Saturday , 7 February 2026

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Farmers slash corn planting as China’s stockpiles decay

  Bloomberg Farmer Zhang Qingjun said his cooperative in China’s northeast corn belt will slash this year’s planting of the crop by at least 40 percent when sowing starts next month because swollen government stockpiles of the grain have cut profits. “We can’t accept such low corn prices — you can barely make enough to feed the whole family,” Zhang …

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India’s billionaire Adani aims to begin mining Australian coal in 2020

  Bloomberg India’s Adani Group plans to begin extracting coal from the $16.5 billion Carmichael project in Australia in 2020 after environmental protests had delayed the first phase of the mine. The company will begin work on the project three months after it gets final approval from Australia’s federal government, Gautam Adani, billionaire chairman of the Indian group said. Adani …

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Insurance shares buoy Saudi, weak currency aids Egypt

  Reuters Stock markets in the Middle East diverged on Sunday with the insurance sector boosting Saudi Arabia and a depreciating currency lifting export and real estate shares in Egypt, while blue chips weighed on the United Arab Emirates and Qatar. Saudi Arabia’s index added 0.5 percent as the insurance sector surged. All but three of the 35 listed insurers …

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