Din Tai Fung, a restaurant in Shanghai’s Xintiandi district, is famous for its steamed pork dumplings. The pigs that keep those dumplings on the table are fattened with corn -- much of it imported from the U.S.
Pickup trucks lined a stretch of gravel road where 150 farmers mingled between 7-foot tall cornstalks and shimmering soybeans to see which of their wealthy brethren would bid on a swath of Iowa’s richest cropland. This was a farm -- table-flat and 314 acres -- so coveted that it drew three times the usual land-sale crowd.
Swiss central bank interim chief Thomas Jordan said the bank will continue to enforce the limit of 1.20 francs per euro after temporary breaches of the ceiling raised doubts about its willingness to defend it.
The franc weakened after Swiss Central Bank Vice President Thomas Jordan said a temporary franc peg is within the range of options that policy makers could use to stem the currency’s record-breaking rally.
Swiss central bank Vice President Thomas Jordan said the franc’s renewed ascent against the euro is posing a threat to economic growth this year, signaling fresh concern about the currency. The franc dropped