markets

US corn firm on yield losses, soy falls for 3rd day

SINGAPORE/AMSTERDAM - Chicago corn rose nearly 2 percent on Thursday, recouping some of the previous session’s losses after the U.S. government cut its yield estimate more sharply than expected, but forecasts for rain in parts of the grain belt capped gains.

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Copper treads water; global growth worries weigh

LONDON - Copper was largely flat on Wednesday, subdued by worries about a global slowdown following a weak start to the U.S. corporate earnings season and amid protracted sovereign debt problems in Europe, while traders awaited key economic data from top metals consumer China later this week.

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Spain unveils $79 bln in new austerity plan

MADRID — Spain’s government imposed further austerity on the country Wednesday as it unveiled sales tax hikes and spending cuts aimed at shaving (euro) 65 billion ($79.85 billion) off the state budget over the next two and a half years.

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