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Commodities News
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Greece prepares to lay off 15,000 public sector jobs
Monday 29 Apr 2013
The Greek Parliament has passed a bill to lay off 15,000 public workers through the end of 2014. Read More
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Moody's to keep eye on Italian government
Monday 29 Apr 2013
After Italy's new Prime Minister Enrico Letta was sworn in on Sunday, Moody's Investor Service noted that it would be keeping an eye on the Rome's reform plans to overhaul the economy. Read More
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Commodities: Growth data casts shadow over demand outlook
Monday 29 Apr 2013
Crude oil futures settled lower on Friday as a disappointing US first quarter growth report fuelled concern about the outlook for future oil demand. Read More
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US economy grows less than expected
Friday 26 Apr 2013
The US economy grew less than expected in the first quarter as a 5.4 per cent rise in imports offset a 2.9 per cent gain in exports, according to official figures out Friday. Read More
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Spain to present new reforms and economic forecasts
Friday 26 Apr 2013
Spain's Council of Ministers will meet Friday to hold their regular weekly meeting, although this one will be especially important as new reforms and economic forecasts are to be presented. Read More
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Bundesbank opposes ECB bond purchases
Friday 26 Apr 2013
The European Central Bank's (ECB's) Outright Monetary Transactions (OMT) programme, which is set up to purchase sovereign debt in the secondary markets from Eurozone member states that request financi... Read More
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Commodities: Crude gains on demand hopes
Friday 26 Apr 2013
Oil prices rose strongly on Thursday after better-than-expected US jobless claims figures painted an improved picture for the world's largest economy. Read More
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US newspaper round-up: FAA, Starbucks, Herbalife...
Thursday 25 Apr 2013
The head of the Federal Aviation Administration (FAA) has told lawmakers that automatic budget cuts had forced it to run “somewhat like a starving airline”, The New York Times says. “[The FAA] has red... Read More
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West Texas: Looks like a pull-back
Thursday 25 Apr 2013
The West Texas futures contract showed a clear triangle pattern before a breakout to the downside, according to technical analysts at Digital Look. Read More
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German economy warrants ECB rate hike, says Merkel
Thursday 25 Apr 2013
On the same day that Germany raised its economic growth forecast for the year, Chancellor Angela Merkel said that the European Central Bank (ECB) would have to hike interest rates if it were looking a... Read More
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ECB is not the solution to everything, says Asmussen
Thursday 25 Apr 2013
Despite the fact that Tuesday's Eurozone purchasing managers' index data convinced the consensus that the European Central Bank (ECB) is set to cut interest rates by 25 basis points at their meeting o... Read More
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Spain unemployment hits new record highs
Thursday 25 Apr 2013
The Spanish economy continues to be hard-hit by the Eurozone crisis with unemployment hitting record highs, according to data published on Thursday. Read More
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Commodities: Crude settles at two-week high
Thursday 25 Apr 2013
Crude oil futures raced to almost a two-week high on Wednesday after the latest government data showed a smaller than expected increase in stockpiles. Read More
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New Spanish reforms not to include additional tax increases, says Rajoy
Wednesday 24 Apr 2013
Spain's Prime Minister, Mariano Rajoy, assured that there would be no tax increases when the government announces its new reforms on Friday. Read More
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US newspaper round-up: Ford, Apple, Eli Lilly...
Wednesday 24 Apr 2013
Carmaker Ford Motor notched up record profits in North America in the first quarter, but group pre-tax earnings still fell six per cent to 2.1bn dollars, or 41 cents a share, due to the still-declinin... Read More
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Italy appoints Enrico Letta as new Prime Minister
Wednesday 24 Apr 2013
Enrico Letta has been appointed as the Italian Prime Minister (PM) two days after Giorgio Napolitano took oath for a second term as President. Read More
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Germany to up 2013 GDP forecast despite weakness
Wednesday 24 Apr 2013
Despite the signs of deterioration in recent German macro data, Berlin may be planning to increase its growth forecast for this year, although its estimate for gross domestic product (GDP) in 2014 wil... Read More
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Italy expected to name new PM
Wednesday 24 Apr 2013
Italy's recently reelected President Giorgio Napolitano is expected to put an end to the political deadlock today by naming the country's new Prime Minister on Wednesday. Read More
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German April Ifo data misses estimates
Wednesday 24 Apr 2013
As Germany continues to struggle in its efforts to lead the Eurozone out of its recessionary mire, the Ifo institute's survey published on Wednesday painted an even gloomier outlook for the economy. Read More
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ECB to cut rates soon, says RBS
Wednesday 24 Apr 2013
Royal Bank of Scotland (RBS) now sees an increased chance for the European Central Bank (ECB) to cut rates in the next two months due to recent comments by some of its members. Read More
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