Importers of soybean in China are expected to withdraw some of their deliveries of the product as soymeal costs decline. China is the leading importer of soybean around the world, thus any sign that the Asian country is slashing imports can pressure the global costs. The futures of soybean for May shipment declined 1.5 percent [...]
China’s stocks rose, overshadowing recent losses, as the nation’s international trade November report revealed an increasing growth Friday. The Shanghai Composite Index, which tracks the bigger of China’s stock exchange, slightly climbed 0.1 percent or 3.9 points to 2814.88 at the 11:30 a.m. break as 436 stocks increase, 406 dropped and 78 remained. Analysts said [...]
China Foreign Exchange Trade System (CFETS) noted that China allowed yuan to trade against Russian ruble today in interbank market. CFETS, a subsidiary of the People’s Bank of China, published on its website that this move will help facilitate bilateral trade between China and Russia and help develop yuan’s use in the global trade and [...]
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