In a radical move by the world's No. 2 producer to cut its ballooning surplus and unleash more supply into a saturated global market, China has given approval to at least two companies to export corn, reported Reuters citing trading sources.   Top grains trader Cofco and major processor...

The global shipping industry is slowly waking up to the redeeming potential of technology after being ravaged by collapsing revenues, defensive mergers and the failure of major player South Korea's Hanjin Shipping Co Ltd.   The start-ups making the biggest inroads are those that are engaged...

In a shocking revelation, EU police agency Europol said on Wednesday that militant groups have been offered the means to attack Europe as cybercriminals are offering contract services for hire. The agency however mentioned that such militant groups have yet to employ such techniques in major...

A wider debate about the impacts of the shale industry on the environment and the global economy has been set as shale gas from the U.S. arrived on the shores of the U.K. for the first time Tuesday.   A ship called the Ineos Insight would arrive on the banks of Grangemouth in east Scotland...

There is more bad news for Britain related to its exit from the European Union.   A recent survey has revealed that following the vote to leave the European Union by Britain, at least three-quarters of British company bosses are considering moving operations abroad and out of the country....

The message that high end homes prices are clearly losing altitude all around the U.S. were evident from the headlines in the luxury real estate market this year which have been dour if not outright grim.   Hones priced above $1 million dipped four percent from the previous month,...

In a major compromise ahead of talks in Algeria next week, three sources familiar with the discussions told Reuters that Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year.   The sources reportedly told Reuters on condition of anonymity...

Algeria, which plays host to oil ministers next week, has always been the land of surprises as far as OPEC decision-making is concerned.   The market was shocked in 2004 and 2008 when unexpected announcements of production cuts to prop up prices were made at the last two meetings of the...

Alleging that American farmers are being denied the ability to compete fairly for exports to China due to the offering excessive support for the production of corn, rice and wheat by the government there, the U.S. has brought a trade complaint to the World Trade Organization against China.  ...

Even as any sense of calm in European markets looked fragile, after a Federal Reserve official argued against raising U.S. interest rates too quickly, European shares rose modestly and the dollar firmed on Tuesday.   The dollar was helped to be weakened and U.S. stocks were pushed higher and...

According to the latest monthly report from oil producer group OPEC, the overall health of the energy sector and the state of global growth would be determined crucially by central banks such as the U.S. Federal Reserve.   Imminent central bank decisions and political developments were...