Global Crop Supply Fears Send Soybeans to Highest in Six Years

Soybeans traded at the highest level in more than six years as increasing demand from top importer China and dry weather in the major producing areas of South America spur growing concerns over global supplies. Prices have climbed more than 40% since March after China started snapping up cargoes to feed a massive increase in […]

China Industrial Production, Retail Sales Increase In October

China industrial production and retail sales logged robust growth in October as the economy shrugged off the negative impact of Covid-19, data revealed Monday. Industrial production grew at a steady pace of 6.9 percent annually in October, the National Bureau of Statistics said. This was faster than the expected increase of 6.5 percent. Retail sales […]

U.S. Needs Patience With China, Top Regulatory Official Says

The U.S. is pushing too fast for change from China and should instead take a more patient approach, a senior Chinese regulatory official said, adding that he’s hoping for better relations under president-elect Joe Biden. “I sense U.S. negotiators demand to get something from China quickly and hope China will change quickly,” Fang Xinghai, vice […]

Singapore Watching Hong Kong Turmoil With ‘Concern,’ PM Lee Says

Singapore is concerned about the situation in Hong Kong and hopes the financial hub could “settle down to a new normal,” Prime Minister Lee Hsien Loong said. “We watch carefully and with some concern what’s happening in Hong Kong,” Lee said in an interview with Bloomberg News Editor-in-Chief John Micklethwait at the New Economy Forum. […]

Bill Clinton Says Xi’s Reign Upends U.S.-China Ties: NEF Update

In this article The four-day Bloomberg New Economy Forum kicked off with business and political leaders taking on issues from the economic fallout of the coronavirus pandemic to the future of global trade and climate change. Former President Bill Clinton said Xi Jinping’s long-term reign has upended U.S.-China relations, and will require Joe Biden’s incoming […]

China leads global auto industry recovery from virus with Oct sales rising 12.5%

Fox Business Flash top headlines for November 10 Fox Business Flash top headlines are here. Check out what’s clicking on Vehicle sales in China rose 12.5% in October from the same month a year earlier, the seventh straight monthly rise as the world's biggest vehicle market leads the global industry in recovering from lows […]

World’s Top Hedge Fund Soars 275% With Huge Bet on China Schools

Long before he ran the world’s best-performing hedge fund, Qian Yongqiang chaired China’s biggest online dating service. The Yale graduate would spend hours tracking down attractive users with suspicious profiles, sifting through accounts and deleting thousands of scammers to improve the site’s authenticity and ensure its success. Now he’s betting that same attention to detail […]