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Syngenta appoints insider Hengde Qin as CEO

Syngenta has appointed Hengde Qin as its new CEO, effective August 1, the Swiss-based group said on Wednesday, handing leadership of one of the world's largest agricultural technology companies to an internal successor.Qin in 2004 joined Syngenta's owner, China's state-owned Sinochem, and became Pr…

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StocksCN
NEWS reuters

CBOT soybeans may retest resistance at $11.52-1/4

The CBOT soybean November contract (SX26) may retest a resistance at $11.52-1/4 per bushel, a break above which could lead to a gain into the $11.56 to $11.60-3/4 range.A wave c from $11.24-1/2 looks incomplete, which may travel to $11.60-3/4, its 100% projection level. Given that the market failed…

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Futures
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Euro zone factory output ends first quarter on strong note, cost pressures ease - PMI

Euro zone manufacturing output ended its best quarter since early 2022 last month with easing cost pressures giving relief to factories even as sluggish export demand partly dragged overall activity growth to its lowest since February, a survey showed.The S&P Global Eurozone Manufacturing PMI (INPM…

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reuters

Syngenta appoints Hengde Qin as CEO

Syngenta has appointed Hengde Qin as its new CEO, effective August 1, the Swiss-based group said on Wednesday, handing leadership of one of the world's largest agricultural technology companies to an internal successor.Qin in 2004 joined Syngenta's owner, China's state-owned Sinochem, and became Pr…

Reuters en
StocksCH

CBOT wheat, corn and soybeans edge higher after USDA reports

Chicago wheat, corn and soybean futures edged higher on Wednesday after the U.S. Department of Agriculture released its acreage and quarterly stocks reports overnight.The most-active wheat contract on the Chicago Board of Trade (CBOT) CBOT:ZW1! rose 0.51% to $5.92-1/4 a bushel by 0725 GMT, while co…

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Futures

Japan futures fall on expectations of higher supplies

By Emily Ou YongJapanese rubber futures fell for the first time in three sessions on Wednesday, as expectations of improved natural rubber supplies weighed on prices, offsetting support from firmer oil prices and a further weakening of the yen.($1 = 162.6600 yen)($1 = 6.7942 Chinese yuan)

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Futures
NEWS reuters

Bolivia's switch to flexible exchange rate 'important step', IMF says

The International Monetary Fund has called Bolivia's shift to a flexible exchange rate after 15 years of pegging its boliviano currency to the dollar an "important step" and said it remains committed to supporting the country's economic repair plans.The IMF recommended ditching the dollar peg last…

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Forex
NEWS reuters

French manufacturing grew in June by more than first forecast, final PMI shows

France's manufacturing activity grew slightly faster in June than initially forecast, despite ongoing supply-chain pressures caused by transport disruptions due to the Iran war, a business survey showed on Wednesday.The S&P Global France Manufacturing Purchasing Managers' Index (PMI) rose to 51.2 p…

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Economy
reuters

Kazakhstan's Freedom Holding Corp gets regulatory approval to buy Turkish Bank

Kazakh financial services company Freedom Holding Corp. NASDAQ:FRHC said on Wednesday it has received approval from Turkey’s banking regulator and antitrust authority to acquire a 99.32% stake in Istanbul-based lender Turkish Bank.The deal covers only Turkish Bank's domestic operations, with its bu…

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StocksTR
NEWS reuters

Italian manufacturing cost pressures ease in June, PMI shows

Cost pressures and supply chain disruption in Italy's manufacturing sector eased in June, a survey showed on Wednesday, reflecting signs of de-escalation in the conflict in the Middle East.The measure of input cost inflation in the Italian S&P Global Manufacturing Purchasing Managers' Index (PMI) f…

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Economy

Westpac director Nash leaves board over ties to KPMG

By Scott MurdochAustralian bank Westpac ASX:WBC said on Wednesday that non-executive director Peter Nash would leave its board, citing his relationship with troubled auditor KPMG.KPMG is embroiled in a scandal over whistleblower allegations it shared confidential company information with prospectiv…

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StocksAU