KUALA LUMPUR/SINGAPORE (Aug 14):The worst may be over for palm oil prices as the U.S.-China trade could may boost demand, helping bring this year’s more than 10% slide to an end.
Palm oil tumbled along with soybean prices, after China imposed higher import tariffs on U.S. soy in an escalating trade dispute between the countries. But increasing biodiesel consumption in Indonesia and palm oil’s widening discount to soy means prices are now bottoming, according to Golden Agri-Resources Ltd, the world’s second-largest grower by area.
Tesla Inc. founder and Chief Executive Officer Elon Musk is facing a U.S. Securities and Exchange Commission inquiry into his bombshell tweet that he’s considering taking the company private. The regulator is likely honing in on his claim -- which Musk tried to clarify in a Monday blog post -- that he’d already secured funding for a potential buyout. Since the electric-car maker’s stock jumped after the Aug. 7 tweet, the SEC will probably want to know whether Musk was being accurate in claiming