MercBelize

24/12/2012

24/12/2012

Palm Oil Advances to Four-Week High on China Demand Speculation http://goo.gl/0fmmN

Palm oil climbed to the highest level in almost four weeks on speculation that demand will gain in China, the world’s biggest cooking oil buyer, and reduce record inventories in Malaysia, the top producer after Indonesia.

24/12/2012

Gold Declines After Worst Week in Six Months on Budget Deadlock http://goo.gl/l6kGO

Gold extended losses from its worst week in six months as U.S. budget talks stalled, boosting concern lawmakers will fail to agree on a deal to avoid tax increases and spending cuts.

20/12/2012

House Panel to Try Again With Full Agriculture Bill in 2013 http://goo.gl/1KnqR

Farm-state lawmakers in the House have conceded they probably won’t be able to attach a long-term extension of U.S. farm policy to any deal to avert tax increases and budget cuts set to take effect in the new year, and will now go back to the drawing board.

20/12/2012

Soybeans Extend Drop as China Cancellations Stoke Demand Concern http://goo.gl/Yze8t

Soybeans dropped for a fourth day to the lowest price in more than three weeks on concern that demand for U.S. supplies may weaken after China canceled some orders, and as growing conditions improved in Brazil.

19/12/2012

American Oil Most Since First Well in 1859 Signals Independence http://goo.gl/qVCCc

The U.S. expanded its oil production this year by the most since the first commercial well was drilled in 1859, upending a belief that Americans were increasingly hooked on foreign crude.

19/12/2012

Yen Falls to August 2011 Low Versus Euro on Stimulus Bets http://goo.gl/X1zy3

The yen fell to its lowest level against the euro since August last year on prospects the Bank of Japan will expand stimulus at a two-day policy meeting that ends tomorrow, its first since the nation’s general election.

17/12/2012

Gold Drops for Third Day as Dollar Strength Counters ETP Record http://goo.gl/K5AXi

Gold declined for a third day as the dollar’s strength damped demand for alternative investments, countering record investor holdings in exchange-traded products. Silver climbed from a one-month low.

17/12/2012

Yen Falls to Weakest Since April 2011 on Abe Victory http://goo.gl/gga3i

The yen fell to its weakest level since April 2011 versus the dollar after Shinzo Abe’s Liberal Democratic Party swept to power in Japanese elections yesterday, giving him a mandate to act on pledges of expanded fiscal and monetary stimulus.

13/12/2012

Asian Stocks Rise, Led by Japan’s Exporters, as Yen Falls http://goo.gl/lX4a4

Asian stocks rose, with the regional benchmark index extending its longest rally in more than three years, as Japanese exporters advanced after the yen touched an almost nine-month low versus the dollar.