Dec 15 (Reuters) - U.S. stock index futures edged higher on Monday, steadying after a tech-led selloff gripped Wall Street late last week and as investors geared up for a week packed with key economic data that could determine the outlook for interest rates.
Traders also got more clarity on candidates for the Federal Reserve Chair post next year as U.S. President Donald Trump, according to a report, said he narrowed his search to former Fed Governor... (continue reading...)
By Chiranjit Ojha
Dec 15 (Reuters) - Khaiminthang Lhungdim just wanted to visit his family during a rare break from playing duties last month, but an airport off-limits to his community meant the Punjab FC defender was unable to make the journey home to Manipur.
More than two years after a deadly conflict broke out in the north-eastern Indian state bordering Myanmar, the ethnic discord continues to divide communities and the game that... (continue reading...)
By Polina Devitt
LONDON, Dec 15 (Reuters) - Copper prices rose on Monday as some traders rolled forward positions ahead of a contract expiry this week, helping the market to set aside weak data and worries about the property sector in top consumer China for now.
Benchmark three-month copper on the London Metal Exchange rose 1.4% to $11,670 per metric ton by 1058 GMT.
Copper hit a record high of $11,952 on Friday on worries... (continue reading...)
KARACHI, Dec 15 (Reuters) - Pakistan's central bank cut its key interest rate by 50 basis points to 10.5% on Monday, the bank said on its website, breaking a hold on the rate for four meetings in a move that surprised analysts and came despite IMF warnings to avoid premature easing.
All 12 analysts in a Reuters poll had expected the State Bank of Pakistan (SBP) to hold the policy rate at 11%.
Monday's reduction takes the total easing... (continue reading...)
By Ed White
WAWANESA, Manitoba, Dec 15 (Reuters) - When farmer Simon Ellis first drove his combine into this year's crop, he expected "catastrophic failure," after a season of flooding followed by a long drought. But instead of shriveled kernels, plump seeds of wheat, oats and soybeans poured into his combine.
Ellis, 38, a fourth-generation farmer in Wawanesa, Manitoba, credits investments in pricey systems including minimum and zero-till... (continue reading...)
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