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Finance & Markets

China Books 120,000 Tons of French Wheat as Global Prices Slump

At least 120,000 tons of French wheat was booked for China last week, according to people familiar with the matter, signaling that a major buyer is snapping up the grain after a slump in global prices.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Gulf markets rise as investors assess Iran war, shipping risks

Most Gulf markets ended higher on Wednesday, as investors weighed hopes for a pause in the US-Israeli war on Iran against anxiety about shipping risks in the Strait of Hormuz. Investors were assessing signs of de-escalation against shipping risks, but recent strikes on tankersin the Strait and on regional energy infrastructure suggested…

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