Japan offers to buy 84,667 tons of food wheat via tender
Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) is seeking to buy a total of 84,667 metric tons of food-quality…
South Korea’s FLC buys about 60,000 T soymeal, traders say
South Korean importer group the Feed Leaders Committee (FLC) purchased an estimated 60,000 metric tons of soymeal from optional origins…
US retail sales miss expectations in May
U.S. retail sales increased less than expected in May as lower prices for gasoline and motor vehicles weighed on receipts…
German home building permits nosedive in April as slump continues
Building permits for apartments in Germany fell 17% in April from a year earlier, government data showed on Tuesday, underscoring…
China’s rich ditch flashy luxury as global sales stall, says Bain
China’s richest people are avoiding flaunting their wealth in favour of more discreet fashion, according to a report published on…
Singapore’s May exports down 0.1% y/y, better than forecast
Singapore’s non-oil domestic exports edged down 0.1% in May from the same month a year earlier, data on Tuesday showed,…
Fitch Ratings raises India’s 2024/25 GDP forecast to 7.2%
India is expected to grow by 7.2% in the current fiscal year, stronger than earlier expected, with its central bank…
UBS introduces framework to size and seize the AI investment opportunity
The launch of ChatGPT marked a watershed moment for AI and its adoption, and the range of problems that AI…
The euro zone’s fragmented banking industry
Supporters for more consolidation in the euro zone’s banking sector have been watching Spanish lender BBVA (BME:)’s hostile bid for…
Should crude tanker owners start trimming spot exposure?
Crude tanker owners are enjoying a dream run in charter rates as stretched voyages due to the Russia-Ukraine War and…