By Ange Aboa ABOISSO, Ivory Coast (Reuters) – Ivory Coast has stopped selling contracts for cocoa exports for the 2023-2024 season after heavy rains battered and flooded farms in the world’s top cocoa-producing nation in recent weeks, the head of the country’s cocoa sector regulator told Reuters. With cocoa prices currently at record levels due…
By Fabian Cambero SANTIAGO (Reuters) – Now that Chile has passed an increase in mining royalties, copper miners are pushing for incentives to keep investing in production of the metal needed for the renewable energy revolution, with steps such as cuts in energy costs, speeded-up permit approvals and other incentives. Beginning in 2024, mining royalties…
MILAN (Reuters) – Stellantis will build the new Jeep Compass, one of the carmaker’s bestsellers in Europe, as the fifth model for its Melfi plant in southern Italy, two sources close to the matter told Reuters on Thursday. The new model will be a development from the Compass SUV the Franco-Italian group currently produces in…
By Andy Bruce and William Schomberg LONDON (Reuters) -Britain’s economy shrank by less than expected in May despite a bank holiday to mark King Charles’ coronation and strikes, suggesting a widely forecast recession caused by high inflation and surging interest rates was not already under way. Economic output fell 0.1% in May from April, the…
By John McCrank and Michelle Price WASHINGTON (Reuters) – Partnering with Coinbase Global may hinder rather than help Nasdaq’s bid to win regulatory approval for a bitcoin exchange-traded-fund it wants to launch with BlackRock. Nasdaq last month filed a proposal with the U.S. Securities and Exchange Commission (SEC) to launch an ETF by BlackRock that…
A look at the day ahead in U.S. and global markets from Mike Dolan Surprise news of a 2%-plus print on U.S. headline inflation rate for June has world markets betting the peak of the Federal Reserve’s interest rate campaign will now be this month. Although rounded up to 3.0% for official purposes, the annual…
By Giuseppe Fonte ROME (Reuters) – Italy is looking to boost the ability of listed companies to issue shares with enhanced voting rights, a Treasury official said on Thursday, as part of efforts to stop a steady flight of businesses from Milan to the Netherlands. Such an option, however, will be considered as long as…
By Guy Faulconbridge and Vladimir Soldatkin MOSCOW (Reuters) – Russian Foreign Minister Sergei Lavrov said on Thursday that he had not heard of any new proposals on the Black Sea grain deal which expires next week but was working with Turkey on ways to ensure Russian grain exports regardless of any deal. U.N. Secretary-General Antonio…
By Joe Cash and Ellen Zhang BEIJING (Reuters) -China’s exports fell last month at their fastest pace since the onset three years ago of the COVID-19 pandemic, as an ailing global economy puts mounting pressure on Chinese policymakers for fresh stimulus measures. Momentum in China’s post-COVID recovery has slowed after a brisk pickup in the…
By Shivangi Acharya and Sarita Chaganti Singh NEW DELHI (Reuters) – Global finance chiefs will meet in India next week to discuss increasing loans to developing nations from multilateral institutions, reforming the international debt architecture and regulations on cryptocurrency, Indian officials said. The finance ministers and central bank governors from the Group of 20 (G20)…
