|Day's Range||77.12 - 78.48|
Indian traders have signed contracts to ship 800,000 bales of cotton to China as demand surged from the world's biggest consumer of the fibre due to a rally in prices in China, industry officials told Reuters. The exports from the world's biggest cotton producer will help China in augmenting supplies, but could weigh on global prices. "Chinese buyers were very active in the market in last few days," said Atul Ganatra, president of the Cotton Association of India (CAI).
Singaporean commodity trader Olam International plans to invest $3.5 billion into key growth areas, such as edible nuts, coffee and cocoa, over the next few years, while exiting four existing businesses to raise funds. The agricultural commodity trader will double down on 12 prioritised businesses, which include spices, edible oils, cotton, dairy, grains and animal feed. "We will continue to invest in businesses where we have consistently performed, have market leading positions, clear differentiation, it is in line with the key consumer trends and there is significant potential for future growth," chief executive Sunny Verghese told a briefing.
China's omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import duties from Friday has preserved a potential weapon should the trade war with Washington deepen. It also underscores Beijing's desire to ensure supplies of gas as it pushes to switch millions of households and businesses away from using coal as a key part of its 'war on pollution'. China will on Friday impose tariffs on $34 billion of U.S. goods from pork to soybeans to cotton in retaliation for a similar move by Washington as trade relations sour between the world's top two economies.
In 1896, Charles Dow created what came to be known as the Dow Jones Industrial Average—an index consisting of just 12 companies at the time, meant to signal the state of the industrial sector. Nestled among outfits focused on cotton, sugar, tobacco, and railroads was General Electric, then a four-year-old electric company. Today, some 122…
MUMBAI/BEIJING (Reuters) - India's cotton exporters have signed contracts to ship 500,000 bales (85,000 tonnes) of their new season harvest to China as the world's biggest consumer of the fibre looks to raise its imports in the next crop year, industry officials told Reuters. Exporters in India, the world's biggest producer of cotton, usually start selling new season cotton from end-August, after estimating the nation's crop size.
Every so often, people stumble across an absurd piece of fashion and revel in the joy of calling it out online. The latest entry in the genre is Balenciaga’s “t-shirt shirt,” which has Twitter users mystified. It’s a cotton t-shirt with a button-up shirt hanging down the front like a necklace. You can wear the…
The White House is discussing possible replacements for Department of Homeland Security secretary Kirstjen Nielsen, because Donald Trump is unhappy with how she is running the massive agency tasked with keeping the US safe, according to two people briefed on the situation. Names being discussed inside the White House include Tom Cotton, the senator from…