SINGAPORE — Chicago soybean futures slid on Friday but the market is poised for its biggest weekly jump in two months, as robust demand for U.S. cargoes underpinned prices. Read More
(Bloomberg) — The stock offering for Brazil’s state-owned power company Eletrobras on Thursday raised 33.7 billion reais ($6.9 billion), becoming the world’s second-largest equity deal so far this year, according to people familiar with the matter. Read More
TOKYO — Japan’s wholesale prices rose 9.1% in May from a year earlier, slowing from the previous month’s increase as the recent spike in fuel costs moderated, data showed on Friday. Read More
SINGAPORE — Oil prices held near 13-week highs on Thursday, underpinned by robust demand in the world’s top consumer United States while demand is expected to rebound in China as COVID-19 curbs across major cities are relaxed. Read More
(Bloomberg) — A fall in the prices of a few key global commodity indicators has raised hopes that the world economy may have reached peak inflation. But UK households best not get carried away, economists warn. Read More
WASHINGTON — The U.S. Commerce Department on Wednesday suspended the export privileges of three U.S.-based firms for 180 days for what it said was the illegal export of satellite, rocket and defense technology to China. Read More
SHANGHAI — The sprawling district of Minhang in central Shanghai has implemented new lockdown measures to detect and control COVID-19 transmission risks, the district government said on Thursday. Read More
(Bloomberg) — The yen is a whisker away from sliding to the lowest in about 24 years as investors ramp up short bets on Japan’s beleaguered currency. Read More
SINGAPORE — Oil prices edged up on Wednesday ahead of data on U.S. oil inventories, with crude futures supported by tight supplies and recovering fuel demand as China’s top cities relax COVID-19 curbs. Read More