Grain futures ended the week lower

Source: Forexpros

US grain futures saw decline during the last Friday trade on firmer US Dollar while weather forecasts in South America limited losses. Soybeans, wheat and corn futures for delivery in March lost 1.48%, 4.35% and 0.55% over the week, respectively, on the Chicago Mercantile Exchange.

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Mon, 09 Jan 2012 15:52:33 GMT

South Korean fund to invest in China's securities

South Korean biggest pension fund, the NPS, has got an approval from officials to invest in China's securities. The NPS announced it is the first pension fund worldwide to win the QFII status. The company will be allowed to trade Yuan-denominated bonds and stocks. The approval was given by Lee Myung-bak, South Korean President.

Mon, 09 Jan 2012 16:24:41 GMT

China to continue prudent monetary policy

China will continue its tight monetary policies but is ready to fine-tune them in case of necessity, announced the PBOC, closing the work conference. The PBOC plans to adjust the supply of credits and maintain social financing at a reasonable growth. The country will focus on stimulating agricultural sector, optimizing credit structure, developing small and medium enterprises and supporting affordable home projects.

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