crops battle with SA rain, euro debt fears

Agricultural commodities had good reason to drop on Thursday, with ideas that rain relief next week for  Argentine crops will prove more significant than had been thought.

Furthermore, outside markets were broadly a little negative, as eurozone debt concerns reasserted themselves. Greece warned it may default in March unless unions agree further salary cuts, while Spain has unveiled plans for an extra E50bn in bank provisions.

Shares eased in early deals in Europe, notably in Spain, where they fell 1.2%

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Eurozone crisis, MF Global chill trading at CME Group

CME Group and IntercontinentalExchange said on Wednesday that trading volume dropped last month, which analysts attributed to MF Global’s collapse and Europe’s debt crisis chilling trading in U.S. futures markets

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As food prices turn negative, PMEAC says times now favour rate cuts

“The environment appears to be in favour of the Reserve Bank of India reversing its monetary policy stance,” PMEAC C Rangarajan said while commenting on food inflation which has turned negative to (-) 3.36% for the week ended 24th December


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India Food Prices Fall, Giving RBI Some Policy Leeway

India's food prices fell in late December, the first on-year drop in several years, giving the central bank some breathing space to consider reversing its tight policy stance

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Rupee stability main concern for RBI: Gokarn

Following the slide of the rupee to 53.04 to a dollar after closing at 52.97 on Wednesday, the Reserve Bank of India’s, Deputy Governor Subir Gokarn said that the stability of the rupee is the main concern for the central bank

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£2.5 Billion Boost to UK Economy through Renewable Investment

The British Department of Energy and Climate Change (DECC) released new numbers late last week showing that companies have invested £2.5 billion ($3.9 billion) into renewable energy projects across the United
Kingdom so far this financial year, an investment which has the potential to create almost 12,000 jobs across the country

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MGEX Records Second Best Annual Volume in History

The Minneapolis Grain Exchange announced total Hard Red Spring Wheat futures and options trading volume reached 1,775,646 contracts, the second highest annual volume in the 130 year history of MGEX, and a three percent increase over 2010




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Central banks are part of the state

Hungary's government is staging a standoff with the European Union about the constitutional role of its central bank. And conservatives everywhere are relooking at the role of central banks as they morph from lenders of last resort to effectively underwriting - some say controlling - fiscal policy.

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