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Tag Archives: China

Cattle prices falter despite good news


News that China is lifting a 13-year import ban on U.S. beef is not helping prices as much as some cattlemen would have hoped. Brian Williams, agricultural economist with the Mississippi State University Extension Service, said the news has not resulted in any long-term impact on cattle markets. “China was already importing beef from the U.S., primarily on the black ...

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International trade program connects Extension to China

Mississippi State University plant and soil sciences associate professor Guihong Bi, right, shows tomatoes being grown at a Shandong Shouguang Vegetable Industry Group greenhouse to MSU Extension agents, from left, Emily Carter, Lanette Crocker and Lisa Stewart on June 20, 2016. (Photo by MSU Extension Service/Nathan Gregory)

BEIJING, China — Expanding Mississippi agriculture requires getting to know potential markets, and a group of Mississippi State University Extension agents is seeing one of the largest in the world firsthand. A tour of Shanghai, Beijing and the Shandong Province is the last in a three-step international trade training program. In November, agents learned the basic principles of international trade. ...

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US stocks mostly higher as machinery, metals companies rise


Stocks are mostly higher Wednesday as machinery and chemicals companies get a boost from the weaker dollar. Metals prices are climbing. However phone companies and consumer stocks are lagging the market. KEEPING SCORE: The Dow Jones industrial average edged up 25 points, or 0.1 percent, to 17,962 as of 11:26 a.m. Eastern time. The Standard & Poor’s 500 index gained ...

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Stocks down nearly 200 in early trading

A board above the trading floor of the New York Stock Exchange.

A weak Chinese manufacturing survey weighed on U.S. and European markets on Tuesday, renewing concerns that the world’s second-largest economy might be slowing down. KEEPING SCORE: The Dow Jones industrial average lost 193 points, or 1.1 percent, to 17,696 as of 10 a.m. Eastern. The Standard & Poor’s 500 index lost 24 points, or 1.2 percent, to 2,057 and the ...

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Fed will likely keep rates unchanged in face of global slump


The U.S. job market is healthy. The stock market is up. Home prices are rising. Yet as the Federal Reserve prepares to meet this week, it seems in no mood to resume raising interest rates from ultra-lows. With the global economy struggling and U.S. inflation still below the Fed’s target rate, many economists see little likelihood of a rate increase ...

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Mississippi to benefit from Caterpillar cutbacks


By JACK WEATHERLY Cutbacks in some of Caterpillar Inc. operations – including the closing of five plants and elimination of 670 jobs  – and shifting some positions will be Mississippi’s gain. The Caterpillar remanufacturing plant in Corinth will gain jobs from work that had been done in Lafayette, Ind., according to the company’s website. The Corinth plant has approximately 800 ...

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Stocks open higher, led by gains in technology, energy


U.S. stocks are opening higher, led by gains in big technology companies, which have had a rough start to the year. Intel and Apple each rose 2 percent in early trading Tuesday, the biggest gains in the Dow Jones industrial average. Energy stocks also did well in the early going as the price of oil turned higher. It had slumped ...

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World could face months of Chinese market aftershocks


BEIJING —€” The latest trigger was currency jitters, but Thursday’s plunge in Chinese stocks was just one in a series of aftershocks from last year’s boom and bust that could shake markets for months to come. Investor anxiety over economic weakness and a possible glut of unwanted shares flooding the market have complicated Beijing’s efforts to withdraw emergency controls imposed ...

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Union says company will move work from China to Mississippi


AMORY — The United Steelworkers union says workers at the True Temper Sports plant in Amory have ratified a new contract with the sporting goods maker. The 200 workers at the plant make steel tubes used in golf club shafts and other items by the company, based in Memphis, Tennessee. Steelworkers District Director Daniel Flippo said Saturday that the contract includes ...

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From Australia to Zambia, slowing China economy causes pain

FILE - In this Wednesday, Nov. 4, 2015, file photo, a man is reflected on an electronic stock indicator of a securities firm in Tokyo. From Australia to Zambia, Chile to Indonesia, the pain of China’s sharp economic slowdown is being felt in the form of depressed commodity prices, elevated unemployment and shrunken home prices. (AP Photo/Shizuo Kambayashi, File)

China’s economic troubles have dropped on the doorstep of a sun-weathered house at 18 Edgar St. in Port Hedland on Australia’s northwest coast. Four years ago, the 50-year-old home, fabricated from cheap asbestos cement, sold for the equivalent of $1.3 million. It’s now for sale again — recently priced at $310,000. What happened to $1 million in home equity? It ...

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