Commodities and Energy Page Editor: Christopher Johnson, London newsdesk +44 207 542 6056 Provided by: Reuters News Updated: 19 September 2008 21:33:24 (GMT+07:00)
Oil rises $5 on U.S. crisis plan LONDON, Sept 19 (Reuters) - Oil rose more than $5 to above $100 on Friday on expectations a comprehensive U.S. government plan would help battered financial markets. Story ID: nSP62251 Gold slides as U.S. asset plan cheers investors LONDON, Sept 19 (Reuters) - Gold slipped nearly 3 percent in Europe on Friday after the U.S. government announced it is considering a plan to deal with risky bank assets, which boosted the dollar and equities and restored risk appetite. Story ID: nLJ371818 Copper gains capped by strong dlr, rise in stocks LONDON, Sept 19 (Reuters) - Copper jumped more than 6 percent on Friday as the dollar fell and a U.S. plan for risky assets revived optimism about demand, but analysts expected a large rise in stocks to temper gains. Story ID: nLJ411889 Japan farm minister resigns over tainted rice TOKYO, Sept 19 (Reuters) - Japan's farm minister resigned on Friday because of a scandal involving tainted rice fed to hospital patients and schoolchildren, the latest in a string of food scares undermining public trust among Japanese consumers. Story ID: nT94219 U.S. grains up on rescue plan, dollar caps gains SINGAPORE, Sept 19 (Reuters) - Chicago corn, wheat and soybean futures crept up on Friday as the U.S. government's rescue plan for the financial sector improved sentiment, but a strong dollar limited gains. U.S. stocks had their best day in six years on Thursday on news of the government's plan to resolve a credit crisis that has rocked financial markets all week. Story ID: nSP365619 Japan steelmakers say not mulling output cuts TOKYO, Sept 19 (Reuters) - Japanese steelmakers are not considering cutting output as demand from shipbuilders and construction machinery makers is solid, the head of an industry body said on Friday, but he added that recent financial turmoil was a concern. Story ID: nT76177 Russia plans more oil sector tax cuts-Kremlin aide MOSCOW, Sept 19 (Reuters) - Russia will propose more tax cuts for the oil industry this year and implement them in 2010, Kremlin economic aide Arkady Dvorkovich said on Friday, without giving many details of the plan. Story ID: nLJ341067 Coffee, sugar, cocoa rise buoyed by equities, oil LONDON, Sept 19 (Reuters) - Coffee, raw sugar and cocoa futures were higher on Friday, buoyed by strength in outside markets including equities and crude oil, dealers said. Story ID: nLJ489319 China probe finds widespread milk tainting BEIJING, Sept 19 (Reuters) - Nearly 10 percent of milk samples from three top Chinese dairy companies was tainted with melamine, the government quality watchdog found after testing for the banned chemical that has killed four children. Story ID: nPEK68379 Kazakhstan to tie up with Shell for Kashagan oil ALMATY, Sept 19 (Reuters) - Kazakhstan said on Friday state oil company KazMunaiGas would create a joint venture with Royal Dutch Shell Plc to handle the production segment of the Kashagan oilfield. Story ID: nLJ436961 China launches trade dispute with United States GENEVA, Sept 19 (Reuters) - China has launched a dispute against the United States at the World Trade Organisation (WTO) over U.S. measures against imports of certain steel pipes, tyres and woven sacks, China's WTO mission said on Friday. Story ID: nLJ400890 Copyright © 2008 Reuters News
