Author: FX

jetcityimage/iStock Editorial via Getty Images Corteva (NYSE:CTVA) has boosted its share of the market for soybean seeds in the United States to more than half, overtaking rival Bayer (OTCPK:BAYZF) (OTCPK:BAYRY), The Wall Street Journal reported Sunday. The rivalry between the two companies has played out patent fights and in marketing their products to growers. Corteva (CTVA) in 2019 introduced a soybean-and-spray combination called Enlist E3 to take on Bayer’s (OTCPK:BAYZF) (OTCPK:BAYRY) Xtend, and later XtendFlex, soybeans that are resistant to an herbicide called dicamba. Corteva’s (CTVA) 2,4-D choline weedkiller doesn’t evaporate off of crops and drift in the wind as…

4/4 © Reuters. North Korean leader Kim Jong Un walks with Russia’s Defence Minister Sergei Shoigu, as he visits Vladivostok, Russia, September 16, 2023 released by the Korean Central News Agency on September 17, 2023. KCNA via REUTERS 2/4 By Ju-min Park SEOUL (Reuters) -North Korean leader Kim Jong Un was heading home by train on Sunday, Russian news agencies reported, after a week-long visit to Russia that included talks with President Vladimir Putin on closer military and other cooperation. A video published by Russia’s state-run RIA news agency on Sunday showed Kim walking along a red carpet to his…

UPCOMING EVENTS:Monday: NZ Services PMI, US NAHB Housing Market Index.Tuesday: RBA Meeting Minutes, Canada CPI, US Building Permits and Housing Starts.Wednesday: PBoC LPR, UK CPI, BoC Summary of Deliberations, FOMC Policy Decision.Thursday: NZ GDP, SNB Policy Decision, BoE Policy Decision, US Jobless Claims.Friday: Japan CPI, BoJ Policy Decision, UK Retail Sales, Canada Retail Sales, Flash PMIs for AU, JP, UK, EZ, US. TuesdayThe Canadian Headline CPI Y/Y is expected to tick higher to 3.8% vs. 3.3% prior, while the M/M reading is seen at 0.2% vs. 0.6% prior. The BoC continues to complain about the slow disinflation in the underlying…

U.S. DOLLAR ANALYSISStout US economy may extend appetite for future rate hikes.Fed expected to hold rates at current levels.Bearish divergence suggests short-term dollar weakness to come. Recommended by Warren Venketas Get Your Free USD Forecast DOLLAR INDEX FUNDAMENTAL FACTORSThe US dollar had a rollercoaster of a week with beginning with mixed US CPI figures followed by PPI and retail sales that reinforced the robust state of the US economy and hinted at potential inflationary pressures to come. Although the ‘higher for longer’ message remains and potentially looks to be more persistent, the outlook for next weeks Fed rate announcement is…

Popular DJ and crypto investor Justin Blau, better known by his stage name 3LAU, has caused a stir in the crypto community after suddenly opting out of the decentralized social media platform Friend.tech. Explaining the decision, the DJ highlighted concerns over the regulatory risks that the platform may pose. In a Sept. 15 X ( formerly Twitter) thread, 3LAU revealed that he stepped away from Friend.tech after “understanding more of the risks.” Continue Reading on Coin Telegraph Source link

© Reuters. FILE PHOTO: Banners displaying the NATO logo are placed at the entrance of new NATO headquarters during the move to the new building, in Brussels, Belgium April 19, 2018. REUTERS/Yves Herman/File Photo By Gwladys Fouche and Sabine Siebold OSLO (Reuters) -A top NATO military official warned on Saturday that a drastic rise in ammunition prices means that allies’ higher defence spending does not automatically translate into greater security and called for more private investment in defence companies. “Prices for equipment and ammunition are shooting up. Right now, we are paying more and more for exactly the same,” Dutch…

HHakim The state of California has sued five major oil companies – Exxon Mobil (XOM), Shell (SHEL), BP (BP), ConocoPhillips (COP) and Chevron (CVX) – claiming their actions have caused billions of dollars in damage and deceived the public by downplaying the risks posed by fossil fuels, The New York Times reported Saturday. California is seeking the creation of an abatement fund to pay for future damages caused by climate-related disasters in the state, the report said. Detailing the growing damage purportedly inflicted on California by climate change, the complaint says “oil and gas company executives have known for decades…

Spencer Platt/Getty Images News The United Auto Workers went back to the table on day two of a targeted strike against General Motors (NYSE:GM), Ford Motor (NYSE:F), and Stellantis (NYSE:STLA). The auto workers union said negotiators had “reasonably productive’ discussions with representatives of Ford (F). The UAW’s statement did not mention the status of the talks with General Motors (GM) or Stellantis (STLA). However, Stellantis (STLA) updated on Saturday that a proposal to resume work at an idled Illinois factory has fallen through. About 12,700 UAW workers were on strike on Saturday, which is less than 10% of the UAW…

Paxos’ $500K Bitcoin fee, FTX tokens sales set to begin and other news: Hodler’s Digest, Sept. 10-16 The miner who received 19.8 BTC in fees from blockchain infrastructure firm Paxos has returned the funds following Paxos’ claim that it made a mistake in paying over $500,000 in transfer fees. On Sept. 10, Paxos paid the six-figure fee to move $2,000, with the average network fee typically being around $2. The company later acknowledged the mistake, confirming the transfer came from its servers. Almost a day after Paxos claims, the Bitcoin miner who received the funds went on X (formerly Twitter)…

U.S. home purchases are getting scrapped at the highest rate in nearly a year as the highest mortgage rates in more than two decades are giving homebuyers “cold feet,” online real estate brokerage Redfin (RDFN) reported this past week. Almost 60K home-purchase agreements across the U.S. were canceled in August, the Friday report said. That’s equivalent to 15.7% of homes that went under contract last month, vs. 14.3% a year before, marking the highest share of cancellations since October. A weekly survey from Freddie Mac showed the average 30-year, fixed mortgage loan rose to 7.18% as of Sept. 14 from…