Tuesday 15 July 2014

Fortescue in Talks to Order Four More Ore Ships to Reduce Costs

Currency Key Headlines

1) India’s rupee fell for a second day amid speculation importers were buying dollars to pay bills.

2)
U.S. stocks rose as Federal Reserve Chair Janet Yellen told lawmakers the central bank must press on with monetary stimulus as “significant slack” remains in labor markets and inflation is still below the Fed’s goal.

3) Global regulators published details of their plans to overhaul foreign-exchange benchmarks in response to allegations traders colluded to manipulate rates in the $5.3 trillion-a-day currency market.

Commodity Key Headlines


1) Eni’s ‘Italian Thatcher’ May Face Down Unions to Shut Refineries.

2) Corn Option Betting on 23% Gain Was Most-Traded Yesterday.

3) Fortescue in Talks to Order Four More Ore Ships to Reduce Costs.

4) California Drought Cuts Water for Farming to Record Lows.

5) Zinc Rises on Falling Stockpiles, China’s Economic Data.

6) Gold Trades below $1,300 as U.S. Dollar Strength Hurts Demand.

7) Oil Trade Dormant Since ’10 Revives as Brent Spreads Grow.

8) WTI Oil Falls Below $100 a Barrel as Supply Risks Abate.

Read detail analysis report here: - http://www.rrfinance.com/Reserch/ResearchHome.aspx

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