"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
"This would be the most profound violation of the presidential oath of office certainly during this presidency," House Intelligence Chair Adam Schiff said.Politicsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
(Adds details from report, background)
WASHINGTON, May 29 (Reuters) - A U.S. banking regulator on Wednesday said it was seeing trouble in the farm sector as commodity prices fall and that some banks were reporting a deterioration in the quality of their agricultural loans during the first three months on the year.
"We are seeing some emerging strain," Diane Ellis, the director of the insurance and research division at the Federal Deposit Insurance Corporation, said at a news briefing. "Mostly it affects our community banks in the middle of the country."
In a quarterly report on the health of U.S. banks, the FDIC said the share of agricultural loans at community banks that were at least 90 days past due or in non-accrual status rose to 1.28% in the first quarter, the highest level since the third quarter of 2011.
Ellis said strain has been building for years in the farm sector as commodity prices have fallen. Ellis noted that farm incomes were about half their levels from six years ago.
Commodity prices have also been hit over the last year by a U.S.-China trade war which has sparked higher Chinese tariffs on U.S. agricultural exports.
China is a top buyer of U.S. soybeans, the nations most valuable agricultural export, and it has dramatically reduced its purchases. (Reporting by Jason Lange Editing by Chizu Nomiyama and Susan Thomas)