Corn falls after farmers planted most in a single week

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Source: Bloomberg
© Scanpix/RS
Corn traded in Chicago dropped for the third successive day on Wednesday amid boosted optimism that record production will be reached spurring global supplies as U.S. farmers planted 43% of this year's intended area in a single week. Corn for July settlement fell 0.4% to $6.3775 a bushel on the CBOT and was traded at $6.385 at 2:09 p.m. Singapore time.

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Wed, 22 May 2013 14:14:27 GMT

South Korean short-term debt falls to a 7-year low

South Korean short-term foreign debt decreased to the lowest figure since the Q4 of 2006 largely due to weaker Korean Won and curbed credit lean demand from exporters, a data unveiled by the Bank of Korea revealed on Wednesday. Short-term foreign debt dropped by $4.5 billion to a level of $122.2 billion in the first three months of 2013, while

Wed, 22 May 2013 14:16:36 GMT

Vietnam is unlikely to cut rates further

The Vietnamese central bank's Deputy Governor said that it is unlikely that the rates will be cut again this year, despite slowing economic activity in the country. He cited possibility of increased inflation as his motivation not to act; however, Vietnam affirms its plan to cut interest rates by 2% each year. After the last cut on May 13, the

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