Tag: Oil

China’s massive livestock sector is set to snap up millions of tonnes of wheat from the country’s winter harvest that began this month, extending a run of crop-switching in animal feed and further cooling demand for corn imports.

Goldman Sachs said it no longer saw China as the center of commodities pricing, reasoning the pace of demand recovery in developed markets suggested Beijing as a buyer has been crowded out by Western consumers.

The United States is outraged that peaceful Iraqi demonstrators demanding reform were met with threats and “brutal violence,” State Department spokesman Ned Price said in a statement on Thursday.One person died and several were injured on Tuesday when Iraqi security forces fired live rounds in the air to disperse anti-government protests in central Baghdad, according…

U.S. stocks advanced slightly on Thursday, as data showing improvement in the labor market helped bolster expectations in the economic recovery. Fred Katayama reports.

Caster Semenya, denied an opportunity to win a third successive Olympic 800 metres gold, will on Friday attempt to qualify for the Tokyo Games over 5000m.

Japanese government bond held steady on Thursday, after an auction of 600 billion yen ($5.5 billion) of 40-year paper was met with ample demand.

COLUMN-China, India buying adds support to bullish gold narrative: Russell  Reuters

An appreciation in China’s yuan might not be a good way to deal with rises in commodity prices, the state-owned Economic Information Daily said in a front-page commentary on Wednesday.

* U.S. 2-year note auction attracts strong demand * U.S. yield curve flattens as inflation worries ease * U.S. reverse repo volume surges to 3rd highest since launch (Adds bullets, details, updates prices) By Gertrude Chavez-Dreyfuss and Karen Pierog NEW YORK…

Israel’s Paz Oil (PZOL.TA) swung to a first-quarter profit, saying on Tuesday there was higher demand for fuel as the country emerged from a coronavirus lockdown.Paz, Israel’s largest distributor of refined oil products, said it earned an adjusted 30 million shekels ($9.3 million)in the quarter, versus a loss of 97 million a year prior. Revenue…