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China apos;s Corn Output To Fall After Typhoons Flatten Crops Damage...

2021-01-03T07:15:16Z

ReinaMcswain:

By Hallie Gu and Gavin Maguire BEIJING/SINGAPORE, Sept 16 (Reuters) - China's corn crop is expected to fall by up to 10 million tonnes, or nearly 4%, from the latest government estimates after heavy wind and rains toppled crops in major production areas in the northeastern cornbelt, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-huu-nghi-quan-nam-ninh-que-lam-4-ngay.html kynghidongduong.vn] analysts said. Expected production losses have pushed Chinese corn futures to a record high and stoked worries over supply shortages in the world's second-largest consumer of the grain after it ran down once-mammoth state stockpiles and boosted imports. "We think that corn output in the northeastern region would fall 5-10 million tonnes this (crop) year," said Zhang Dalong, analyst with COFCO futures, referring to the latest output estimate from the Ministry of Agriculture for the 2019/20 crop year of 260.7 million tonnes. "Impact on output and quality of the grain will be felt over the longer term," Zhang said. Three typhoons buffeted China's main corn belt of the provinces of Heilongjiang, Jilin, Liaoning and the Inner Mongolia region in late August and early September, flattening plants and flooding fields just as the corn crop reached maturity. "Flattened crops are not equal to no harvest, and you might recover some output if the crops get handled properly later," said Meng Jinhui, senior analyst with Shengda Futures. "But the cost of harvest will rise and there is increasing risk that the corn crops would lose their test weight while getting mouldy," said Meng, who gave an initial estimate that corn output in the northeastern region will drop by about 5 million tonnes. The crop losses come just as demand strengthens from a fast recovering meat production industry, fanning concerns about potential feed-sector shortages. The most active corn futures traded on the Dalian Commodity Exchange for delivery in January rose to a record 2,419 yuan ($357.16) per tonne on Monday. Betting on higher prices, grain traders in northeastern China have expanded storage capacity while farmers plan to hold off sales this year, according to Cofeed, an agriculture consultancy. Production losses in Heilongjiang, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-huu-nghi-quan-nam-ninh-que-lam-4-ngay.html tour du lịch quế lâm] China's top corn producing province, could be up to 20%, Cofeed said in a report, citing findings from a crop [https://www.kynghidongduong.vn/tours/tour-trung-quoc-huu-nghi-quan-nam-ninh-que-lam-4-ngay.html tour du lịch quế lâm] earlier this month. With domestic output falling, China is expected to import more from major suppliers like the United States. "We would need to buy more (corn)," said an executive with a state-owned agriculture trading company. Overseas corn "is cheap so it makes sense to buy. We don't have enough feed grains but can just buy," said the executive, who declined to be named as he was not authorized to speak to the media. ($1 = 6.7728 Chinese yuan renminbi) (Reporting by Hallie Gu in Beijing, and Gavin Maguire in Singapore; [http://www.answers.com/topic/Editing Editing] by Christian Schmollinger)

FBI Warns Of China-related Wire Transfer Fraud

2020-12-31T05:44:03Z

ReinaMcswain: Created page with "id="article-body" class="row" section="article-body"> Small and medi..."

id="article-body" class="row" section="article-body"> Small and medium-size businesses in the U.S. lost more than $11 million over the past year in online scams in which stolen banking credentials were used in fraudulent wire transfers to companies in China, the FBI said. There were 20 such incidents between March 2010 and April 2011, affecting companies and public institutions in the U.S. that tend to have accounts at local community banks and [https://www.kynghidongduong.vn/tours/tour-trung-quoc-huu-nghi-quan-nam-ninh-que-lam-4-ngay.html kynghidongduong.vn] credit unions, some of which use third-party service providers for online banking services, according to the agency. The amounts transferred at any one time ranged from tens of thousands of dollars to nearly $1 million. In most cases the criminals managed to compromise the computer of someone within a target company who could initiate funds transfers, according to a fraud alert issued by the FBI this week ([ PDF]). The victim either receives a phishing e-mail designed to trick the recipient into revealing online banking credentials or into visiting a Web site hosting malware that steals the information from the computer. When the victims try to log in to the bank site, they're redirected to a page saying the site is under maintenance while the criminals use the stolen log-in information to transfer money to a U.S. bank. The money is then transferred to a bank account owned by one of a number of "economic and trade companies" located in the Heilongjiang province in China and immediately withdrawn or transferred again, the FBI said. "It is unknown who is behind these unauthorized transfers, if the Chinese accounts were the final transfer destination, or if the funds were transferred elsewhere, or why the legitimate companies received the unauthorized funds," the FBI alert says. In addition to the unauthorized wire transfers, criminals also were found to be sending domestic Automated Clearing House and wire transfers to money mules in the U.S. within minutes of the overseas transfers, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-huu-nghi-quan-nam-ninh-que-lam-4-ngay.html tour du lịch quế lâm] according to the agency. It's unclear where that money ends up. The [http://www.dict.cc/englisch-deutsch/data%20stealing.html data stealing] malware used in the fraud includes Zeus, Backdoor.bot, and Spybot. Zeus can steal multifactor authentication tokens and enable criminals to log in to accounts with username, password, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-huu-nghi-quan-nam-ninh-que-lam-4-ngay.html tour du lịch quế lâm] and token ID during a user log-in session. Backdoor.bot has a worm, downloader, and keylogger and offers remote access to compromised computers. And Spybot is an IRC (Internet Relay Chat) backdoor Trojan that runs in the background and opens a back door to the compromised computer. [#comments Comments] [/tags/malware/ Malware] [/topics/security/ Notification on Notification off Security]

User:ReinaMcswain

2020-12-31T05:43:47Z

ReinaMcswain: Created page with "I'm Reina and I live with my husband and our 3 children in Festus, in the MO south area. My hobbies are Motor sports, Worldbuilding and RC cars. My site ... [https://ww..."

I'm Reina and I live with my husband and our 3 children in Festus, in the MO south area. My hobbies are Motor sports, Worldbuilding and RC cars. My site ... [https://www.kynghidongduong.vn/tours/tour-trung-quoc-huu-nghi-quan-nam-ninh-que-lam-4-ngay.html tour du lịch quế lâm]