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Top News & Analysis Chicago

  • *OPEC points to larger 2017 surplus unless cuts adopted. NEW YORK/ LONDON, Dec 14- Oil prices fell about 2 percent on Wednesday as glut worries resurfaced after a reported rise in U.S. crude inventories and as OPEC signaled a growing crude surplus next year unless production cuts by the world's top exporters are implemented. "The crude supply surge was led by another...

  • CHICAGO, Dec 14- Ed Slott is one of the nation's top experts on IRAs. Internal Revenue Service rules require retirement investors to begin withdrawing a certain amount annually from traditional IRAs and 401 accounts in the year that they reach age 70-1/ 2. The deadline for most required minimum distributions is Dec. 31, so this is a good time to double-check on your...

  • CHICAGO, Dec 14- Ed Slott is one of the nation's top experts on IRAs. Internal Revenue Service rules require retirement investors to begin withdrawing a certain amount annually from traditional IRAs and 401 accounts in the year that they reach age 70-1/ 2. The deadline for most required minimum distributions is Dec. 31, so this is a good time to double-check on your...

  • SYDNEY, Dec 14- U.S. wheat fell for the first time in five sessions on Wednesday, edging down from a two-week high hit in the previous session, as ample global supplies weighed on prices. *The most active wheat futures on the Chicago Board Of Trade fell 0.42 percent to $4.15-3/ 4 a bushel, having closed marginally higher on Tuesday. *Oil prices fell on Wednesday following...

  • Dec 13- U.S. researchers have found evidence of the Zika virus replicating in fetal brains for up to seven months after the mother became infected with the virus, and they showed the virus can persist even after birth, according to a study published on Tuesday. "Our findings show that Zika virus can continue to replicate in infants' brains even after birth, and that...

  • PARIS/ SINGAPORE, Dec 13- Chicago wheat edged lower on Tuesday, coming off an earlier two-week high as ample world supplies and investor caution before a U.S. interest rate decision tempered support from export hopes. The Chicago Board of Trade's most-active wheat contract had slid 0.6 percent to $4.15-3/ 4 a bushel by 1349 GMT, having earlier touched its highest...

  • *The most active wheat futures on the Chicago Board Of Trade fell 0.5 percent to $4.15-1/ 4 a bushel after touching $4.18-1/ 2- the highest since November 28. *Saudi Arabia's main state grain importer, the Saudi Grains Organization, said on Monday it had bought 725,000 tonnes of hard wheat. *Chinese buyers purchased 256,600 tonnes of U.S. soybeans, the U.S. Department of...

  • Dec 12- In the more than four decades since President Richard Nixon's historic trip to China, the United States has become China's largest export and China is one of the largest markets for U.S. exporters and a source of supply for everything from smartphones to spark plugs. The following are some examples of the deep economic ties between China and U.S....

  • 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...