Cotton purchases ease as government raises quality requirements

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Source: Bloomberg
Reserve purchases of cotton in the world's largest consumer, China, have slowed down after the quality requirements were raised by the government, a report released by the textile research Sinotex.cn showed on Wednesday. Cotton for settlement in January was traded at 19,930 Yuan a metric ton as of 11:29 a.m. on Zhengzhou Commodity Exchange.

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Wed, 09 Oct 2013 06:43:55 GMT

Japan's machine tool orders drop in September as export demand falls

Machine tool orders in the Asian second-largest economy fell on an annual basis in September mainly due to a steep drop in export demand, the Japan Machine Tool Builders' Association reported on Wednesday. The report showed that the total figure of machine tool orders slipped 6.3% in September as the export market orders declined 23.4% in same the month.

Wed, 09 Oct 2013 07:39:03 GMT

Treasuries advance slightly as Yellen might replace Bernanke

U.S. Treasuries recorded a modest gain on Wednesday with the five-year notes snapping a drop from yesterday as the country's President Barack Obama said Janet Yelled is set to replace Ben Bernanke as Chairwoman of the Fed, suggesting that borrowing costs are likely to stay low. 5-year securities slipped 0.01% to 1.41% at 1:54 p.m. Tokyo time.

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