Monday, August 10, 2009

Quick Overview

  • Japan's machinery orders rose 9.7% in June

  • Norway’s July CPI fell -0.6% MoM

  • GM and eBay will launch a pilot program Tuesday that will allow consumers to place online bids for new vehicles from GM dealers in California

  • (Bloomberg) -- White sugar rose to a record in London as India, the world’s biggest consumer and second-largest producer, cut its forecast for monsoon rain, potentially worsening a global supply shortfall.

  • Sugar supplies may not be enough to meet demand, and stocks at the end of the current crop year are seen at around 20 million tonnes, well below other analysts' estimates of 30-70 million tonnes, Czarnikow said.

  • Egypt lifts import duty on raw and refined sugar from Aug. 15 until end of year to reduce consumer prices.

  • Indonesia has set a ceiling price for white sugar sold by local cane millers at 6,500 rupiah (66 U.S. cents) a kg to prevent soaring local prices, the trade minister said on Friday.

  • (SSY News) Latest information from China’s iron ore ports indicate that a total of 47 Capesize vessels are waiting to berth compared with a peak of 88 in mid-June.

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