Dec 14 2018
The President said Tuesday that China is "back in the market" to buy American soybeans - but farmers said that was the first they had heard of any change since July, when China retaliated against new American tariffs by blocking imports of USA agricultural products.
The purchase of over 1.5 million tonnes of beans is the most concrete evidence yet that China is making good on pledges the U.S. government said Xi made when the two leaders met on December 1 and agreed to a 90-day detente to negotiate a trade deal.
Global markets had whipsawed since then, with little sign that China was making the substantial purchases of U.S. farm, energy and industrial products that Trump said would start immediately after the meeting.
The reports of the soy sales from the United States came after Trump said in an Oval Office interview with Reuters this week that he'd heard China is "buying tremendous amounts of soybeans" from American suppliers, followed by news that China had agreed to make a "sizeable" purchases of soybeans from the US.
This is the first significant purchase since the two countries began imposing tit-for-tat tariffs, with China slapping a 25 percent retaliatory levy on the American oilseed after Trump imposed duties on billions of dollars worth of goods from the Asian country. -China trade is going to go. The resumption of USA soybean purchases will provide some relief to American farmers who have seen exports to the world's biggest consumer plummet and domestic inventories pile up. The German company BMW AG also exports its sports utility vehicles to China from the U.S., and it saw its shares go up by 1.8%. Prices rose to $9.28 on Wednesday, the highest since June 15. The sellers included global agricultural merchants Cargill Inc, Louis Dreyfus Company and USA farmer-owned agriculture company CHS Inc.
"The risk right now is to the downside still, even though we had this reversal", said Gordon Charlop, managing director at Rosenblatt Securities in NY.
Bookmakers predict Theresa May will survive no confidence vote
Two members who were under party suspension for alleged misconduct prior to Wednesday were permitted to vote in the ballot. The victor of the vote becomes Conservative leader and prime minister , without the need for a national election.
Liverpool manager Klopp happy to accept FA fine
The Clarets did beat Alisson Becker moments before the interval - but Barnes' excellent whipped finish was dispatched from an offside position. "Love that", another wrote.
Trump's ex-lawyer Michael Cohen does not deserve prison, judge told
He also met with the NY attorney general's office, which is investigating the Donald Trump Foundation. In another, a woman wrote that her husband, who is Syrian, had been friends with Cohen since 1984.
The companies did not immediately respond to requests for comment.
Foreign Minister Wang Yi said Tuesday that Beijing will "spare no effort" to protect against "any bullying that infringes the legitimate rights and interests of Chinese citizens". Most of the supplies will be shipped from terminals in the Pacific northwest.
"I just heard today that they're buying tremendous amounts of soybeans".
Investors were also looking ahead to the U.S consumer price report later on Wednesday where an expected slowdown in headline inflation would only reinforce speculation of fewer rate hikes from the Federal Reserve.
"The news has driven the USA soybean price to its highest level since mid-June..." This year, it dethroned Apple as the world's second largest smartphone maker.
Trump reportedly said "If I think it's good for what will be certainly the largest trade deal ever made - which is a very important thing - what's good for national security - I would certainly intervene if I thought it was necessary".
Dec 13 2018
Celtics: Kyrie Irving plays it safe with knee
Stevens indicated that this stint on the sideline might be longer to allow Horford to get completely over the tendinitis. How did they get to this point? While Davis started for the Pelicans , guard E'Twaun Moore was ruled out beforehand.
Dec 09 2018
Comey testifies at House hearing he calls 'desperate' attack on investigators
On Twitter , President Trump decried what he called "total bias and corruption at the highest levels of previous Administration". Comey had previously expressed displeasure over this idea , fearing "selective leaking" by Republicans.
Dec 09 2018
Mueller accuses Manafort of lying, but not about Russian Federation collusion
He was motivated to do so by personal greed, and repeatedly used his power and influence for deceptive ends. I discuss the 38-page sentencing memo filed by the Southern District prosecutors in the adjacent post.
Dec 07 2018
Worldwide inquiry necessary in Khashoggi's murder, United Nations says
He said it seemed as though the White House's response to the Khashoggi killing was that "you can kill a journalist". Turkey has been seeking to extradite 18 suspects , including 15 members of the alleged assassination squad.
Dec 07 2018
O2 investigating network data problems
O2 has said a "full service" will be restored by Friday morning following a data outage , which affected millions of users. The company, the second-largest mobile network in the United Kingdom , said it was investigating the technical fault.
Dec 05 2018
Iran threatens to increase its missile range - despite US pushback
The Trump White House officially withdrew from the pact, known as the Joint Comprehensive Plan of Action, in May. The speech drew polite applause from the audience in Brussels but also sharp criticism from some quarters.
Dec 04 2018
New Galaxy S10 renders show display hole and triple camera array
While most manufacturers have killed the 3.5mm headphone jack, Samsung is still keeping the audio port next to its USB-C port. An illustration depicted in the patent filing shows a Galaxy device with a fingerprint sensor on the back of the display.
Dec 03 2018
NYPD Finds 'Wanted' Man: Clumsy Proposer Who Lost Engagement Ring
While his partner watches, the man drops to his stomach on the sidewalk but the ring is 3000 per cent out of his reach. With the help of dozens of passers-by they managed to get the grate off and search underneath for at least two hours.
Dec 02 2018
Microsoft briefly dethrones Apple as the most valuable United States company (AAPL, MSFT)
The last time Microsoft was bigger than Apple by this metric was in mid-2010, according to data compiled by Bloomberg . Microsoft's dominance in the PC software market gave it a market value that was larger than Apple's for years.
Dec 02 2018
G-20 enters final day with work to do on bridging divisions
Lagarde said that tariffs already in place or announced would reduce global economic growth by 0.75 percentage points by 2020. The annual summit of leaders of the top 20 economies of the world is being attended by Prime Minister Narendra Modi.
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