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Top News & Analysis Chicago

  • Four U.S. industry sources who follow China policy closely said they were unsettled by any suggestion of abandoning the "one China" policy, which they said had served the business community well for several decades. "The Chinese are deeply concerned and we hear now from reliable sources in Beijing who suggest the Chinese government, the Communist Party, are...

  • NEW YORK, Dec 12- The U.S. dollar fell against most major currencies on Monday on concerns that the Federal Reserve could suggest in its next policy statement that the greenback's gains have gone too far, while a rally in oil prices boosted commodity-linked currencies. With a hike largely priced in, focus has turned to what signal the Fed will send on further policy...

  • *Oil prices jump as much as 6.5 pct on output cut pact. Dec 12- Wall Street was lower in early afternoon trading on Monday as a drop in technology and financial stocks offset a jump in energy shares. Oil prices gained as much as 6.5 percent to an 18- month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle...

  • SAN FRANCISCO, Dec 12- Private jet startup JetSmarter said on Monday it had raised $105 million in financing from a range of investors including the Saudi Royal Family and rapper and businessman Jay Z. The service costs $15,000 in membership fees for the first year and $11,000 after that, according to the company website. Still, JetSmarter has caught the...

  • *Viacom, CBS down after Sumner Redstone withdraws merger approval. Oil prices gained as much as 6.5 percent to an 18- month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices. President-elect Donald Trump's expected agenda of economic stimulus and reduced taxes...

  • NEW YORK, Dec 12- The U.S. dollar fell against most major currencies on Monday on concerns that the Federal Reserve could suggest in an upcoming policy statement that the greenback's gains had gone too far, while a rally in oil prices boosted commodity-linked currencies. With a hike largely priced in, focus has turned to what signal the Fed will send on further...

  • *Large world inventories seen by USDA. "Soybeans, wheat and corn are seeing weakness today after the USDA report on Friday reminded the market of large global supplies in all three sectors," said Graydon Chong, senior commodities analyst with Rabobank. "The stronger dollar today is also a weakening factor as this is naturally damaging to U.S. export prospects, but...

  • SYDNEY, Dec 12- U.S. soybeans rose on Monday as dry weather concerns in Argentina underpinned the second consecutive session of gains. *USDA in a monthly report left U.S. soybean, corn and wheat stockpile estimates unchanged and hiked global stockpiles to account for bigger corn production in Brazil and wheat output in Australia. *The USDA put U.S. soybean ending...

  • CHICAGO, Dec 9- U.S. soybean and corn futures rose 1 percent on Friday, buoyed by technical buying and concerns over dry growing conditions in Argentina in the wake of U.S. Department of Agriculture crop data at midday that was deemed neutral, traders said. The gains came after USDA in a monthly report left U.S. soybean, corn and wheat stockpile estimates unchanged...

  • CHICAGO/ NEW YORK, Dec 9- The financially struggling Chicago Board of Education next week will sell a new type of debt, armed with an investment grade rating from Fitch Ratings based on the bonds' ability to withstand a bankruptcy filing. The $500 million of capital improvement tax bonds slated to price through Barclays Capital are secured by a new property tax...

  • CHICAGO, Dec 9- U.S. soybean futures were about flat on Friday, paring earlier gains after the U.S. Department of Agriculture left its domestic supply outlook unchanged. Chicago Board of Trade corn and wheat futures were also little changed in subdued trading following the crop data, in which the government boosted its estimates of global grain and soy...

  • WASHINGTON, Dec 9- The U.S. Agriculture Department left its domestic supply estimates for corn, soybeans and wheat unchanged on Friday, holding usage forecasts for all three commodities steady with its November outlook. On the global front, the government raised its ending stocks outlook for corn, soybeans and wheat due to increased production outlooks in...

  • PARIS/ SINGAPORE, Dec 9- Chicago soybean futures turned higher on Friday, coming off an earlier two-week low as investors adjusted positions before U.S. government crop forecasts that will give clues as to how brisk export demand is playing out against big supplies. The U.S. Department of Agriculture will release its monthly supply-demand report at 1700 GMT and...

  • *China proposing new regulation on food imports. The rule, part of a drive by China to boost oversight of its sprawling food supply chain, requires all food imports to carry health certificates from October next year, even if the product is deemed low-risk. "could bring large segments of foreign food imports to a grinding halt," Germany's ambassador to China, Michael...

  • CHICAGO, Dec 8- U.S. soybean futures dropped 2 percent on Thursday, the steepest decline in 2-1/ 2 months, on profit-taking tied to lower vegoil prices and extended weather outlooks for rainfall in Argentina, traders and analysts said. President-elect Donald Trump's nomination of Oklahoma Attorney General Scott Pruitt to run the nation's Environmental...

  • CHICAGO, Dec 8- The Great Recession took any number of wrecking balls to the retirement security of American workers, including wages and pension benefits, home equity and savings. The recession pushed the U.S. part-time labor force to 20.1 percent in January 2010 from just under 17 percent, and it remains high today at 18.3 percent of the workforce, according to...

  • Without bankruptcy, many of small and medium-sized service companies risk missing out on any upturn that could follow President-elect Donald Trump's pro-drilling agenda or OPEC's plan to cut oil production for the first time in eight years, restructuring advisors said. In June through October, nine companies with at least $100 million in debt filed for...

  • Without bankruptcy, many of small and medium-sized service companies risk missing out on any upturn that could follow President-elect Donald Trump's pro-drilling agenda or OPEC's plan to cut oil production for the first time in eight years, restructuring advisors said. In June through October, nine companies with at least $100 million in debt filed for...

  • SYDNEY, Dec 8- U.S. wheat futures edged higher on Thursday, rebounding from a five-day low touched in the previous session, although ample global supplies put a ceiling on gains. *The most active wheat futures on the Chicago Board Of Trade rose 0.5 percent to $4.03 a bushel, having closed down 1.4 percent on Wednesday when prices fell to a low of $3.99-1/ 2 a bushel- the...

  • MEXICO CITY/ CHICAGO, Dec 7- Retailer Wal-Mart de Mexico said on Wednesday it will invest $1.3 billion in logistics in Latin America's No. 2 economy, in what is perceived as a show of commitment to Mexico at a time of uncertainty after the election of Donald Trump. The investment in Mexico will not result in any jobs being moved from the United States, Wal-Mart...