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Soy grown illegally on Brazil's tribal lands finds its way to global markets

Farm cooperatives in Brazil that supply some of the world's biggest multinational agricultural firms are buying soybeans grown illegally on Indigenous reservations in the country, according to tribal leaders and court records, despite the companies' public pledges to respect the land rights and resources of Indigenous peoples. The expansion of commercial farming onto Indigenous lands, which make up about 13% of Brazil's territory, has stirred division and violent conflicts in scores of communities, according to the federal police, the Catholic Church's Indigenous Missionary Council and the Brazilian government agency overseeing Indigenous affairs, FUNAI. Brazil's constitution set aside lands for the exclusive use of Indigenous communities while a 1973 law outlaws renting these lands or forming partnerships to grow commercial crops.

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Stocks Pause Days of Losses Ahead of US Jobs Data: Markets Wrap

(Bloomberg) -- Global equities steadied after days of declines as uncertainty over the health of the US economy and the pace of possible Federal Reserve interest rate cuts persist.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsEurope’s Stoxx 600 index was little changed, with chemical stocks and miners posting the biggest losses after iron ore fell to the lowest since 2022.

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Gold Rises as Market Looks Ahead to US Payrolls Data

(Bloomberg) -- Gold rose slightly, as the market looks to US labor data this week for clues on how aggressive the Federal Reserve’s imminent rate-cutting cycle will be.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsBullion has traded in a narrow range around $2,500 in recent days. It edged higher Wednesday following a report that showed US job openings fell in July to the lo

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Asian stocks mixed after Wall Street extends losses as technology and energy stocks fall

Asian markets were mixed Thursday following a global sell-off a day earlier, as Wall Street declined in the technology, energy and other sectors. Japan’s benchmark Nikkei 225 slipped 1.1%, and closed at 36,657.09. Data released Thursday showed Japan's wage growth remains strong, as average cash earnings in July grew 3.6% year-on-year, beating market expectations, while real earnings unexpectedly increased by 0.4% in July, increasing the likelihood of another rate hike.

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