Rains improve U.S. wheat prospects; soybean market sag on Hong Kong tussle; gold looking at losses

A forecast for rain promised much-needed relief to dry soils in the U.S. plains, improving wheat crop prospects this season. After Beijing announced new national security legislation for Hong Kong after last year’s pro-democracy unrest, soybean markets sagged on concerns about export demand. U.S. President Donald Trump warned that Washington would react “very strongly” against […]

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Trade war seen escalating as U.S. senate moves to delist 800 Chinese firms from American bourses

In a major move, the US Senate has overwhelmingly approved legislation that could lead over 800 Chinese companies such as Alibaba Group Holding Ltd. and Baidu Inc. to be barred from listing on American stock exchanges amid increasingly tense relations between the world’s two largest economies. The bill called the Holding Foreign Companies Accountable Act, […]

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Recovery in global steel production on the horizon

A recovery in worldwide steel production depends, primarily, on an upturn in market demand. The authorities in many countries are starting to gradually ease their lockdown restrictions. The potential exists for steel-intensive industries to rebound faster, at least initially, compared with a number of tertiary sectors, such as hospitality and retail. Automation in modern manufacturing […]

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