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Consumers angry over hike in milk prices

New Delhi, Mar 20 (ANI): Customers here are angry over the announcement made by Mother Dairy, the biggest supplier of milk, that fresh milk would cost Rs two more per litre from Saturday.
Mother Dairy has reportedly raised prices by Rs 1 and Rs 2 per litre.
Major milk retailers in the country like Amul and Mother [...]

Abattoir workers target live exports

The union representing meat workers blames live exports for an animal shortage at a northern Tasmanian abattoir.
The Australasian Meat Industry Employees Union says the Swift abattoir at Longford has had 35 days of shutdowns since last July because it can not get enough sheep and cattle.
The union has joined forces with animal rights groups to [...]

Rio Tinto says India will match China’s demand for key commodities soon

Melbourne, Mar 16(ANI): Global miner Rio Tinto has predicted that while China’s demand for iron ore, copper, coal and aluminium will grow during the next 15 years, India will soon take the lead for further demand.
In its annual report, Rio Tinto said the short-term outlook for mining and metals is also improving, but would likely [...]

People forced to pay more as hoarders and profiteers make merry in Pakistan

Islamabad, Aug.26 (ANI): With the onset of the fasting month of Ramazan prices of some daily commodities have sky rocketed in Pakistan despite the government’s claim to initiate several plans to counter the massive black marketing by hoarders and [...]

BSE crosses 15,000 points ahead of budget presentation

New Delhi, July 6 (ANI): Bombay Stock Exchange (BSE) crossed 15,000 points on Monday as investors built positions ahead of presentation of general budget.

Following the trends of the BSE the National Stock Exchange (NSE) also gained 14 points on the opening day.

Infrastructure stocks [...]

Union Govt decides to extends sugar stock limit

New Delhi June 19(ANI): The Union government has decided to extend ban on hoarding of sugar by six months till January, 2010, to check prices, and approved hike in minimum support price of jute to Rs 1,375 per quintal for 2009-10.

The decision was taken during the meeting of Cabinet Committee on Economical Affairs [...]

NASA uses satellite to improve global crop forecasting

Washington, May 27 (ANI): NASA researchers are using satellite data to cultivate the most accurate estimates of soil moisture, which would improve global crop forecasting.

Soil moisture is essential for seeds to germinate and for crops to grow. But, record droughts and scorching temperatures in certain parts of the globe in recent years have caused soil [...]

Wall St falls as retail data renews economic c

Wall St falls as retail data renews economic c

NEW YORK – U.S. stocks tumbled on Wednesday as a gloomy retail sales report revived recent anxiety about the economy’s struggle and caused a broad sell-off that accelerated late in the session.
Sales at retailers fell for a second straight month in April, breaking a string of more upbeat reports that had suggested the economic [...]

Plan to film documentary as man, woman sell virginity online outrages family groups

Sydney, May 11 (ANI): A Melbourne-based filmmaker has given rise to a fresh controversy by inviting men and women to be part of a planned feature-length documentary about how youngsters these days sell their virginity online.

Justin Sisely says that he is merely exploring the idea of virginity as a commodity.

“One of the main points [...]

Bamboo cultivation popularised in a big way in India’s northeast

Jorhat, May 3 (ANI): The Indian Government is encouraging bamboo cultivation in a big way in the country’s northeast region with the aim of improving the lives of local communities.

Several steps have been taken to enhance bamboo conservation and productivity in the region.

The Rain Forest Research Institute [...]

Bullion Update and Market Outlook: Nirmal Bang

Precious metals extended the loss on Friday on Comex as dollar strengthened sharply against Euro after the comment from ECB president gave a hint they might cut interest rate by quarter basis points led to correction in precious metals.
The world’s largest gold-backed exchange-traded fund, the SPDR Gold Trust, said holdings fell to 1,105.98 tonnes as [...]

Thai Hot Stocks-Index at 14-week high, steel makers firm

BANGKOK, April 20 (Reuters) – Thailand’s benchmark stock
index .SETI was up 2.76 percent at 469.41, its highest since
Jan. 7, at midsession on Monday, buoyed by buying of energy
.SETEN and petrochemical shares .SETPT despite recent
political violence.
“With the political situation temporarily defused and
commodity prices stabilising, we recommend investors to
overweight commodity plays,” Kim Eng Securities said [...]

EUR/USD Daily Commentary for 4.16.09

The EUR/USD is finally finding that stabilization we were anticipating with the EUR/GBP leaping on oversold conditions. Despite all of the uncertainty swirling in the FX community concerning the ECB’s future monetary policy, the EU’s CPI data met analyst predictions while Industrial Production declined slightly less than expected.
Therefore, investors finally have some positive news to [...]

Gold Daily Commentary for 4.16.09

Not much has changed in gold as it trades sideways between our 1st and 2nd tier downtrend lines. The precious metal has given us no reason to alter our negative stance and gold certainly has its hands full with the psychological $900/oz and our 2nd tier downtrend line.
We anticipate gold to gravitate towards its natural [...]

Crude Daily Commentary for 4.16.09

Crude futures continue to drag along our 1st tier uptrend line as investors debate trends and whether to leave $50/bbl in the past.
It seems investors could reach a decision soon with our 1st and 2nd tier uptrend and downtrend lines reaching their respective inflection points. We notice the same pattern of inflection in the EUR/USD, [...]

Treasury Bond Daily Commentary for 4.16.09

The 30 Year T-Bond futures are topping out again despite a lack of significant movement from U. S. equities. The 30 Year is obeying its downtrend, and its decline could be a cause for concern if there isn’t a counterbalancing rally in the S and P futures.
We still haven’t seen that follow through to the [...]

Luna Gold amends Sandstorm letter of intent

VANCOUVER, April 16 /PRNewswire-FirstCall/ – Luna Gold Corp. (TSXV-LGC)
(“Luna” or the “Company”) announces that it has entered into an amended and
restated letter of intent with Sandstorm Resources Ltd. (“Sandstorm”)
concerning the proposed gold stream transaction relating to the Company’s
Aurizona Project, as announced on March 12, 2009.
The material terms of the original letter of intent have been [...]

RUBBER-Tokyo futures flat, capped as technicals wane

TOKYO, April 17 (Reuters) – Tokyo rubber futures were barely changed on Friday as currency and oil prices traded in tight ranges, while the upside was limited due to waning technical support.
* The key Tokyo Commodity Exchange rubber contract for September delivery was down 0.1 yen at 175.7 yen per kg. The key contract [...]

‘Puneri Pagadi’ secures intellectual property rights

Pune, Apr 17 (ANI): A local organisation in Pune has succeeded in securing intellectual property rights for the ‘Puneri Pagadi’ or traditional Marathi turban.

Pune based organisation ‘Shree Puneri Pagadi Sangha’ had submitted an application before the Geographical Indication Registry [...]

Gold Daily Commentary for 4.15.09

Gold is finding strength in our 1st tier downtrend line despite U. S. equities trading higher pre-market. The precious metal has given us no reason to alter our negative stance and gold certainly has its hands full with the psychological $900/oz and our 2nd tier downtrend line.
We anticipate gold to gravitate towards its natural negative [...]