#bworld finance

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USDA Wheat Supply and Demand, Market Year Estimates Released

USDA Wheat Supply and Demand, Market Year Estimates Released

The United States Department of Agriculture (USDA) has released the wheat supply and demand estimates for the 2018-2019 marketing year.

The projected midpoint price of wheat falls $5.00; it is 30 cents higher than the 2017-2018 marketing year’s price forecast of $4.70. Meanwhile, the estimated average price range of the current marketing year is between $4.50 and $5.50.

Furthermore, wheat…

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Chinese Stocks Lead Asian Shares Higher

Chinese Stocks Lead Asian Shares Higher

Shanghai stocks led Asian stock markets higher on Tuesday as China boasted fiscal action to support the world’s second largest economy.  Meanwhile, strong results from internet giant Alphabet buoyed the technology sector generally.

Global bonds stayed under pressure on the speculations that the Bank of Japan may soon fall back from its massive stimulus.  In China, government bond yields jumped,…

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Automotive Execs Push Back Trump Tariffs

Automotive Execs Push Back Trump Tariffs

Automotive firms’ executives pushed back on the Trump administration’s proposal to drastically raise tariffs on auto imports from the European Union.

Industry executives testified at the first of the two-day hearing that the US Commerce Department holds.  The high-ranking officials warned against tariffs, saying such duties would hurt US jobs, as well as raise prices for consumers and invite the…

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Goldman Sachs Beat Q2 Earnings Expectations

Goldman Sachs Beat Q2 Earnings Expectations

Goldman Sachs stated that their profit 40 percent to $2.57 billion during the second quarter, topping analysts’ estimates on revenue that was better than expected from every major business except trading.  The stock slumped as the company said that legal and regulatory costs swelled.

The earnings of $5.98 per share exceeded the estimate of $4.66 from analysts.  Revenue jumped up 19 percent,…

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Asian Stocks Inch Higher on Strong Tech Sector

Asian Stocks Inch Higher on Strong Tech Sector

The Asian market managed to offset some of the sheds they suffer from the previous session on great tech sector today. The sector tallied a great performance ahead of the major meeting of the G7 countries this Friday.

The Asian stocksmanaged to rebound from the rocky session yesterday. The tension over the new United States steel tariffs continues to be the main focus of the market and most…

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Wheat, Corn Climbs on Bargain-Buying

Wheat, Corn Climbs on Bargain-Buying

US wheat and corn futures traded higher on Wednesday.

Analysts said that the wheat’s technical bounce a day after the spot July contract neared a two-week low, and worries on dry weather in the Black Sea crop region pushed the futures to rise.

Corn advanced from its two-month low, while soybeans closed mixed as nearby contracts lost ground in previous months.

Chicago Board of Trade(CBOT) for July…

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Sharp Corp Looks to Acquire Toshiba’s Computer Business

Sharp Corp Looks to Acquire Toshiba’s Computer Business

Japan’s prominent brand Sharp Corp looks to seal a deal with Toshiba Corp’s personal computer business. The company is looking to stage a comeback from the personal computer industry after striking out eight years ago.

According to reports, Sharp is looking to offer a whopping 4 billion yen or roughly $48.1 million to acquire Toshiba’s computer business. The company shows great signs of recovery…

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Asian Stocks Mixed as Major Indices Made Tepid Moves Asian markets are mostly high on Tuesday trade, with most major indices made tepid moves after rallying in the previous session.