Global Markets: Hurricane Florence wreaks havoc on U.S. crops

By Dave Sims, Commodity News Service Canada

WINNIPEG, Sep. 21 (CNS) – Hurricane Florence has cost
farmers in the Carolinas US$125 million in damages so far,
according to the state government. Cotton, corn, tobacco and
peanut crops all suffered heavy damage from strong winds and wet
soil. The storm occurred during harvest for many producers,
which added to the turmoil.
Japan’s digital currency exchange was hacked recently in an
affair that netted the perpetrators US$60 million. According to
Tech Bureau Corp, the server for the exchange was the subject of
an attack for two hours last week. The money was taken out of
the place in the server where digital coins were stored.
Global stocks were on the rise Friday morning after new
data surfaced showing a spike in Japanese manufacturing. The
country’s purchasing manager’s index jumped to its highest point
in three months on the strength of new orders. The Shanghai
Composite Index and Hong Kong Hang Seng exchange both reported
strong gains in early trading while the Dow Jones and S&P 500
set new records.

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