World Business News

StanChart sees drop in sugar prices, upbeat on coffee

Reuters - Tuesday, November 24

SINGAPORE, Nov 24 (Reuters) - Sugar prices may slip next year as a recent rally to 28-year highs appears to be running out of steam, while arabica coffee prices are expected to get a boost due to supply concerns in South America, Standard Chartered Plc <STAN.L> said on Tuesday. More »

  • Idemitsu restarts 160,000 bpd CDU after maintenance

    Reuters - Tuesday, November 24

    TOKYO, Nov 24 (Reuters) - Idemitsu Kosan Co <5019.T>, Japan's third-largest refiner, said on Tuesday it restarted a 160,000 barrels-per-day (bpd) crude distillation unit (CDU) at its Aichi refinery in western Japan on Nov. 21 after scheduled maintenance.

  • ADB economist: sensible to limit short-term inflows

    Reuters - Tuesday, November 24

    SINGAPORE, Nov 24 (Reuters) - The Asian Development Bank (ADB) said on Tuesday it makes sense for Asian governments to try to control short-term capital inflows that would undermine the sustainability of their economic recoveries.

  • Toyota gets 14,000 pre-sale orders for SAI hybrid

    Reuters - Tuesday, November 24

    TOKYO, Nov 24 (Reuters) - Toyota Motor Corp <7203.T> said on Tuesday it had received about 14,000 orders for the new SAI hybrid sedan to go on sale in Japan on Dec. 7, or roughly five times its monthly sales target of 3,000 units.

  • FILE - In this March 8, 2009 file photo, the Hewlett-Packard Co. facility in Palo Alto, Calif., is shown. Hewlett-Packard Co. releases quarterly earnings after the market close Monday, Nov. 23, 2009. (AP Photo/Paul Sakuma, file)

    HP profit jumps on cost cuts, new market expansion

    AP - Tuesday, November 24

    SAN FRANCISCO - Hewlett-Packard Co.'s cost-cutting and push into new markets is helping soften the blow from weakness in the company's mainstay businesses.

  • Clothing sales down Nov., but online roars back

    AP - Tuesday, November 24

    NEW YORK - After showing signs of improvement in early fall, sales of clothing and luxury goods weakened a bit the first half of November, compared with a year ago, when stores pulled shoppers in with massive discounts, figures released Tuesday show.

  • Economic recovery likely not quite that energetic

    AP - Tuesday, November 24

    WASHINGTON - Remember the economy's return to growth last quarter? Well, it probably wasn't as energetic as first thought.

  • Australia renewable energy futures stall on take-off

    Reuters - Tuesday, November 24

    By Bruce Hextall

  • Key scientist says politics behind stolen e-mails

    AP - Tuesday, November 24

    BOULDER, Colo. - A leading climate change scientist said hackers breaking into a university's computer server and then posting documents online show the nasty politics of global warming.

  • General Atlantic eyes stake in Strides unit-report

    Reuters - Tuesday, November 24

    MUMBAI, Nov 24 (Reuters) - Private equity (PE) firm General Atlantic is in advanced talks to buy 30-40 percent stake in drug maker Strides Arcolab's <STAR.BO> injectables business for about $100 million, the Economic Times said on Tuesday citing banking and PE sources familiar with the deal.

  • FOREX-Dlr trims losses as Asian shares fall, yen crosses slip

    Reuters - Tuesday, November 24

    * Dollar rebound seen limited on prospect for low rate policy

  • ADB says working with China on second "panda bond"

    Reuters - Tuesday, November 24

    SINGAPORE, Nov 24 (Reuters) - The Asian Development Bank (ADB) is working with the Chinese authorities to issue a yuan-denominated "panda bond," a second tranche since 2005, a senior ADB economist said on Tuesday.

  • Fitch lowers Mexico's credit rating on oil decline

    AP - Tuesday, November 24

    MEXICO CITY - Fitch Ratings downgraded Mexico's credit rating Monday, saying dependence on a flagging oil sector has weakened the country's ability to weather financial problems.

  • Hindalco raises $600 mln from share sale -sources

    Reuters - Tuesday, November 24

    MUMBAI, Nov 24 (Reuters) - Indian aluminium maker Hindalco Industries <HALC.BO> has raised $600 million through sale of shares, two sources with direct knowledge of the deal said on Tuesday.

  • WRAPUP 4-Obama meets with top advisers on Afghan policy

    Reuters - Tuesday, November 24

    (For more on Afghanistan, click on [ID:nAFPAK])

  • Pratibha Industries gets 303.7 mln rupees order

    Reuters - Tuesday, November 24

    MUMBAI, Nov 24 (Reuters) - Infrastructure solutions firm Pratibha Industries <PRTI.BO> said on Tuesday it won an order worth 303.7 million rupees from the water supply board of state of Karnataka.

  • Rio to buy smaller Australian miner's iron ore

    Reuters - Tuesday, November 24

    SYDNEY, Nov 24 (Reuters) - Rio Tinto Ltd/Plc <RIO.AX><RIO.L> has agreed to buy and transport up to 1.5 million tonnes of iron ore annually from small Australian miner Iron Ore Holdings Ltd <IOH.AX>, a move that could enable Rio to avoid sharing its rail haulage lines with third parties.

  • Newmont to sell Indonesia venture stake for $494M

    AP - Tuesday, November 24

    DENVER - Newmont Mining has agreed to sell a 14 percent stake in an Indonesian gold mine for $494 million, ending a years-long dispute with the Indonesian government over how the mining company should sell shares as required under its contract to operate in the country.

  • Mideast stocks - Factors to watch - Nov 24

    Reuters - Tuesday, November 24

    Nov 24 (Reuters) - Here are factors that may affect Middle East markets on Tuesday.

  • Manila's SM Devt sets price for $102 mln rights offer

    Reuters - Tuesday, November 24

    MANILA, Nov 24 (Reuters) - SM Development Corp <SMDC.PS> of the Philippines, a company controlled by shopping mall magnate Henry Sy, said on Tuesday it had set a price of 3.50 pesos ($0.74) per share for its rights offer worth 4.8 billion pesos.

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