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Dairy product prices fall for 9th time in last 10 auctions
By Margreet Dietz July 2 (BusinessDesk) - Dairy product prices fell to the lowest level since January 2013 in the latest GlobalDairyTrade auction, paced by a drop in butter and anhydrous milk fat. The GDT price index fell 4.9 percent to US$3,595 a tonne, the ninth slide in...
While you were sleeping: Wall Street rallies to record
By Margreet Dietz July 2 (BusinessDesk) - Wall Street climbed, pushing the Dow and the S&P 500 to record highs, as solid manufacturing data from the US and China bolstered optimism about the outlook for the world’s two largest economies. The Institute for Supply Management’...
Australian central bank disappoints market expecting strong currency statement
Governor Glenn Stevens changed his language about the Australian dollar in today's statement compared to last month's monetary policy review but not as much as some traders had been betting. "The exchange rate remains high by historical standards, particularly given the de...
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