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Argentina dry shift trims soy’s biggest gain since 2014

  Bloomberg A change to drier weather in Argentina is paring the biggest monthly gain for soybeans since 2014 after floods damaged the country’s crops. Dry weather will prevail in Argentina, the world’s third-largest exporter of soybeans, through early next week, allowing harvesting to accelerate, MDA Weather Services said in a report on Saturday. The harvest is 24 percent complete, ...

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Venezuela to push clocks forward

  Caracas, Venezuela / AFP With their country gripped by an economic crisis, Venezuelans will lose half an hour of sleep when their clocks are moved forward to save power on President Nicolas Maduro’s order. At 2:30 am local time, the oil-dependent South American nation will shift its time ahead by 30 minutes — to four hours behind Greenwich Mean Time. ...

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AIG raises $1.25bn selling PICC stock

  New York / BLOOMBERG American International Group Inc. raised $1.25 billion selling shares of Chinese insurer PICC Property & Casualty Co. near the low end of a marketed range. The largest commercial insurer in the U.S. and Canada sold 740 million shares of PICC P&C at HK$13.08 apiece, after earlier offering them at HK$13.06 to HK$13.35, according to terms ...

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