Monday, October 10, 2005

Quick Overview

  • New offers from the United States and the European Union to cut aid to their farmers could herald a breakthrough in deadlocked global trade talks, just two months before a deadline for a treaty, ministers said Monday

  • It's still tough to read how badly Katrina and Rita hurt the economy, but data show Americans reacted in their usual way -- by going shopping

  • The DoE said the number of closed refineries is down to eight, resulting in a daily loss of 900,000 barrels of gasoline.

  • Brazil's coffee trees are in need of rain this month for the flowering, but the near-term outlook is calling for dry weather. Hurricane Stan may have also damaged some coffee crops in Mexico and Central America last week.

  • Dow-Jones Newswires said the International Sugar Organization is predicting 2005-2006 world production of 149.6 million tons and consumption of 150.6 million tons.

  • YoY Singapore's GDP was up 6.0% in the third quarter.

  • Gold futures in New York settled at a near-18-year high on Monday as fund buying on the back of economic worries and strong investment demand extended the metal's recent rally, traders and analysts said.

  • French industrial production increased by 0.8 percent from July, when the output had dropped a revised 0.7 percent.

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