G20 urges U.S. to avoid "fiscal cliff"

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Source: RTT News
© Scanpix/Reuters
The Group of Twenty global finance chiefs and central bank governors urged the U.S. to avoid the "fiscal cliff" that could undermine economic growth in the world's largest economy. The officials also discussed the risks arising from a delay in solving the Euro debt crisis. The G20 thinks that the global growth is still modest and risks are elevated, according to a draft communique. 
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Mon, 05 Nov 2012 11:45:18 GMT

Treasuries rally amid forecasts on service industry growth in the U.S.

Treasuries advanced from their last week's low as service sector in the U.S. and non-manufacturing industries in China are forecast to expand in October. The yields on 10-year bonds rallied and stood at 33 basis points on the presidential elections tomorrow. Meanwhile, the yields on 10-year notes in the U.S. were 1.71%, and the price for 1.625% note held at 99 7/32. The yield is expected

Mon, 05 Nov 2012 11:01:16 GMT

Sugar advanced despite ample global supplies

Farm commodities were mixed on Friday, with softs climbing and grains retreating. Broadly stronger US Dollar created pressure on rural commodities. At the same time, mounting uncertainty over crop conditions in Brazil lifted coffee and sugar futures.Wheat moved lower despite strong support from worries over global supply disruption. Ukraine's agriculture minister announced on October 24 that the country would ban

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