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1 month ago | 
bizcommunity.com | Gus Trompiz |David Evans |Robin Fredericks |Peter Setou
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Ivory Coast's cocoa production for the 2024/25 season is expected to remain at last season's low levels due to poor weather and crop conditions, according to the agriculture minister. The decline in output from the world's top cocoa producer, along with reduced production in Ghana, led to record-high international prices last year.
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Jan 12, 2025 | 
thefastmode.com | David Evans
As governments and technology companies collaborate to create a more sustainable future, this progress is being threatened by a global copper shortage.
Why do we still need copper?
The building of a more sustainable energy infrastructure depends on the availability of copper. Wind farms alone need three times as much copper as traditional coal-fired methods and solar panels also demand a significant amount.
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Dec 6, 2024 | 
gurutrade.com | Sergio Goncalves |Andrei Khalip |David Evans
LISBON, Dec 6 (Reuters) - The three owners of Portugal's fourth-largest bank Novo Banco have agreed to lift a ban on dividend payouts, paving the way for its potential sale or an initial public offering in 2025, the finance minister was quoted as saying on Friday.
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Dec 5, 2024 | 
datacenterdynamics.com | David Evans
The price of copper has long been used as an indicator of economic health. A global copper shortage, however, threatens to disrupt this balance, affecting not only these industries but also sustainable sectors like wind energy and electric vehicle charging. But, as telecom networks worldwide transition to fiber optics, a more affordable and sustainable copper source could meet demand while funding this ongoing network evolution.
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Dec 5, 2024 | 
inspectioneering.com | Yuka Obayashi |David Evans
Japan's Mitsui & Co (8031.T) is collaborating with TotalEnergies (TTEF.PA) and the Mozambique government to finalize plans for restarting construction of the $20 billion Mozambique liquefied natural gas (LNG) project, CEO Kenichi Hori said on Thursday.
The project, led by TotalEnergies, has faced delays due to concerns over violent unrest in the region.
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Nov 21, 2024 | 
gurutrade.com | Kane Wu |Sumeet Chatterjee |David Evans
Qatar Investment Authority committed biggest amount to become anchor investor Other investors in fund include Chinese sovereign fund CIC, yuan-denominated investors McDonald's China says goal to reach 10,000 restaurants remains unchanged HONG KONG, Nov 21 (Reuters) - Trustar Capital has raised $1 billion for a continuation fund that will hold the Chinese private equity firm's controlling stake in McDonald Corp's operations in mainland China and Hong Kong, two sources with knowledge of the...
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Sep 2, 2024 | 
gurutrade.com | Can Sezer |Daren Butler |Jonathan Spicer |David Evans
ANKARA, Sept 2 (Reuters) - Turkish state energy company Botas and British oil major Shell signed a 10-year LNG agreement on Monday, the Turkish Energy Minister Alparslan Bayraktar said.
"A total of 40 LNG cargoes of approximately 4 billion cubic meters will be delivered annually for a period covering 10 years starting from 2027," Bayraktar said.
"This agreement ...
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Jul 22, 2024 | 
shorturl.at | Oliver Griffin |Anthony Esposito |David Evans
Ecopetrol looking at 30% stake purchase in US shale player. Ownership could go up to 49% of assets pending negotiationsReporting by Oliver Griffin, ReutersBOGOTA EnergiesNet.com 07 22 2024 Colombia’s Ecopetrol (ECO.CN), opens new tab is in talks with U.S. oil producer Occidental Petroleum (OXY.N), opens new tab to possibly buy a 30% stake in shale oil producer CrownRock, in a transaction potentially worth $3.6 billion, the North American company said on Friday.
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May 24, 2024 | 
gurutrade.com | Nikunj Ohri |Sarita Singh |David Evans
NEW DELHI, May 24 (Reuters) - India expects a normal monsoon to ease food inflation, and cushion its economy from a possible rise in global commodity prices due to geopolitical tensions, said a government report released on Friday.
Government steps including the sale of state food stocks on the open market were helping to stabilise food prices, said the finance ministry's monthly economic report.
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Apr 29, 2024 | 
thewealthadvisor.com | Tom Sims |Jason Neely |David Evans
(Reuters) -Deutsche Bank shares were down 9% on Monday after news that a long-running lawsuit claiming it underpaid for its purchase of its giant Postbank division could cost up to 1.3 billion euros ($1.39 billion). The issue is a blow to Germany's largest lender, which last week posted better-than-expected earnings that boosted its shares. It is the latest in a string of problems to arise at Postbank.
