10:32 PM EDT
Deutsche Bank plans to open a new precious metals vault in London next year, seeking to cash in on booming investor demand for physical gold and silver, the Financial Times reported on Tuesday.
Sterling holds firm at 10-week trade-weighted peak
March 19 2012 5:24 AM EDT
Sterling traded at a 10-week peak against a basket of currencies on Monday, with investors reluctant to take new positions ahead of this week's annual budget, U.K. inflation data and central bank minutes.