ICE sugar down, cocoa eases on harvest pressure The Guardian * Coffee weighed by prospect of big crop in Vietnam * W. Africa harvest pressure drags on cocoa By David Brough and Nigel Hunt (Adds trade comment, byline, updates prices) LONDON, Nov 13 (Reuters) - ICE raw sugar, cocoa and coffee futures inched lower on light investor and origin selling on Friday, ...
Cadbury's future hangs in balance with takeover bid from Kraft expected The Observer | After 195 years as a successful and much-loved British company the future ownership of Cadbury hangs in the balance ahead of an expected formal takeover offer from US food company Kraft tomorrow. | The firm behind Dairy Milk, Jelly Babies and Bassett's Allsorts has for the past two months rejected...
Gold sparkles, hitting historic peak above 1,123 dollars The Himalayan | LONDON: Gold blazed a record-breaking trail above 1,123 dollars this week due to buoyant equities and the weak greenback, which makes it cheaper for buyers using stronger currencies and tends to boost demand. | Elsewhere, crude dived close to one-m...
Ivory Coast cocoa arrivals sharply higher The Guardian * Data confirm better-than-forecast start to season * Current weather balance critical to rest of main crop (Adds further details and quotes) By Ange Aboa ABIDJAN, Nov 13 (Reuters) - Cocoa arrivals at ports in top grower Ivory Coast exceeded 200,000 ...
BoG to sanction seven banks Modern Ghana Seven commercial banks in 2007 failed to disclose their non-traditional export earnings as required by the Foreign Exchange Act 2006 (Act 723). | By this, they impeded the effort of the Bank of Ghana (BoG) to effectively monitor foreign exchange proc...
'EU Anti-Nigeria Industry Strategy Threatens Cocoa Processing' All Africa The anti-Nigeria industry strategy of the European Union (EU) is threatening the survival of Cocoa processing in the country, the Cocoa Processors Association of Nigeria (COPAN) has said. | ...
BoG to sanction seven banks Joy Online Seven commercial banks in 2007 failed to disclose their non-traditional export earnings as required by the Foreign Exchange Act 2006 (Act 723). | By this, they impeded the effort of the Bank of Ghana (BoG) to effectively monitor foreign exchange proc...
Gold prices dip as dollar strengthens The Boston Globe | NEW YORK-Gold prices broke an eight-day streak of gains Thursday, retreating from record levels as the dollar recovered some lost ground against other currencies. | Oil prices fell sharply after a government report reinforced that energy demand is ...
COCOBOD probes disappearance of 3000 bags of cocoa Modern Ghana The Ghana Cocoa Marketing Board (COCOBOD) has set up a committee to investigate the circumstances under which 3000 bags of cocoa, valued at GH¢300,000 got missing from its warehouse during the last season. The paper learnt that the disappearance was ...
Callebaut cuts mid-term targets as FY net up 10.5 pct The Guardian * 2008/09 net profit rises 10.5 percent to 227 million Sfr * Average forecast for net was 222 million Sfr * Lowers three-year financial targets (Adds details, background) ZURICH, Nov 12 (Reuters) - Barry Callebaut, the world's largest chocolate maker...
With Americans continuing to use less, oil prices slump to lowest level in a month Star Tribune | NEW YORK - Oil slid Friday to its lowest price in a month as investors started to pay more attention to a yearlong slump in American energy demand. | For most of the year, oil prices surged as investors pumped money into crude contracts to protect themselves from a weakening dollar. Oil was thought of as a safe bet with demand expected to rise ne...
Wall Street eyes US consumer to keep rally going Inquirer | NEW YORK – A resurgent Wall Street will keep a close eye on the state of the US consumer in the coming week for signs of a stronger economic recovery heading into the year-end holidays. | With a critical report on US retail sales looming, the stock market has rallied over the past two weeks to near the highs of 2009, but may need a new spark to e...
