Hong Kong-listed shares of China's WuXi AppTec jumped as much as 7.6% on Monday after it said it has no links with any governments or their military organisations, and it should not be listed as a "biotechnology company of concern" in a draft U.S. bill.
Chicago soybeans ticked higher on Monday after dropping to their lowest in more than two years earlier in the session, although a strengthening dollar and lacklustre demand for U.S. cargoes limited the upside in prices.
Prices of base metals opened this week lower because of a stronger U.S. dollar and on expectations that subdued demand will outweigh tight supply this year.
Boeing Co said on Sunday it will have to do more work on about 50 undelivered 737 MAX airplanes, potentially delaying some near-term deliveries, after its supplier Spirit AeroSystems discovered two mis-drilled holes on some fuselages.
Scandinavian airline SAS said it would file a second amended Chapter 11 plan of reorganization on Monday and said it had the support of the Official Committee of Unsecured Creditors.
Chicago soybeans lost more ground on Monday, with prices dropping to their lowest levels in more than two years as a strengthening dollar and lacklustre demand for U.S. cargoes provided headwinds to the market.
Boeing Co said on Sunday it will have to perform rework on about 50 undelivered 737 MAX airplanes, potentially delaying near-term deliveries, after its supplier Spirit AeroSystems discovered two mis-drilled holes on some fuselages.
Lojas Marisa on Sunday said Andrea Menezes will become the Brazilian fashion retailer's new CEO, with plans to steer the company in a different direction.
The European Commission will not add any new import bans in its next package of sanctions on Russia, EU diplomats said, as a 13th package proposal takes its final shape.
Turkish President Tayyip Erdogan will discuss a new mechanism to allow Ukrainian grain exports through the Black Sea with his Russian counterpart Vladimir Putin during his upcoming visit to Turkey, Foreign Minister Hakan Fidan said on Sunday.
Chicago corn, soybean and soybean product futures once again hit multi-year lows last week, and speculators continued building big short positions across the board with global grain and oilseed supply expansion still on track.
China will boost the development of high-yielding crop varieties to raise production, state media reported on Saturday, citing a key rural policy document, as Beijing pushes for greater use of bio-technology and mechanisation in its food security measures.
Chicago Mercantile Exchange live cattle futures closed at their highest in nearly three months on Friday, buoyed by this week's firm cash cattle trade and government data confirming the smallest U.S. herd since 1951, traders said.
Chicago Board of Trade soybean futures fell to a two-year low on Friday and corn also declined as the dollar soared after a much stronger-than-expected monthly U.S. jobs report reduced expectations of near-term Federal Reserve interest rate cuts.
Projects to capture methane from farm livestock manure for energy production should not be eligible for farm conservation dollars included in U.S. President Joe Biden's signature climate law because they are harmful to the environment, members of Congress told the administration in a letter sent on Thursday.
U.S. stocks ended sharply higher on Friday and the S&P 500 registered an all-time closing high as strong earnings and a blowout January employment report boosted confidence in the economy, even while lowering the likelihood that the Federal Reserve will cut interest rates any time soon.
Reuters
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