China Poised to Buy More U.S. Soybeans

China Poised to Buy More U.S. Soybeans

China bought U.S. soybeans for the first time in six months after U.S. President Donald Trump and his Chinese counterpart Xi Jinping met on Dec. 1 and set a 90-day negotiating window to resolve their trade differences.

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Indian Rupee Hits Record Low As Dollar Index Surges

Rupee Slump to Push India to Seek Yuan Trade Settlement

The plan would enable direct convertibility between the rupee and yuan and will help cut transaction and hedging costs, the people said, asking not to be identified citing rules. The proposal would allow Indian exports of pharmaceuticals, oilseeds and sugar to China to be settled in rupee, while keeping out trade in high volume products such as electronics, they said.

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