Euro on track for worst week in 19 months on ECB’s cautious stance

By Shinichi Saoshiro TOKYO, June 15 : The euro on Friday was headed for its worst weekly loss in 19 months after a cautious European Central Bank signalled it will keep interest rates at record lows well into next year. Following a closely-watched meeting on Thursday, the ECB said it will end its massive bond […]

Wheat falls on high supplies, soy sets 10-month low

By Nigel Hunt LONDON, June 14 : Chicago wheat futures fell on Thursday on long liquidation by funds against the backdrop of surplus supplies while soybean prices sank to a 10-month low as heightened concerns over relations between Washington and Beijing weighed on the market. The Chicago Board of Trade’s most-active wheat contract was down […]

Oil falls on lower China refining activity, fresh U.S. crude output record

By Henning Gloystein SINGAPORE, June 14 : Oil prices eased on Thursday, dragged down by rising output and a decline in China’s refining activity, although strong fuel consumption in the United States and a drop in its crude inventories provided the market with some support. Brent crude futures were at $76.55 per barrel at 0445 […]

Microsoft takes aim at Amazon with push for checkout free retail

By Jeffrey Dastin and Stephen Nellis SAN FRANCISCO, June 14 : Microsoft Corp is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon.com Inc’s automated grocery shop, six people familiar with the matter told Reuters. The Redmond, Wash.-based software giant is developing systems that track what […]

FOREX Fed driven dollar surge fades, focus moves to ECB meeting

By Tomo Uetake TOKYO, June 14 : The dollar slipped back from three-week highs against the yen on Thursday, quickly erasing gains made after the Federal Reserve took a slightly more hawkish policy tone in signalling two more rate hikes by year-end. The greenback’s bounce faded as traders booked profits before the European Central Bank’s […]