There’s a high probability that OPEC will agree to extend crude production curbs aimed at draining excess global supply, according to Jeff Currie, head of commodities research at Goldman Sachs Group Inc. SEE MORE Iron ore is destined to retreat back below $50 a metric ton next year as supplies go on rising, according to the top forecaster, who warned that weakening prices will probably encourage the sale of inventories. SEE MORE Business communities play an important role in accelerating bilateral trade between Vietnam and China, said Huang Xiaohang, vice chairman of the China Council for the Promotion of International Trade under the Zhejiang Provincial Committee (CCPIT Zhejiang). SEE MORE China's yuan slipped against the U.S. dollar on Wednesday and fell to a record low against a basket of currencies after the central bank set a weaker midpoint, but tightening liquidity was expected to limit losses. SEE MORE Southeast Asian countries will prioritize creating an Asia-focused trade pact this year that includes China, India and Japan, while trade issues with the United States will be put on the back burner, the Philippine trade minister said. SEE MORE