Ukraine, Kazakhstan & South Africa Becoming Factors in Export Market
Ukraine exported just over 2 million metric tons of grain in December, of which about 1.6 million metric tons (63 million bushels) was corn, according to U.S. Grains Council sources. The leading corn importers were Egypt, 252,000 tons; Spain, 350,000 tons; and Iran, 160,000 tons. Egypt, Tunisia and Spain took most of Ukraine's wheat shipments.
Belarus, Kazakhstan, Mongolia Add To Gold Reserves - IMF
Belarus, Kazakhstan and Mongolia all added to their gold reserves in the final month of 2011, with purchases by the trio totaling more than 320,000 troy ounces of bullion, according to figures from the International Monetary Fund.
India not seeking Iran oil waiver from U.S.
India is not seeking a waiver from the United States that would protect buyers of Iranian oil from a fresh round of sanctions and New Delhi continues to import from Tehran, Indian Foreign Secretary Ranjan Mathai said on Tuesday.
U.S. futures higher on Chinese, E.Z. data; Dow Jones up 0.77%ech foundry
U.S. stock futures pointed to a sharply higher open on Tuesday, as market sentiment strengthened after better-than-expected Chinese growth data and upbeat economic reports in the euro zone.
Ukrainians and Russians vie for control of key Czech foundry
Ukrainian tycoon Konstantin Zhevago, an MP with imprisoned former PM Yulia Tymoshenko’s party, reportedly needs the ČKD foundry and engineering works in Kutná Hora to save his rolling stock business and is offering Kč 485 million for the bankrupt firm. However, the Russian rolling stock manufacturer Rail Group has put forward an offer of Kč 691 million and a promise to invest Kč 1.8 billion in it.
Asian oil buyers seek alternatives as Iran crisis grows
Iran’s biggest oil customers from across Asia are flocking to alternative Middle East suppliers this month under renewed US pressure to stop buying Iranian crude and unprecedented tension over Tehran’s nuclear programme.
Ukraine to start buying natural gas on spot market
Ukraine plans to start compensating for reductions in the import of increasingly expensive Russian natural gas by buying the commodity this summer on the spot market, Ukrainian Energy and Coal Industry Minister Yuriy Boiko told reporters in Kyiv
India seeks closer China ties to combat global slowdown
Downplaying recent irritants in bilateral ties, India Monday sought closer collaboration with China to combat the global economic slowdown and to work jointly on international issues ranging from terrorism to climate change to shape a new world order.
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