Latest news with #Linn
Mint
3 days ago
- Business
- Mint
Wheat, soy and corn bounce off lows as demand stirs
Strong export sales data boosts wheat, corn and soy futures Recovery also fuelled by short covering and technical trading (Updates for market open, changes dateline from PARIS/CANBERRA to CHICAGO) CHICAGO, Aug 7 (Reuters) - Chicago Board of Trade wheat rebounded on Thursday after hitting a five-year low on Wednesday, and corn recovered from previous contract lows as chart support and signs of new export demand countered the pressure of ample supplies, traders said. Soybeans also edged up from a four-month trough as low prices stirred demand for the oilseed. Abundant supply expected from Northern Hemisphere wheat harvests and autumn corn and soybean harvests in the United States drove a sell-off the previous day. The most active wheat contract on the Chicago Board of Trade (CBOT) was up 10-1/2 cents to $5.19 as of 10:30 a.m. CT (1530 GMT). The benchmark had fallen to its lowest since August 2020 on Wednesday at $5.04 but held above the $5 floor. "We're getting a corrective bounce with a boost from strong export numbers, which are a function of cheaper prices," Terry Linn, a broker at Linn & Associates, said. CBOT December corn was up 5 cents to $4.06-1/4 per bushel, after most corn contracts hit lifetime lows the previous day. Weekly U.S. export sales, reported by the U.S. Department of Agriculture on Thursday, showed wheat, corn and soybean volumes above market estimates. That bolstered expectations that the recent price drop, coupled with weakness in the dollar, has made U.S. crops attractive for export. The U.S. is expected to produce bumper corn and soy harvests later in the year. Analysts polled by Reuters think the U.S. Department of Agriculture will raise its estimates in a monthly report due on August 12. CBOT soybeans were last up 7-1/4 cents to $9.91-1/2 a bushel to recover from their lowest level since April struck a day earlier. Fund short covering and an uptick in demand helped fuel price recovery, traders and analysts said. "U.S. soybeans are the cheapest in the world clear out through the fall and non-Chinese buyers are scooping them up," Linn said.
RTHK
11-07-2025
- Business
- RTHK
Northern Metropolis tendering could start in October
Northern Metropolis tendering could start in October Bernadette Linn says two sites, in Hung Shui Kiu Ha Tsuen and Fanling North, will both be tendered this year, but not simultaneously. Photo: RTHK Secretary for Development Bernadette Linn says tendering for two major land parcels in the Northern Metropolis project will begin as early as October. In an interview with RTHK marking her third year in John Lee's administration, Linn added that the sites, in Hung Shui Kiu Ha Tsuen and Fanling North, will both be tendered this year, but not simultaneously. She said this is to ensure interested parties have ample time to adjust their proposals after the first contract has been awarded. The development chief also dismissed concerns about the possibility of a failed tender, noting that her bureau is now refining the tender terms. 'When we sought expression of interest for the project, we expected the company to complete the pilot area's development within six years. This includes site formation, and the construction of roads and buildings," she said. "But from the feedback we received, many felt that the six-year goal was too ambitious, with many asking for a longer time frame. This is one of the areas that we will think through." Even if the project timeline is extended to beyond six years, developers would still be required to prioritise construction of public infrastructure, Linn added. The government has also mentioned plans to directly secure land for certain "advantageous businesses" that are beneficial to Hong Kong's economic development without tenders. The administration can grant land to enterprises or institutions with specific approval by the Executive Council or delegated authorities on a case-by-case basis by way of private treaty grant. Linn said given the Northern Metropolis project's emphasis on industrial development, the number of such applications is expected to rise, pointing to a need to study new mechanisms to streamline the process. She stressed that granting land without a tender would not compromise the transparency of the government's work, noting that the mainland and Singapore have similar measures in place to attract businesses.
Hindustan Times
02-07-2025
- Entertainment
- Hindustan Times
Who is Kate Linn? Singer behind viral Spanish anthem Dame Un Grrr
Dame Un Grrr, released on June 20, has taken social media by storm, with over six million TikTok users using the sound for their videos. The viral track has been climbing streaming charts globally. It is a playful blend of energetic dance beats and catchy hooks. Released under Universal Music Romania and Creator Records, the song, which stands out with its signature 'grrr,' is a collaboration between Kate Linn and Fantomel. Kate Linn's latest track, Dame Un Grrr, has gone viral on TikTok(Instagram/ @katelinnofficial) Kate Linn, whose real name is Catalina Ioana Oteleanu, is a Romanian pop singer known for fusing pop with Balkan and global influences. She has been active in the Southeastern European and Middle Eastern music scenes for years. Prior to her latest viral hit, Linn had made headlines for releasing popular tracks like Your Love (2017), Thunderlike (2018) and Chiki Chiki (2022). She has also collaborated with artists like Chris Thrace and Anthony Keyrouz. Fantomel, Linn's collaborator on the Dame Un Grrr, is known for his masked persona and genre-bending production. His mysterious image and beat-heavy music made him a perfect match for Linn's infectious energy. The TikTok effect: Dame Un Grrr's viral success and the 'claw' dance On TikTok and Instagram, Dame Un Grrr has turned into a trend magnet. From makeup transitions to choreographed dances, creators are all over it. The standout move? A playful claw gesture that matches the song's unique rhythm. A sound rooted in culture Linn's success is not just about going viral; it is about staying true to her roots. Growing up in Romania, she was surrounded by Balkan folk and modern pop. The star's culture shines bright in her music, with her unique style resonating with fans all over the world. ALSO READ: US TikTok users get bombarded with Chinese influencer videos mocking tariffs FAQs: Q1: What does 'Dame Un Grrr' mean in English? The title roughly translates to 'Give me a grrr.' Q2: Who are the artists behind Dame Un Grrr? The song is by Kate Linn and Fantomel. Both are known for blending global sounds with pop music. Q3: Why is Dame Un Grrr trending on TikTok and Instagram? Its fun beat, catchy hook, and viral 'claw' dance have made it a hit among TikTok and Instagram users. Q4: Where is Kate Linn from? Kate Linn is from Romania and has been active in the Southeastern European and Middle Eastern music scenes.
