IAEA to restart talks with Iran, no access to nuclear sites planned
A senior official from the U.N. nuclear watchdog will arrive to Iran for talks on Monday, but no visit to nuclear sites is planned, Iran's Foreign Min...
On Sunday, U.S. President Donald Trump urged China to greatly boost soybean imports from the U.S. to help reduce its trade deficit. However, experts say a sharp increase is unlikely due to ongoing trade tensions and China’s changing buying habits.
Trump's remarks came as a tariff truce between the two countries approaches its 12 August expiration date, with some hints of a possible extension.
China, the world's largest soybean importer, sources more than 60% of the global shipment, mainly from Brazil and the U.S. Last year, China imported about 105 million metric tons of soybeans, with roughly 25% from the U.S.
Quadrupling imports would require China to heavily favour U.S. soybeans over Brazil’s.
Experts doubt this will happen. Johnny Xiang of AgRadar Consulting called it 'highly unlikely' for China to quadruple U.S. soybean purchases.
China has steadily decreased reliance on U.S. soybeans, shifting towards South American suppliers.
Under the Phase One trade deal, China committed to buying more U.S. agricultural products, but fell short of these targets.
Recently, Chinese buyers have not purchased fourth-quarter U.S. soybeans, fuelling concerns as the U.S. export season nears. Instead, they have purchased soymeal from Argentina to secure cheaper supplies amid potential disruptions.
The U.S. soybean industry is seeking new buyers, but none match China's scale last year, China imported 22.13 million tons from the U.S. and 74.65 million tons from Brazil.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Nvidia’s (NVDA.O) H20 chips present security risks for China, according to a social media account linked to Chinese state media, which made the claim on Sunday after Beijing raised concerns about potential backdoor access in the chips.
De-dollarisation, the move away from the U.S. dollar in global trade and finance, is no longer a fringe idea. As geopolitical tensions rise and new financial tools emerge, could this shift really transform the global economy?
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
U.S. stock markets closed higher on Wednesday, with the Nasdaq leading gains after tech giants – particularly Apple – saw strong advances.
Global financial markets are trading mixed today amid U.S. President Donald Trump’s announcement of tariffs on drug and semiconductor imports, coupled with weak service sector data impacting investor risk appetite.
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