By Renee HickmanSoybeans, corn and wheat futures dropped on Monday as traders adjusted positions before closely watched U.S. planting and stocks data while monitoring forecasts of a hot spell in the U.S. Midwest.The U.S. Department of Agriculture's acreage and quarterly grain stocks reports on Tues…
By Ann SaphirFederal Reserve Governor Lisa Cook was the first U.S. central banker to be targeted for firing by any president. She is no stranger to being first, or to being targeted.The daughter of a nursing professor mother and hospital chaplain father, Cook and her sisters were among the first Bl…
By Fergal SmithThe Canadian dollar edged lower against its U.S. counterpart on Monday as data showed speculators raising their bearish bets on the currency to the highest level this year.The loonie FX_IDC:USDCAD was trading 0.1% lower at 1.4210 per U.S. dollar, or 70.37 U.S. cents, after moving in…
By Ron BoussoBreaking down what matters today in global energy marketsBy Ron Bousso, ROI Energy ColumnistPerhaps we should be used to this by now. Just when it seems like events in the Middle East are taking a step or two forward, they take a step back. Nothing reflects this more than the United St…
Euronext wheat edged lower on Monday as traders weighed potential heatwave-related yield losses in France against prospects for a bumper harvest in the rival Black Sea export region.Maize futures, meanwhile, jumped to fresh contract highs as a warm, dry outlook for early July risked further straini…
Resident doctors in England have voted to accept the government's latest pay and job offer, their union said on Monday, bringing an end to a long-running industrial dispute that has disrupted the National Health Service.The British Medical Association said 53% of its eligible members had backed the…
By Sukanya MitraGold prices fell on Monday as fresh U.S.-Iran tensions lifted oil prices and sparked fears of inflation, bolstering expectations of higher interest rates.Spot gold slid 1.5% to $4,025.83 per ounce by 12:12 p.m. ET (1612 GMT), after falling more than 2% earlier in the session and hit…
Democratic Republic of Congo will withdraw unused cobalt export rights under first-half quotas and reassign them to a state-controlled entity, its strategic minerals regulator said, tightening control over shipments from the world's top producer.In a notice seen by Reuters on Monday, ARECOMS said a…
UK shares inched lower on Monday, led by declines in miners and financials, as renewed Middle East hostilities weighed on risk sentiment.The blue-chip FTSE 100 index CURRENCYCOM:UK100 closed 0.2% lower, while the midcap FTSE 250 FTSE:MCX was off 0.6%.
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By Michael S. DerbyFederal Reserve Governor Lisa Cook said the U.S. Supreme Court's decision on Monday to block President Donald Trump's attempted firing of her defended the central bank's independence.The 5-4 ruling by the nation's highest court "recognizes that Federal Reserve independence is ess…
