NEW YORK (Reuters) -Global arabica coffee prices hit record highs above $3.60 per lb on Wednesday as Brazil, by far the world’s largest producer, has few beans left to sell and as worries over its upcoming harvest persist. Dealers said 70%-80% of Brazil’s current arabica harvest has been sold and new trades are slow. Brazil …
Coffee prices surge to record highs above $3.60 per lb Read More »
(Reuters) – Grains trader Archer-Daniels-Midland on Wednesday named Carrie Nichol as its chief accounting officer, effective March 1, 2025, as the company continues to grapple with accounting irregularities. Nichol previously headed accounting operations at global trading house and ADM competitor, Cargill. She will succeed ADM’s corporate controller Molly Fruit, who will be transitioning into another …
ADM taps industry veteran to lead accounting amid irregularities Read More »
MEXICO CITY (Reuters) – Mexico’s economy likely contracted from October to December, marking the first quarterly decrease in more than three years, a Reuters poll showed on Wednesday. The median forecast from 11 analysts estimated a 0.2% decline in gross domestic product from the third quarter to the fourth quarter, using seasonally adjusted figures. If …
Mexico’s economy likely shrank in fourth quarter: Reuters poll Read More »
By Mike Dolan LONDON (Reuters) – The Federal Reserve will probably keep its distance from the DeepSeek saga during its policy meeting this week, but the U.S. central bank has good reason to keep very close tabs on any artificial intelligence wobble on Wall Street. One of the curious things about the Nvidia-led plunge in …
Maybe Fed should fret a bit about an AI wobble: Mike Dolan Read More »
(Reuters) -Sweden’s SSAB posted fourth-quarter operating profit well above analysts’ estimates on Wednesday, helped by resilient demand for its high-strength steel and other premium products despite generally weak markets in Europe and North America. Shares of the Swedish steelmaker lost some of their early gains and were trading 1% higher by 1028 GMT. Kicking off …
SSAB profit beats analysts’ estimates on demand for premium steel products Read More »
By Leika Kihara TOKYO (Reuters) -Some Bank of Japan policymakers began to lose faith in the power of former Governor Haruhiko Kuroda’s “bazooka” stimulus less than two years after its introduction, with a decision to ramp up the programme in 2014 made by a narrow 5-4 vote, according to a full account of the deliberations …
Kuroda’s ‘bazooka’ was losing fans within BOJ by time it was expanded, minutes show Read More »
(Reuters) – Most Gulf stock markets opened lower on Wednesday due to lacklustre corporate earnings, although the Saudi index rose on strong gains by Al Rajhi Bank. Dubai’s main share index dropped 1%, dragged down by an 8.6% slide in top lender Emirates NBD (ENBD), on course to post its biggest intraday fall in nearly …
Major Gulf markets fall on weak earnings; Al Rajhi Bank lifts Saudi index Read More »
By Shivangi Acharya NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi may seek to shore up faltering economic growth, placate a middle class squeezed by high prices and low wage growth, and prepare for an uncertain year of global trade in the nation’s budget this week. Finance Minister Nirmala Sitharaman will present the budget …
India’s Modi may tackle economic slowdown, impending trade turmoil in annual budget Read More »
STOCKHOLM (Reuters) – Sweden’s gross domestic product grew 0.2% in the fourth quarter from the previous three-month period, a flash estimate from the statistics office showed on Wednesday. In the month of December alone, the economy grew 0.7%. Against the same period a year earlier, the economy expanded 1.1% during the last three months of …
Swedish economy grows 0.2% in Q4, flash figures show Read More »
CANBERRA (Reuters) – The lifting of trade tariffs by China triggered a surge in Australian wine exports last year, but it is unclear whether Chinese demand will remain strong after buyers have restocked, an industry body said on Wednesday. Meanwhile, exports to the rest of the world continued to decline as high inflation and worries …
Falling consumption threatens Australia’s wine export rebound, industry body says Read More »