RTHK
28-06-2025
- Business
- RTHK
Northern Metropolis tender details in progress: Linn
Northern Metropolis tender details in progress: Linn Development chief Bernadette Linn says the focus is on developing the Northern Metropolis. File photo: RTHK Authorities are hammering out details before putting one or two sizeable land parcels in the Northern Metropolis project up for tender in the second half of 2025, development chief Bernadette Linn said on Saturday. The minister said officials are prioritising development in the northern New Territories, while brushing aside calls to shelve the Kau Yi Chau Artificial Islands project. "The economy is growing steadily, and the government hopes that all sectors will focus on development in the Northern Metropolis. We have made it clear that we don't have a specific timetable for the Kau Yi Chau Artificial Islands plan, and we are slowing down," Linn told a Commercial Radio programme. "In terms of the word 'shelve', if it means we will never continue with it, I think the government should have the lead in land development and we should not casually say we will never do something in the future." The administration had earlier received submissions from both local and mainland firms expressing an interest in developing the three large-scale land parcels in the Northern Metropolis project. "We are now analysing and preparing detailed terms of the tender, with the goal of starting the bidding process for at least one or two land parcels in the latter half of the year," she said. On plans to develop three major ecotourism projects in outlying islands and coastal areas, Linn said the plan to transform the ex-Lamma Quarry site might be the first on the list. Authorities aim to complete the area's land use planning in the first half of next year, before starting the tendering process, she said. The other two plans include developing a new Eco-Recreation Corridor in South Lantau, and creating ecotourism nodes at Tsim Bei Tsui and Pak Nai.
HKFP
24-06-2025
- Politics
- HKFP
‘Soft resistance' may arise during Hong Kong development, official warns
Hong Kong needs to guard against 'soft resistance,' which may emerge during the city's development process, a government official has warned. 'Soft resistance' may arise in areas such as land development, compensation for resettlement, and reclamation projects, Secretary for Development Bernadette Linn told Beijing-backed newspaper Wen Wei Po in an interview published on Sunday. The development chief was among high-ranking officials who gave media interviews addressing 'soft resistance' and national security concerns in recent days, ahead of the fifth anniversary of the Beijing-imposed national security law on Monday next week. Linn said the Development Bureau must 'think from the national security perspective' in its work and make 'timely clarifications' when misunderstandings about the government's development plans arise. She cited the San Tin Technopole development plan, which has drawn concerns from environmental groups over its impact on what they described as the largest remaining intact coastal wetland ecosystem in the Greater Bay Area. The tech hub's planning zone, which was expanded in May 2023 to over 600 hectares, involves wetlands, and thus the project would 'easily provoke opposition' from environmentalists, Linn said. 'The process of development may easily stir up different emotions and opposition. Some objections are reasonable, some arise from misunderstandings, and some are deliberately manufactured with ill intent. We have to handle it carefully,' the minister said. Linn went on to say that reclamation development in the city was often met with 'soft resistance,' citing the amendment to the Protection of the Harbour Ordinance, which was passed by the city's opposition-free legislature last month. The new law made it easier for the government to create new land through reclamation in the city's famed Victoria Harbour despite objections from environmental activists. Without naming a group, Linn said in Sunday's interview that some organisations had spread 'false images' online claiming that the government planned large-scale reclamation in Victoria Harbour. She said the government had issued a 'timely rebuttal,' adding that the claims were not misunderstandings but rather 'deliberate provocation.' In January, the Development Bureau issued a statement on social media to 'seriously refute misleading remarks by the Society for Protection of the Harbour.' The statement came hours after the environmental group held a press conference expressing opposition to the ordinance amendment. Its representatives, including harbour protection advocate Paul Zimmerman, questioned whether the legal amendment paved the way for large-scale reclamation and raised concerns that Victoria Harbour could become 'Victoria River.' The bureau rejected the group's claims, saying they were 'factually incorrect.' The bureau also accused the group of using 'fictitious images' to support its claims. In a press release issued by the Society for Protection of the Harbour in July, the group included an image of Victoria Harbour alongside the slogan 'Save Our Harbour' and the phrases 'Stop Reclamation' and 'Danger.' The same image was shown at the group's press conference in January. Since 2021, government officials have cited 'soft resistance' as a threat to national security, although they have not provided a clear definition of the term. The phrase was repeatedly used by government officials in their recent media interviews leading up to the national security law anniversary. Last week, Secretary for Culture, Sports and Tourism Rosanna Law said the government will strictly vet applications for event subsidies and performance venues, as well as exhibition content and library collections, to prevent 'soft resistance.' Monday, June 30, marks five years since the national security law came into effect. The legislation was inserted directly into the Basic Law, Hong Kong's mini-constitution, in 2020 following months-long pro-democracy protests and unrest. It criminalised subversion, secession, collusion with foreign forces and terrorist acts – broadly defined to include disruption to transport and other infrastructure. The move gave police sweeping new powers and led to hundreds of arrests amid new legal precedents, while dozens of civil society groups disappeared. The authorities say it restored stability and peace to the city, rejecting criticism from trade partners, the UN and NGOs.
