GRAINS-Soybeans up on concerns over planted area; corn, wheat rise SINGAPORE, July 30- Chicago soybeans gained more ground on Thursday, rising 2.4 percent in three consecutive sessions on concerns over a smaller planted area and ahead of the crop's key phase of development. Corn edged higher after dropping 1.9 percent on Wednesday as forecasts of favorable weather boosted hopes of near record yields, while wheat rose,...
PRECIOUS-Gold hovers near 5-1/2-year low, Fed spurs Sept rate hike view MANILA, July 30- Gold hovered not far from a 5-1/ 2- year low early on Thursday after the Federal Reserve said the U.S. economy and job market continue to strengthen, supporting a possibile interest rate rise when the Fed meets again in September. *Spot gold was flat at $1,096.75 an ounce by 0036 GMT. It sank to as low as $1,077 last week, its weakest since February 2010,...
FOREX-Dollar firm on Fed expectations ahead of U.S. GDP report TOKYO, July 30- The dollar held steady in cautious trade on Thursday, ahead of U.S. gross domestic product data that could reinforce or dent expectations that the Federal Reserve is on track to raise interest rates as early as September. The GDP report "may boost the appeal of the greenback and spark a further decline in EUR/USD as signs of a stronger recovery fuels...
| By: Lisa Twaronite
Cheniere LNG could dent Russian gas dominance in SE Europe-sources *Cheniere looks at bringing floating LNG terminal to Croatia. BUDAPEST, July 28- Cheniere Energy Inc plans to deliver liquefied natural gas to central and southeastern Europe within a few years, a move that with U.S. supplies would loosen Russia's energy grip on the region, sources told Reuters. Speaking on condition of anonymity, they said Cheniere was looking at...
| By: Marton Dunai
As Fed approaches rate hike, job growth shifts away from oil patch TULSA, Oklahoma, July 28- The rebound in U.S. jobs, limited in the early part of the recovery to a handful of booming industries such as oil, has broadened across the country as old-line industrial areas such as Michigan and sun belt hubs like Florida pick up the slack. Riding the shale oil and gas boom, Texas, Louisiana, Oklahoma and three other states made an outsized...
| By: Howard Schneider
As oil slumps, BOJ's inflation goal relies on yogurt Desperate to convince consumers that inflation really is picking up, the Bank of Japan is taking advantage of a gradual rise in food prices, from yogurt and ketchup to "gyudon" beef rice bowls - once a symbol of Japanese deflation.
As oil slumps, BOJ relies on yogurt, ketchup to hit price goal TOKYO, July 28- Desperate to convince consumers that inflation really is picking up, the Bank of Japan is taking advantage of a gradual rise in food prices, from yogurt and ketchup to "gyudon" beef rice bowls- once a symbol of Japanese deflation. Now it's doing just that, "said Hideo Kumano, a former BOJ official and currently chief economist at Dai-ichi Life Research...
| By: Leika Kihara
25 years on, disabilities act has changed lives of millions NEW YORK- Five days before he was to start college, Fred Maahs' world turned upside down. Off the Delaware coast in 1980, on the last day of summer vacation, the 18- year-old took a dive from his family's boat into an unseen sandbar barely a foot below the surface, sustaining injuries that paralyzed him from the chest down. Some 2,000 people with disabilities- elated...
Source: The Associated Press
| By: By DAVID CRARY, AP National Writer
Despite China market rout, AIA stays bullish The meltdown in Chinese stocks last month will not dent the growth story in the world's second-biggest economy, the boss of AIA Group told CNBC on Friday.
| By: See Kit Tang