Xinhua world economic news summary at 0900 GMT, Sept. 12
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ATHENS -- Greek Prime Minister Kyriakos Mitsotakis presented on Saturday evening the government's updated economic policy for the next few months, promising a new model of development that will be beneficial for all.
"Greece is changing" was the main slogan this year during the customary keynote economic policy speech at the 85th Thessaloniki International Fair (TIF), the country's largest annual trade fair held in the port city of Thessaloniki in northern Greece.
Voicing optimism about the prospects of the Greek economy, Mitsotakis said that the growth target for 2021 is revised to 5.9 percent from 3.6 percent. (Greece-PM-policy)
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DAMASCUS -- Syria's Oil Minister Bassam Tohme announced on Saturday that his country will be taking a certain amount of Egypt's gas as part of the agreement to facilitate the flow of gas from Egypt to Lebanon through Syria, according to the state news agency SANA.
The minister said this would help with the electricity generating process in Syria, which is suffering from the lack of electricity as a result of the sanctions and the U.S. occupation of key gas and oil fields in eastern Syria. (Syria-Egypt-Gas)
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CHICAGO -- CBOT agricultural futures dropped in correction in the past week as a result of Ida-induced infrastructure damages and neutral U.S. Department of Agriculture (USDA) reports, Chicago-based research company AgResource noted.
With export demand picking up and resuming operation of facilities in the Gulf, AgResource remains bullish for U.S. agricultural products.
Spot CBOT corn this week fell to test mid-winter lows as the USDA pegged new crop ending stocks at 1,408 million bushels, comparing to 2020-2021 stocks estimated at a similar 1,502 million bushels in the February World Agricultural Supply and Demand Estimates report. The market continues to trade USDA balance sheets in 30-day increments and USDA stocks/use will continue to guide weekly price determination throughout the 2021-2022 crop year. (US-Agricultural Futures) Enditem
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