India will be glistening with gold in the next few days, as millions celebrate Diwali, the festival of lights. The holiday has pushed up demand for gold. In September the country imported $3.75 billion worth of gold jewelry in preparation.
Agribusiness giant Syngenta AG now faces lawsuits from farmers in 11 US states claiming the seed-and-chemical company’s sale of a genetically-engineered variant of corn yet to receive approval in China depressed market prices for the grain.
Three class-action lawsuits filed Friday claim that agribusiness power Syngenta is to blame for depressed corn exports to China since the seed company released a genetically-engineered variant of the crop before it was approved by Beijing.
The House of Representatives voted Tuesday to water down key parts of the 2010 Dodd-Frank Act, weakening the Commodity Futures Trading Commission’s power to regulate derivatives. The resulting bill helps big banks and the Koch brothers.
Exchange glitches, arrests, government crackdowns, and volatility haven’t been able to stop people wanting to get their hands on the bitcoin, and the CEO of BTC China Bobby Lee told RT the bitcoin revolution will be bigger than the Internet.
The world’s biggest bitcoin exchange by volume has reopened allowing yuan-to-bitcoin deposits. This goes against an order by the People’s Bank of China, which said all bitcoin trading should stop before the Chinese New Year, January 31.
Pricing probes have forced London’s biggest banks to consider a systemic overhaul of the dated practice of "fixing" gold prices, which sets spot pricing for the world’s $20 trillion physical gold market.