Author name: Commodities Market Writer

India’s state-run refiners raised retail prices again of diesel and gasoline on Saturday to help processors cut losses on discounted sales and to control a spike in demand.

For years, Indonesia’s raw materials have been ferried from remote mines and plantations to global markets by armies of traders who handle negotiations, loans and even cranes and river barges.

New Zealand intends to spend about NZ$1.6 billion ($936 million) on drones, ship maintenance and naval upgrades to bolster the island nation’s maritime security at a time of increasing concern about supply routes.

Central African countries have no plans to devalue their common currency despite economic pressure caused by weak growth and low foreign-exchange reserves, according to Bank of Central African States Governor Yvon Sana Bangui.

Inflation is exposing a major divide in the US economy according to Citi Retailing and Hardlines Analyst Steven Zaccone, He joins Bloomberg Open Interest to explain why wealthy consumers keep spending while lower-income shoppers struggle with rising gas and living costs. From Walmart and BJ’s to Williams-Sonoma and AutoZone, we look at the retail winners and losers in today’s “K-shaped” economy. (Source: Bloomberg)

Inflation in the euro zone’s four biggest economies probably either jumped in May or held to an already robust pace, fueling the case for an interest-rate hike.