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Washington neared a deal to lift its ban on U.S. firms supplying Chinese telecoms gear maker ZTE Corp, sources said on Tuesday, and Beijing announced tariff cuts on car imports, further easing trade tensions between the world's two largest economies.
* Deal likely involves China buying more U.S. farm goods
* Chinese officials had put ZTE at centre of broader trade
* China cuts car import tariffs to 15 pct from 25 pct
* Tesla, BMW, Daimler seen as beneficiaries of lower duties
* U.S. Senator Rubio blasts reported deal on ZTE
(Adds Breakingviews link)
By Michael Martina
Truck drivers partially blocked roads and ports across Brazil on Tuesday in a second straight day of protests against a steep rise in diesel prices.
All ag markets have found buyers.
(Adds analyst comment)
By Scott DiSavino
May 22 (Reuters) - China's interest in reducing its trade
surplus with the United States through increased energy imports
could advance plans for U.S. liquefied natural gas (LNG) plants
and ethanol sales, said analysts and energy executives involved
in developing new LNG facilities.
CHICAGO, May 22 (Reuters) - The Chicago Mercantile Exchange
will amend the feeder cattle futures contract rule to
include cattle identified in the U.S. Department of Agriculture
reports as fancy, thin, fleshy, gaunt or full in the calculation
of CME's feeder cattle index price, the exchange said in a
release on Tuesday.
The amendment change will be effective with the May 2019
contract and all other subsequent contract months.
PARIS, May 22 (Reuters) - French cooperative group
Limagrain's grain ingredients arm has agreed to buy Dutch
business Unicorn Grain Specialties from Nordian Capital, it said
on Tuesday without disclosing the deal's value.
The two companies will form a combined business with annual
sales close to 150 million euros ($177 million), processing more
than 330,000 tonnes of grain a year, Limagrain Cereales
Ingredients (LCI) said.
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Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminium, the WTO said on Tuesday, bringing the total U.S. tariff bill to around $3.5 billion annually.
Weather is becoming more bullish, too, as recent rains were disappointing in coverage and amounts.