GRAINS-Wheat drops on supply glut; hard red winter wheat at 8-yr low CHICAGO, Sept 2- U.S. wheat futures sank on Wednesday, weighed down by signs of abundant supplies and dim prospects for U.S. exports, traders said. The front-month K.C. hard red winter wheat contract shed 2.8 percent and hit its lowest in more than eight years, while the most actively traded Chicago Board of Trade December soft red winter wheat contract flirted with...
| By: Mark Weinraub
Egypt gas find sparks panic in Israel about Israeli reserves JERUSALEM- Egypt's new natural gas bonanza is causing an uproar in Israel, with energy stocks plummeting and recriminations over indecisiveness and infighting that have delayed production from the country's own gas fields. The government is currently struggling to get parliament to approve its natural gas business plan, but observers fear Israel may need...
Source: The Associated Press
| By: By DANIEL ESTRIN, Associated Press
Taiwan stocks fall 2 pct; China weighs TAIPEI, Sept 1- Taiwan stocks extended losses to 2 percent in midday trading on Tuesday as a slump in China markets cast shadows on the island's biggest export destination. China's Shanghai Composite Index was down more than 4 percent. The Taiwan dollar firmed T $0.365 to T $32.445 per U.S. dollar.
EXCLUSIVE-US weighs sanctioning Russia as well as China in cyber attacks WASHINGTON, Aug 31- The United States is considering sanctions against both Russian and Chinese individuals and companies for cyber attacks against U.S. commercial targets, several U.S. officials said on Monday. A move against Chinese entities or individuals before Xi's trip, the officials said, is possible but unlikely because of the strain it could put on the...
| By: Arshad Mohammed, Matt Spetalnick and Mark Hosenball
Only the Fed can crash Wall Street Through its direct and indirect control of U.S. interest rates, the Fed exercises a decisive influence on dollar-denominated asset valuation models.
| By: Michael Ivanovitch
GLOBAL MARKETS-Stocks fall on Fed concerns; U.S. oil jumps 8.8 pct *S&P 500 posts biggest monthly percentage drop since May 2012. The S&P 500 registered its biggest monthly percentage drop since May 2012 after being pummeled in the past two weeks on concerns about slowing growth in China. "If they move in September, it's going to cast a lot of doubt about where they will stop," said Stephen Massocca, chief investment officer at...
| By: Caroline Valetkevitch
US STOCKS-Wall Street's worst month in 3 years ends on a sour note Aug 31- Wall Street ended lower on Monday and wrapped up its worst month since 2012 after a senior Federal Reserve official heightened fears among investors of a potential U.S. interest hike in September. Fed Vice Chairman Stanley Fischer on Saturday said U.S. inflation would likely rebound as pressure from the dollar fades, allowing the Fed to raise interest...
| By: Noel Randewich