By Ann SaphirSan Francisco Federal Reserve President Mary Daly said on Thursday that U.S. monetary policy is "slightly restrictive" but that with "exceedingly strong" investment growth in AI-related technology and a stable labor market it's unclear what the Fed's next step should be."I think there'…
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Coffee futures rose to five-month highs on Thursday, buoyed by crop concerns in top producers Brazil and Vietnam, while white sugar surged to a 9-1/2-month peak.COFFEE* Robusta coffee ICEEUR:RC2! gained 1.1% to $3,811 a metric ton by 1310 GMT after climbing to a five-month peak of $3,920.* Dealers…
The World Health Organization on Thursday declared the hantavirus outbreak linked to a cruise ship over after the last identified contact of an exposed person completed quarantine and tested negative for the virus.The outbreak, which infected 13 people and killed three, involved the Andes virus, a…
U.S. job growth slowed more than expected in June and data for the prior month was revised lower, but the unemployment rate fell to 4.2%, pointing to continued labor market stability.Nonfarm payrolls increased by 57,000 jobs last month after a downwardly revised 129,000 rise in May, the Labor Depar…
Armed with nothing but a bandana and his bare hands, 42-year-old Clarence Chua rescues bees, scooping them from nests into wooden boxes to relocate them, sometimes to his own backyard.“What I like about them is if you respect them and you don't threaten their safety, they are totally OK with you be…
Dubai's largest bank Emirates NBD DFM:EMIRATESNBD said in a bourse filing on Thursday that there have not been "developments" requiring the lender to address a media report earlier this week about a potential acquisition in Turkey."Emirates NBD regularly explores growth opportunities, both organic…
SAUDI MANPOWER SOLUTIONS TADAWUL:1834:
By Sukanya Mitra and Ashitha ShivaprasadGold extended its gains, climbing more than 2% on Thursday, after weaker-than-expected U.S. non-farm payrolls data reduced expectations of Federal Reserve interest rate hikes this year.Spot gold TVC:GOLD was up 2.4% at $4,126.97 per ounce, as of 9:00 a.m. EDT…
WATANI IRON STEEL TADAWUL:9513:
By Ateeq ShariffMost Gulf stock markets ended lower on Thursday after Iran and the United States wrapped up a round of indirect talks with no sign of progress toward a lasting peace agreement.Iranian and U.S. negotiators spent two days in Doha addressing maritime traffic in the Strait of Hormuz and…
PURITY FOR INFORMATION TECHNOLOGY TADAWUL:9614:
By Alun John and Stella QiuStocks and government bond prices rose on Thursday and the dollar dropped after data showed U.S. job growth slowed more than expected in June and numbers for the prior month were revised lower.Nonfarm payrolls increased by 57,000 jobs last month, after a downwardly revise…
RUSSELL 2000 RALLY SET TO FADE AS VALUATIONS RISE, GROWTH NORMALIZES, GOLDMAN SAYSGoldman Sachs' strategists expect the small-cap Russell 2000 TVC:RUT index's sharp first-half rally to give way to more modest gains over the next 12 months, they said in a note, as valuations become less attractive a…
SHALFA FACILITIES MANAGEMENT TADAWUL:9613:
The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Thursday.WHEAT - Up 3/4 cent to 2 cents per bushelCORN - Up 1/4-cent to 3 cents per bushelSOYBEANS - Up 3 to 8 cents per bushel
By Jennifer Rigby and Emma FargeMalaria and other diseases may be as deadly as the Ebola outbreak in the Democratic Republic of Congo, health officials have warned, as the outbreak strains the healthcare system and spooks patients into staying away from clinics.Half-a-dozen medics and local and int…
By Fabian CamberoChile's state-run copper giant Codelco sees soaring costs, which are over one-and-a-half times above its global rivals, and heavy debt are the main challenges to the struggling company's competitiveness, according to an internal document seen by Reuters.The document said that, comp…
The South African rand strengthened on Thursday as the dollar tumbled after U.S. jobs growth came in weaker than expected, while oil prices declined as concerns over supply disruptions eased following progress in U.S.-Iran talks.
