CHINA

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China to add to squeeze on world corn supply

Beijing and the influential U.S. agriculture department may have overstated China's corn crop by as much as 14 percent, pointing to higher imports from the world's second-largest consumer of the grain that could squeeze already tightening global supplies.

Unemployment Rate Likely To Hold At 8.3% In February

jobless claims
Employers probably hired more than 200,000 workers for a third straight month in February, indicating that companies are feeling more upbeat about the U.S. economic recovery, economists said before a report this week.

Luxury watchmakers see clouds on China 'Eldorado'

Baselworld
Luxury watchmakers are hoping a stronger-than-expected recovery in the United States and global exposure will help them sail through a more challenging market in China, where the days of unstoppable growth are ticking by.
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Heavy equipment at Barrick gold project

Gold Edges up to Snap Three-Day Plunge

Gold prices snapped three days of losses to rise on Wednesday, helped by the euro paring losses versus the dollar, which eased negative currency effects on the precious metal, and by a tentative recovery in demand for physical gold at lower prices.
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Wall St set to rise on jobs report, Apple eyed

U.S. stock index futures rose on Wednesday, a day after Wall Street suffered its worst selloff in three months and as a report showed the private sector added more jobs than expected.
Satellite image shows the nuclear facility at Bushehr, Iran,

Israel Welcomes Iran-World Power Talks, But Believes Military Strike Only Alternative to Solve Issue

Israel was guarded in its approach to the resumption of talks with Iran by the world powers on Wednesday. The six world powers including the United States, France, Britain, China, Germany and Russia had expressed their willingness to continue talks with Iran over its nuclear program.Iran had offered to open up a key military base for international inspections, which the world powers suspect would be used for a its secret nuclear program.
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Adidas outlook disappoints in Olympic year

German sportswear group Adidas stuck to forecasts for a slowdown in sales growth in 2012, disappointing investors who had hoped for more in a banner year for sports events with the Olympics and European soccer championships.
A general view of a container port in Shanghai

China Lambasts U.S. Trade Bill, Won't Adjust Yuan

A U.S. trade bill targeting Chinese imports goes against international rules and Beijing will not adjust the value of its currency to try to bridge a trade deficit that is Washington's problem to fix, China's commerce minister said on Wednesday.
Gold bars

Gold Recovers as Dollar Retreats, Buyers Step In

Gold is down more than 6 percent since late February, having dropped sharply from the year's highs after U.S. Federal Reserve chairman Ben Bernanke held off signaling a further round of U.S. monetary easing in a key speech.
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China says some foreign firms exploit workers

Some foreign companies in China exploit their workers by forcing them to do overtime or underpaying them, the labor minister said on Wednesday, as controversy swirls over working conditions at a plant that makes Apple Inc's iPhones and iPads.
Cotton

India Bans Cotton Exports: How Will This Affect the Price?

The spot price of the benchmark Memphis cotton price have jumped more than 5 percent after India, the world’s second largest producer and exporter of cotton, banned exports of the fibre Tuesday. However, the impact of this ban on prices is expected to be short-lived according to a report.
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Asian Markets Fall Again on Renewed Greek Default Fears

Asian shares fell for the third day in a row Wednesday as investors grew more risk averse, with renewed uncertainty over Greece's bailout and mounting worries about slowing global economies overshadowing support provided by ample liquidity.

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