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| Commodities news | ||
Canada dollar rises broadly on strong commodities The Canadian dollar rose broadly on Wednesday, pushing near the top end of its recent range as commodity prices strengthened, drawing particular interest from overseas currencies. Commodities: Prices threaten stability Mining commodities prices continued to rocket in July, with the copper price surging 187 percent year-on-year last month, but prices rises are now threatening price stability globally, Absa said on Tuesday. New Leader Could Emerge in the Commodities Complex Many commodities have yet to participate in the first leg of this secular bull market. Which will entice investors next? Australias Stocks Climb as Commodities Rise; BHP Leads Gains Aug. 3 (Bloomberg) -- Australian stocks advanced for the first time in three days, led by BHP Billiton Ltd. and Newcrest Mining Ltd., after prices of copper, gold and oil rose. Canadian dollar rises on commodities, bonds slide The Canadian dollar drove higher versus major currencies on Wednesday, benefiting from higher prices for oil and gold, while investors looked ahead to end-of-week data. Canberra faces commodities downturn, warns OECD The Australian governments most pressing challenge will be to cope with a likely end to the commodities boom that has underpinned the countrys recent economic progress, the Organisation for Economic Co-operation and Development said. Commodities: Brewing storm in Caribbean could hurt oil supplies Crude oil prices rose on Tuesday after Tropical Storm Chris formed in the Atlantic, marking the start of the two-month period when hurricanes are most likely to wreak havoc in U.S. USDA Secy: New Farm Bill Needed To Treat Commodities Fairly WASHINGTON (Dow Jones)--The Bush administration is still calling on Congress to write a completely new farm bill by 2007 despite mounting skepticism from lawmakers and farm groups after international trade talks failed to bring promises of new foreign markets for U.S. exports. Morgan Stanley Unit to Buy Heidmar Group Morgan Stanleys commodities unit said Wednesday it has agreed to buy Heidmar Group for an undisclosed amount. Morgan Stanley Capital Group Inc., a major trader in the energy and metals markets, said the deal is expected to close in the fourth quarter. Canadian Stocks at Highest Since May; Alcan Gains on Earnings Aug. 2 (Bloomberg) -- Canadian stocks climbed to their highest in almost three months after Alcan Inc. profit exceeded analysts estimates, spurring optimism corporate earnings can continue to increase on demand for commodities. | ||