The London Metal Exchange has abandoned proposals to close its open outcry trading floor, the last such venue in Europe, it said on Tuesday, but added it believes electronic trading is the future.
The U.S will target China with a new “strike force” to combat unfair trade practices, as the administration rolled out findings of a review of U.S. access to critical products, from semiconductors to EV batteries.
Australian and North American units of the world’s largest meat works were hit over the weekend by an organized cyber attack on its information systems, Brazil’s JBS SA said in a statement.
A Brazilian agribusiness consultancy announced a new forecast reduction for the country’s second corn crop because of a severe drought, adding that yields are expected to touch a five-year low this season.
A $9 billion dollar oil pipeline that became a symbol of the rising political clout of climate change advocates and a flash point in U.S.-Canada relations was officially canceled on Wednesday.
JPMorgan Chase & Co Chief Executive Jamie Dimon said on Monday the bank is holding around $500 billion in cash, putting it in a position to benefit from higher interest rates.
Talks between Argentine policymakers and meat industry officials are on track to reach a deal on re-opening exports, officials said, days ahead of the expiration of the government’s month-long suspension of shipments.
U.S. import prices increased more than expected in May as the cost of petroleum products rose and supply chain bottlenecks boosted prices of other goods, adding to signs that inflation was heating up.
Futures on the federal funds rate on Wednesday raised bets that the U.S. Federal Reserve will tighten monetary policy in early 2023 after Fed projections showed at least two rate increases that year.
China will issue new rules on the management of price indexes for commodities and services, it said on Thursday as the government steps up scrutiny of the country’s commodity markets and battles to contain inflation.
