World’s biggest wheat supply dries up when some want it most
For the first time in a decade, the world risks being cut off from Russian wheat at a time when some key buyers are rushing to import it.
The top shipper last month limited sales through June to protect its own supply as the coronavirus crisis sparks food-security concerns around the world. Although the curbs were seen loose enough to ensure normal trade flows for this time of year, Russia has already burned through the entire quota. It will halt grain shipments to all but four former Soviet neighbors once the last cargo booked under the limits leaves the country.
US shale industry braces for wave of bankruptcies28001:05
Swedish jobless rate climbs amid brewing political storm496Yesterday, 18:30
Negative pricing seen spreading from oil to gas as European demand slumps82025.05.2020, 23:10
Argentina defaults again as debt talks progress171824.05.2020, 00:15
US adds 33 Chinese companies, institutions to economic blacklist172023.05.2020, 15:35
US billionaire wealth surges $434 billion as unemployment filers top 38 million175522.05.2020, 12:05