Sweet could get expensive. Raw sugar prices may rise to the highest in more than 30 years by March if dry weather hits the Brazilian sugar crop, broker Newedge USA told Bloomberg News.
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Australia raised interest rates in a bid to control inflation amid an export boom.
The country’s Reserve Bank raised rates to 4.75 % from 4.5%, surprising most analysts, The Associated Press reported.
Booming demand for Australian minerals from Asian countries including China and South Korea has stoked Australian inflation.
“The risk of inflation rising again over the medium term…
Continue reading Australia Raises Interest Rates to Control Inflation
Australia Raises Interest Rates to Control Inflation originally appeared on DailyFinance on Tue, 02 Nov 2010 06:36:00.
In Asia Wednesday Hong Kong’s Hang Seng tumbled 1.9% to 23,165 and China’s Shanghai Composite Index slid 1.5% to 2,997. In Japan the Nikkei 225 Index inched up 0.1% to 9,387.
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Shares of silver are up 40% this year, compared to just over 20% for gold. But a statement from the Commodity Futures Trading Commission on Tuesday could rattle prices and investors considering adding silver to their portfolios…
Analysts lately have loudly proclaimed the end of the dollar, leaving investors looking to stay ahead with a choice of betting on stocks, which have 17% fallen in the last decade, or staying “safe” in very low-yield money marke…