When it comes to Australia, China is not even pretending that it is not on the path of retribution. After extraordinary obstruction to Australian imports amounting to effective bans on goods ranging from lobster to iron ore to wheat and threatening about $20 billion dollars of exports, Beijing issued a blunt diktat to Canberra on […]
Australia is likely to see a strong harvest this year, with indications pointing to a bumper crop in the eastern states, and an average crop in Western Australia, according to NAB’s ‘In Focus: Winter Crop Harvest’ report released today. The report forecasts national wheat production at 27.6 million tonnes (Mt), the biggest crop since 2016, […]
The EU Farm to Fork Strategy potentially sets up a long-term battle between the U.S. and Europe over farm practices, biotechnology, chemical use and sustainability measures that will spill over into trade, reports the Genetic Literacy Project. IAC Desk
Reeling under exorbitant cost of iron ore amid acute shortage, private sector iron and steel industries in Sundargarh district, mostly in MSME category, have reiterated demand for intervention of the State and Central governments to augment supply with corrective measures, reports The New Indian Express. IAC Desk
Reliance Industries, India’s most valuable company, has rarely taken a corporate misstep. But recent market speculation about 63-year-old chairman Mukesh Ambani’s health has apparently wrongfooted the firm’s share price, according to the Asia Times. IAC Desk
Well, the historical data clearly show that while both the stock market and the economy have done better with Democrats in the White House than with Republican presidents, the market always assumes that the opposite will be true. It is that assumption, combined with the surprise element of a Trump win, that would drive a massive jump […]
With only a few hours until the US elects a new President, countries have been preparing for a foreign policy change if Democrat nominee and former vice president Joe Biden, who is running ahead in the polls, gets elected, reports Eurasian Times. IAC Desk
Several large steel projects located in Southeast Asia, underpinned by Chinese investment, are nearing completion and will provide a huge boost to production capacity in the region, reports Metal Bulletin. IAC Desk
Crude oil processed by Indian refiners hit the highest in six months in September, in another sign that demand for fuel is recovering from the blow to economic activity and transportation from coronavirus restrictions, reports Reuters. IAC Desk
The annual pig iron production suspension ordered by the cities of Handan and Tangshan in northern China’s Hebei province to control air pollution from Oct. 1 to Dec. 31 is 76% lower this year than the restrictions imposed a year earlier, S&P Global Platts calculated Oct. 21 based on official announcements. IAC Desk
