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Spread the love ASIA: NATO leaders warned on Monday that China presents “systemic challenges,” taking a forceful stance towards Beijing in a communique at Joe Biden’s first summit with an alliance that Donald Trump openly disparaged. The new U.S. president has urged his fellow NATO leaders to stand up to China’s authoritarianism and growing military might, a change of focus for an alliance created to defend Europe from the Soviet Union during the Cold War. China has accused the United States of trying to sow discord in its relations with Europe and called on European nations not to ti...

Spread the love ASIA: China’s factories slowed their output growth in April and retail sales significantly missed expectations as officials warned of new problems affecting the recovery in the world’s second-largest economy. Factory output grew 9.8% in April from a year ago, in line with forecasts but slower than the 14.1% surge in March, National Bureau of Statistics data showed on Monday. Retail sales, meanwhile, rose 17.7%, much weaker than a forecast 24.9% uptick and the 34.2% surge in March. In the factory sector, motor vehicle production growth fell sharply to 6.8% from 69.8%, due i...

4/14/2021 SINGAPORE, April 15 (Reuters) - Chicago corn futures gained more ground on Thursday to trade near the previous session's eight-year top, as concerns over cold weather damage to the crop across the U.S. grain belt underpinned prices. Wheat edged lower after Wednesday's rally which lifted the market to its highest in more than a month, while soybeans extended gains. FUNDAMENTALS * The most-active corn contract on the Chicago Board of Trade (CBOT) rose 0.4% to $5.96-1/4 a bushel, as of 0026 GMT, not far from the previous session's highest since June 2013 at $5.98 a bushel. * Soybeans a...

1/14/2021 SINGAPORE, Jan 15 (Reuters) - Chicago corn futures rose for a fourth consecutive session on Friday and the market was poised for its biggest weekly gain since July as the U.S. government's forecast of tightening world supplies supported prices. Soybeans are on track for a fifth week of gain while wheat is set to end the week on a positive note after last week's losses. FUNDAMENTALS * The most-active corn contract on the Chicago Board of Trade (CBOT) is up 7.9% this week, its biggest weekly gain since early July. The market was trading up 0.2% at $5.35-1/2 a bushel as of 0116 GMT.