Commodities

Asia drops as banking sector concerns smoulder, yen stands tall

TOKYO (Reuters) -- Asian stocks dipped early on Wednesday amid growing concerns about the health of the global banking sector, particularly in Europe, while the safe-haven yen stood near a 15-month high versus the dollar. MSCI's broadest index of...

  • Precious metals

    Gold's surge continues amid gloomy global outlooks

    TOKYO -- Gold prices are climbing quickly, bolstered by a troubled economic outlook in the U.S. and the Bank of Japan's decision to adopt negative interest rates, in conjunction with financial market turbulence. Benchmark New York gold futures tr...

  • Fred Gale

    China's 'zombie commodities' haunt the market

    Stockpiles of farm crops built up in recent years are going to rot but authorities' hands are tied with market prices already so low.

  • Japan energy

    Oil distributors diversify suppliers amid glut, Mideast strife

    TOKYO -- Concerns about Mideast instability have Japanese oil distributors reducing their imports from the region and boosting their supply from the U.S., Mexico and Russia. "From now on, we will mainly import low-cost crude oil from the North Am...

  • Specialty steel

    Prices hit 9-year low on weak construction, mining

    TOKYO -- Specialty steel prices have fallen to their lowest in nine years due to sluggish demand for construction and mining equipment as building slows in China and resource prices slide. Prices for structural steel, the specialty steel most pro...

  • Commodities Eye

    Dry-bulk shipping under water as bankruptcies rise

    BANGKOK -- The global commodities bust has rocked the dry-bulk shipping industry, with a wave of bankruptcies washing across the sector and major players forced to restructure, divest or scrap assets. On Jan. 5, the Shanghai International Shippin...

  • Andreas Kolbe

    Collapsing crude prices are hurting emerging-market debt

    Cheaper oil is pressuring sovereign and corporate debt markets in emerging economies though there is still time to adjust, writes Andreas Kolbe.

  • Oil industry

    Crude hits 12-year lows amid growing glut

    SINGAPORE -- Imminent new supply from Iran and worries over a slowing China and its possible contagion effect sucked crude into a vortex right off the bat as trading began in 2016. Benchmark Brent futures brushed past 12-year lows below the $30/barre...

  • Oil prices extend gains on dollar-slide, talk of oil producer meeting

    SINGAPORE (Reuters) -- Crude oil futures extended gains from the previous session on Thursday, as a weaker dollar and unconfirmed talk of producers potentially meeting to discuss output cuts lifted the market despite record U.S. stocks. Despite t...

  • Gold sticks near 3-month high as risk aversion in play

    MANILA (Reuters) -- Gold stabilised near a three-month top early on Wednesday, its safe-haven appeal kept intact by concerns over a wobbly global economy that has put share markets under pressure. Buying from China, the world's top gold consumer,...

  • Asian synthetic-fiber market

    Polyester prices plunge in face of supply glut

    TOKYO -- Prices of polyester filament have tumbled 30% in Asia since last spring amid Chinese oversupply and the oil rout, casting a shadow over the synthetic-fibers market. Asian spot prices for polyester filament, which accounts for 60% of all ...

  • Oil prices

    Dubai crude hits 3-week high on output cut views

    TOKYO -- Crude oil prices rebounded Monday as speculators anticipating reduced production got back into the game. April deliveries of Dubai crude advanced to a three-week high of $30.90 in the afternoon, rising 20 cents from the end of last week ...

  • Australian economy

    Cheap crude weighing on resource, energy sectors

    SYDNEY -- Cheap crude prices are hitting earnings and stock prices of Australian resource and energy companies. BHP Billiton said Jan. 15 it would write down US$7.2 billion in pre-tax value of its U.S. shale gas business in the July-December peri...

  • Oil climbs on hopes for output cut, dollar slips

    NEW YORK (Reuters) -- Crude oil prices rose on Thursday to their highest in three weeks on hopes for a pact among oil producers to cut output, while the dollar slipped on bets that interest rate hikes by the Federal Reserve would be more gradual than...

  • Steel industry

    China glut leaves Posco with first net loss, sinks others

    SEOUL -- Steelmakers worldwide continue to struggle with low prices amid a flood of cheap Chinese products, with South Korean leader Posco falling into the red for the first time in 2015. Posco suffered a net loss of 96 billion won ($79.4 million...

  • Rare gems industry

    Diamond prices at 5-year low on declining Chinese demand

    TOKYO -- Prices for diamonds are at their lowest level in five years as demand declined sharply in China, India and other emerging nations. China is the world's second-largest consumer of the precious stones after the U.S. Profitability at jewele...

  • Commodities markets

    Will El Nino's sister hold sway in 2016?

    SINGAPORE -- The El Nino weather phenomenon wreaked havoc worldwide last year. Its counterpart, La Nina, could cause more trouble in 2016. The term El Nino, Spanish for "the boy," was coined by Peruvian fishermen to refer to a warm ocean current t...

  • US crude

    With oil on wild ride, producers betting on further price drop

    TOKYO -- Crude oil prices are growing volatile, prompting bearish investors and oil-producing companies to brace for steeper declines. Benchmark West Texas Intermediate crude oil futures have often swung $2 to $3 a barrel in a single session this...

  • Recovery risks

    Plunging indexes mark ominous start for 2016

    Markets around the world are in a tailspin. The perfect storm of a U.S. interest rate hike, a Chinese slowdown and plummeting crude oil prices means the outlook for the world economy is dismal. If investor fears continue to grow, the global economy w...

  • Recovery risks

    China's slide, Iran's return may prolong oil collapse

    LONDON -- The oil markets have never been awash in so much crude. Global benchmark prices are hovering at 12-year lows of around $30 per barrel, and stockpiles -- already at record highs -- look set to keep swelling. There is talk of prices tanking t...