Luckin Coffee Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian have handed over shares in the embattled Chinese coffee chain to lenders after a company controlled by Lu's family defaulted on a $518 margin loan, one of the banks said on Monday.
Luckin Coffee Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian have handed over shares in the embattled Chinese coffee chain to lenders after a company controlled by Lu's family defaulted on a $518 margin loan, one of the banks said on Monday.
Commodities index' will go miles and miles' toward telling us if we are headed for tough times, says Kimble. Investors say there's no one chart that will signal when the stock-market bottom is in. But technical analyst Chris Kimble argued Friday that an important tell could be offered by a commodity index that is testing a support level that has held for the past 40 years.
Migrant workers drawn by attractive pay are keeping Switzerland's asparagus supplies moving during the coronavirus crisis despite fears they could be kept out by border restrictions. Seasonal farm workers in Switzerland earn about 3,300 Swiss francs a month for a 55-hour work week, about half the national average in one of the world's most expensive countries.
Mandatory coronavirus quarantines of seasonal foreign workers in Canada could hurt that country's fruit and vegetable output this year, and travel problems related to the pandemic could also leave U.S. farmers with fewer workers than usual. Foreign labor is critical to farm production in both countries, where domestic workers shun the hard physical labor and low pay.
Switzerland faces a shortage of the raw material needed to make disinfectant to tackle the coronavirus pandemic after the country abandoned its emergency reserve of 10,000 tonnes of ethanol two years ago, newspaper Tages-Anzeiger reported on Monday. Switzerland keeps emergency stockpiles of everything from coffee, wheat, rice and cooking oil.
Most Brazilians do not favor President Jair Bolsonaro resigning despite mounting criticism of his handling of the coronavirus outbreak, according to a poll published by newspaper Folha de S.Paulo on Sunday.
Mexican tequila makers have sought to dispel concerns that their exports to the United States will dry up, after two large brewers in the country suspended production to comply with government rules put in place due to the new coronavirus.
USDA Confirms New Large Export Sale to China-- Market Talk. 09:29 ET- China has made a new commitment to purchase 567,000 metric tons of US corn, the USDA says Friday. Of that, 63,000 tons are set to be delivered to China in the 2019/ 20 marketing year, while the remaining 504,000 tons will be sent in the 2020/ 21 marketing year.
Wheat Rises on Russian Grain Quota. Wheat for May delivery rose 1.4% to $5.49 1/ 4 a bushel on the Chicago Board of Trade on Friday in response to the Russian government limiting grain exports due to coronavirus. Corn for May delivery fell 0.8% to $3.30 3/ 4 a bushel.
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