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  • US Drought Driving Record Prices for Soybeans, Maize

    Maize and soybean prices set new records as drought continues to spread across the American Midwest. Higher food prices are expected to follow, and the U.S. meat industry will be especially hard hit. Maize traded above $8 a bushel (per 25 kilograms)...

  • U.S. initial jobless claims rebound aggressively on seasonal factor

    WASHINGTON, July 19 (Xinhua) -- The number of Americans initially applying for unemployment aid last week rose sharply after hitting a record low since mid-May in the previous week, the U.S. Labor Department reported Thursday. The figure for seasonal...

  • Swedish striker Ibrahimovic joins Paris Saint-Germain

    PARIS, July 17 (Xinhua) -- French top ligue club PSG signed Italy-based striker Zlatan Ibrahimovic, the second main face recruited after the Brazilian defender Thiago Silva, local media reported on Tuesday. Citing Leonrado, the PSG football director,...

  • Yaitai beats Shenhua 5-3 on penalties in Chinese FA Cup

    CHANGCHUN, China, July 18 (Xinhua) -- Changchun Yatai beat Shanghai Shenhua 5-3 on penalties in the fourth round of Chinese Football Association Cup here on Wednesday. However, Drogba from Shenhua still didn't play. Drogba's coming attracted over 20,...

  • American boxer Weidman sets sights on Brazilian champion Silva

    RIO DE JANEIRO, July 18 (Xinhua) -- American Chris Weidman wants to challenge Brazilian champion Anderson Silva for the UFC world middleweight title, local media reported Wednesday. The 28-year-old continued his undefeated UFC record last week by def...

  • Chile playmaker Valdivia commits to Palmeiras

    RIO DE JANEIRO, July 18 (Xinhua) -- Chile international midfielder Jorge Valdivia has ended speculation about his future by agreeing to remain at Brazilian club Palmeiras for at least another year. Valdivia vowed never to play in Brazil again after h...

  • 67th Bregenz Festival launched by Austrian President

    VIENNA, July 18 (Xinhua) -- Austrian President Heinz Fischer on Wednesday opened the 67th annual Bregenz Festival, which will feature 80 opera, orchestral concerts, music and poetry, and drama activities this year under the theme of Memories of the F...

  • China to continue supporting WHO work

    BEIJING, July 18 (Xinhua) -- China will continue to support the work of the World Health Organization (WHO) and its chief Margaret Chan Fung Fu-chun, Vice Premier Li Keqiang said Wednesday during a meeting with Chan. Li said that in the last three ye...

  • China issues first public services plan

    BEIJING, July 18 (Xinhua) -- The State Council, or China's cabinet, has issued the first national plan for public services, the country's top economic planning agency said Wednesday. The government will intensify its efforts to improve basic public s...

  • Foreign banks see record profits in China despite economic slowdown

    BEIJING, July 17 (Xinhua) -- Global banks posted record profits from their Chinese operations last year, with many foreign lenders expecting annual growth of about 20 percent up till 2015, according to a survey released Tuesday by PricewaterhouseCoop...

  • IMF: Eurozone Crisis at 'Critical Stage'

    The International Monetary Fund says the eurozone's debt crisis has reached a critical stage, and that European leaders need to move quickly toward greater financial unity. The IMF's executive board said Wednesday that the 17-nation currency union ne...

  • U.S. agriculture suffers worst drought in 25 years

    WASHINGTON, July 18 (Xinhua) -- U.S. farming heartland had been suffering from the worst drought in 25 years, Agricultural Secretary Tom Vilsack said Wednesday, after meeting with President Barack Obama to discuss a response to the disaster. Three fi...

  • Somalia's Olympians leave Mogadishu for London Games

    MOGADISHU, July 17 (Xinhua) -- The two athletes that will represent Somalia in the Olympics left Mogadishu for London to attend the Games which will open later this month. At a rapturous send-off ceremony, Zamzam Mohamed Farah and Mohamed Hassan Moha...

  • Guerrero promises maturity and goals at Corinthians

    RIO DE JANEIRO, July 17 (Xinhua) -- Former Bayern Munich and Hamburg striker Paolo Guerrero has vowed not to let his renowned fiery temperament overshadow his performances for new club Corinthians. Guerrero gave his first official press conference to...

  • Chelsea set to announce deal for Brazil starlet Oscar

    RIO DE JANEIRO, July 17 (Xinhua) -- Chelsea is this week expected to confirm the signing of Brazilian starlet Oscar after the midfielder underwent a medical with the European champion on Tuesday. The 20-year-old's club Internacional is understood to...

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