Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative 
Vietnam is buying rice from rival producer India for the first time in decades, importing 70,000 tons of 100 percent broken rice for January and February shipments, after local prices peaked in nine years.
Dwindling supplies and continued purchases from the Philippines pushed Vietnamese rice export prices.
The transaction is for around $310 per ton on a free-on-board (FOB) basis.
Vietnam's 5 percent broken rice costs $500 to $505 per ton, significantly higher than Indian prices of $381 to $387.
According to B.V. Krishna Rao, president of the Rice Exporters Association, Indian prices are very attractive making exports possible.
A rice trader based in Ho Chi Minh City noted that rice imported from India is mainly used for animal feed production and breweries.
The total paddy output of Vietnam, the world's third-biggest rice exporter, dropped by 1.85 percent in 2020 to 42.69 million tons, equivalent to around 21.35 million tons. Its rice exports in 2020 were forecast to have dropped by 3.5 percent to 6.15 million tons.
Rice prices of India, the world's biggest rice exporter, were also increasing due to robust demand from Asian and African countries but remained very competitive due to ample stocks.
China, the world's biggest rice importer, bought Indian rice for the first time in at least three decades because of tightening supplies from Vietnam, Thailand, and Myanmar and sharply discounted prices.
India exported a record 14 million tons of rice in 2020.
