China to buy $50 billion in US farm products in return for tariff concessions

Washington has set its terms for a trade deal with China, offering to suspend some tariffs on Chinese goods and cut others in exchange for Beijing buying more American farm goods, Reuters reported quoting US sources. Beijing’s silence, however, fuelled questions over whether the two sides can come to a truce in their bitter trade […]

Read more

Global pepper output to tank for first time after several years: Nedspice Report


Netherlands-based Nedspice estimates global pepper production to decline this season by 74,000 tonnes for the first time after several years, mainly driven by unfavourable weather in Vietnam, reports Financial Express. However, the mismatch between global supply and demand of the spice will continue to put pressure on the price with supply seen higher by almost […]

Read more

Is China slowly trying to capture the offshore oil market?


China is expanding its offshore oil and gas scene, undeterred by compliance, transparency, corruption or environmental issues that plague so many oil-rich countries.  Chinese development banks are willing to lend billions to oil-producing countries in Latin America and Africa, and its state-run oil companies are willing to invest in projects others fear to touch. This […]

Read more

ADB trims growth forecasts as Asia’s biggest economies slow; India lowered to 5.1%


The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in the People’s Republic of China (PRC) and India is weighed down by both external and domestic factors. In a supplement to its Asian Development Outlook 2019 Update released in September, ADB now expects gross domestic product […]

Read more

Gold-backed ETFs post $1.3 billion outflow in November 2019: WGC

Gold-backed ETFs saw $1.3 billion of net outflows across all regions in November, according to the latest monthly data from the World Gold Council (WGC), driven by a stronger dollar, a Brexit extension, and stronger equity markets from September and October highs. However, global gold-backed assets under management still grew 35 per cent this year as a […]

Read more

India’s crude steel output dips 3.4% to 9.08 million tonnes in October 2019

India’s crude steel output fell 3.4 per cent to 9.089 million tonnes during October this year, according to World Steel Association (worldsteel). The country had produced 9.408 million tonnes crude steel during the same month a year-ago, the global industry body said in its latest report. Global steel output stood at 151.494 million tonnes in […]

Read more