United States

Colin Packham

Australian state to impose hefty fines to compel COVID-19 isolation

1:48am EDT

SYDNEY Australia's second-most populous state Victoria said on Tuesday that anyone breaking COVID-19 isolation orders will face hefty fines, as high as A$20,000 ($14,250), and that more military personnel will be deployed to fight the spread of the virus.

GRAINS-Wheat falls 1% on global stockpiles, tepid demand

Aug 02 2020

SYDNEY, Aug 3 U.S. wheat futures fell as much as 1% on Monday as ample supplies and concerns over international demand weighed on prices.

Australia to make Facebook, Google pay for news in world first

Jul 31 2020

SYDNEY Australia will force U.S. tech giants Facebook Inc and Alphabet Inc’s Google to pay Australian media outlets for news content in a landmark move to protect independent journalism that will be watched around the world. | Video

Coronavirus spikes in Asia spur warnings against complacency

Jul 30 2020

SYDNEY/NEW DELHI Spikes in novel coronavirus infections in Asia have dispelled any notion the region may be over the worst, with Australia, India and Hong Kong reporting record daily cases, Vietnam testing thousands and North Korea urging vigilance. | Video

Australia reports record spike in coronavirus cases, 14 deaths

Jul 30 2020

SYDNEY Australia recorded its deadliest day of the coronavirus pandemic on Thursday with 14 deaths and more than 700 new infections mainly in Victoria state, where the government ordered all residents to wear face-coverings outside.

GRAINS-Soybeans drop 1.5% to hit 12-day low on favourable U.S. weather

Jul 28 2020

(Updates prices, adds quote, changes dateline) * USDA says 72% of corn and soybeans in good-to-excellent shape * USDA confirms more U.S. exports * Production prospects in Russia rise By Colin Packham and Sybille de La Hamaide SYDNEY/PARIS, July 28 U.S. soybean futures fell as much as 1.5% on Tuesday to hit a 12-day low after the U.S. Department of Agriculture said the condition of crops were well ahead of market estimates, reinforcing expectations for a sizable U.S. harvest. Corn fell over 1% as favourable U.S. weather conditions were seen boosting prospects for the crop and wheat edged lower, also pressured by hefty global supplies. The most active soybean futures on the Chicago Board Of Trade were down 1.4% at $8.86-3/4 a bushel by 1030 GMT, having earlier hit $8.85-1/4 a bushel - the lowest since July 16. The USDA crop condition report was driving losses, traders said. "The USDA report caught the market off-guard. The report shows that concerns about U.S. crops are overdone," said a Melbourne-based grains trader, who requested anonymity as he is not authorised to speak with the media. The USDA on Monday rated 72% of both corn and soybeans as good-to-excellent condition, better than the average of estimates in a Reuters survey of 10 analysts that had the crops holding steady at 69% in the past week. However, continued strong demand for U.S. exports limited losses. "The soybean price is also down in the wake of the crop progress report, though its fall has been slowed by positive demand data," Commerzbank said in a note. The USDA on Monday confirmed U.S. soybean export sales to China, along with shipments to Mexico. It was the 10th straight day that the USDA announced soybean sales to either China or unknown destinations, often believed to be China. The most active corn futures were down 1.1% at $3.30-3/4 a bushel while wheat slipped 0.1% to $5.27 a bushel, after closing 2.2% lower on Monday. Moscow-based consultancy IKAR raised its Russian wheat crop forecast on Monday due to high yields in some regions. Prices at 1025 GMT Last Change Pct End Ytd Move 2019 Pct Move CBOT wheat 527.00 -0.75 -0.14 558.75 -5.68 CBOT corn 330.75 -3.75 -1.12 387.75 -14.70 CBOT soy 887.00 -12.75 -1.42 955.50 -7.17 Paris wheat Sept 182.00 -0.75 -0.41 185.75 -2.02 Paris maize Jun 174.00 1.50 0.87 168.50 3.26 Paris rape Aug 385.00 2.75 0.72 387.25 -0.58 WTI crude oil 41.30 -0.30 -0.72 61.06 -32.36 Euro/dlr 1.17 0.00 -0.21 1.1210 4.60 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne (Editing by Sherry Jacob-Phillips and Emelia Sithole-Matarise)

GRAINS-Soybeans drop 1.5% to hit 12-day low on favourable U.S. weather

Jul 28 2020

* USDA says 72% of corn and soybeans in good-to-excellent shape

Australia reports highest coronavirus deaths in three months, infections climb

Jul 23 2020

SYDNEY Australia reported its highest daily number of coronavirus-related deaths in three months on Thursday as new infections continued to climb in its second most populous state.

Australia expected to reveal biggest budget deficit since WW2 due to coronavirus

Jul 22 2020

SYDNEY, July 23 Australia is expected to report its biggest budget deficit since World War Two on Thursday when Canberra reveals the full economic damage caused by the coronavirus pandemic and as the country struggles with its first recession in three decades.

Australia to post biggest budget deficit since World War Two, Treasurer to say

Jul 22 2020

SYDNEY Australia will record its biggest budget deficit since World War Two, Treasurer Josh Frydenberg will say on Thursday, as the spread of COVID-19 saw the government roll out billions in stimulus to support a shuttered economy.

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