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Samsung Electronics rose 2%, and SK Hynix rose 0.5%.Futures News, July 14th - According to foreign media reports, ICE canola futures closed higher on Monday, with the benchmark contract rising 1.47%, mainly boosted by a sharp rise in international crude oil futures. US President Donald Trumps reinstatement of the blockade of Iranian vessels in the Strait of Hormuz triggered a surge in international crude oil futures. This followed military strikes by the US and Iran in the Middle East over the weekend. Continued rainfall across much of the Canadian Prairie may reduce the canola harvested area, with abandonment rates potentially exceeding the usual 1%. The Canadian dollar was almost unchanged on Monday afternoon, trading at 70.68 US cents per Canadian dollar.July 14 (Futures News) – According to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) closed sharply higher on Monday, with the benchmark contract rising 3.2%, reaching its highest level in over a month, following the surge in international crude oil futures. US President Trumps announcement that the US would reinstate a naval blockade against Iran reignited concerns about disruptions to energy transport through the Strait of Hormuz, pushing global benchmark September Brent crude futures up 9.59%, reaching their highest price since June 12.On July 14th, according to foreign media reports, most corn futures contracts on the Chicago Board of Trade (CBOT) closed higher on Monday, with the benchmark contract rising 0.5%, mainly reflecting concerns about hot and dry weather in the Midwest and a surge in crude oil futures. The benchmark December contract touched $4.695 during the session, its highest level since June 2nd. Weather forecasts indicate that the western Corn Belt will continue to experience hot and dry weather this week, potentially extending into next week. July is a crucial month for the corn crop, as most corn will enter the pollination stage at this time. The pollination period is a key stage in determining corn yield. The U.S. Department of Agriculture predicts that the average U.S. corn yield in 2026 will reach the second highest on record, at 183 bushels per acre, second only to last years record of 186.5 bushels. However, the continued high temperatures could affect the crops harvest prospects. One analyst stated that if this weather persists, a yield of 180 bushels per acre may be closer to reality. A decline in yield will suppress U.S. supply. He added that if the yield is below 180 bushels per acre, the U.S. corn supply will be very tight.Venezuelas chief economic advisor: We will release a sustainability analysis of the necessary debt restructuring in the coming weeks.

The Australian Authority Suspends Orders For Two Permanent Investment Funds

Charlie Brooks

Nov 25, 2022 14:27

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Friday, the Australian securities regulator ordered a unit of asset management firm Perpetual Ltd to temporarily halt promoting or delivering two products to individual investors due to elevated market risks.


Perpetual is aiming to conclude a deal with EQT-owned Barings Private Equity Asia (BPEA) and Regal Partners, while being compelled by the court to launch its own takeover proposal for rival Pendal Group.


The Australian Securities & Investments Commission (ASIC) has ordered Perpetual Investment Management's Perpetual Pure Microcap Fund and Perpetual Geared Australian Share Fund to halt distributing interest and giving advice to retail investors for 21 days.


According to the regulator, the portfolios of the funds are exposed to extreme market volatility and carry substantial risks, increasing the potential that investors would sustain enormous losses.


"ASIC issued the interim measures to protect retail investors from engaging in funds that may not be appropriate for their financial objectives, circumstances, or needs," the regulator noted.


"The Australian Securities and Investments Commission is concerned that Perpetual did not appropriately consider these features and risks when choosing the wide target markets for the products."


The government expects Perpetual to take "immediate measures" to ensure compliance.


Reuters requested a response from Perpetual but did not receive a prompt reply.