“Soyabean prices have been low as the crushing of our own crop was less due to higher imports of cooking oils. Low import duties and low prices in the international markets led to a substantial increase in the import of cooking oils,” said BV Mehta, executive director, the Solvent Extractors’ Association (SEA).
Big US bank stocks head for longest weekly losing streak since 2008
Major US banks are experiencing their longest weekly losing streak since the 2008 financial crisis, driven by mixed quarterly earnings and rising inflation. The KBW