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Search Result for “commodity”

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WORLD

World must brace for higher food prices, experts say

AFP, Published on 19/08/2012

» With drought parching farms in the United States and near the Black Sea, weak monsoon rains in India and insidious hunger in Africa's Sahel region, the world could be headed towards another food crisis, experts say.

WORLD

Scandal-hit News Corp posts big loss

AFP, Published on 09/08/2012

» Rupert Murdoch's embattled media giant News Corp posted a net loss of $1.51 billion in its fiscal fourth quarter Wednesday, as the firm prepared for a major restructuring.

WORLD

BHP writes down $2.8bn

AFP, Published on 03/08/2012

» BHP Billiton on Friday wrote down the value of its US shale gas assets by US$2.84 billion, prompting the head of the world's biggest miner Marius Kloppers to forgo his annual bonus.

WORLD

China slowdown hurts BHP

AFP, Published on 28/07/2012

» The mining giant BHP Billiton warned on Saturday that it needed to reduce its cost base and slash non-essential spending as China cooled faster than expected, "significantly" affecting profitability.

WORLD

Credit Agricole says not accused in interest rate scandal

AFP, Published on 19/07/2012

» French bank Credit Agricole said on Thursday that it has "not been accused of any wrongdoing" in the interest rate rigging scandal that has cost the jobs of top executives at Barclays Bank.

WORLD

4 banking giants 'under spotlight' in Libor scandal

AFP, Published on 19/07/2012

» Regulators are investigating Credit Agricole, HSBC, Deutsche Bank and Societe Generale over the Libor manipulation scandal that claimed the boss of British bank Barclays, the Financial Times reported Thursday.

WORLD

Debate brewing over Sri Lanka tea blending plans

AFP, Published on 15/07/2012

» Sri Lanka's tea industry is deeply divided over plans to boost earnings by importing cheaper leaves for blending and re-export, over fears the changes could water down the "Pure Ceylon" brand.

SPORTS

Davis to replace Griffin on USA Olympic team

AFP, Published on 14/07/2012

» US college star Anthony Davis has been named to the Olympic men's basketball team, replacing Los Angeles Clippers centre Blake Griffin who is out with a knee injury.

WORLD

Murdoch casts off newspapers to uncertain future

AFP, Published on 29/06/2012

» Newspapers may be Rupert Murdoch's first love, but in the planned breakup of his empire he is acknowledging the news business has failed to keep pace with his high-flying entertainment assets.

WORLD

Murdoch casts off newspapers to uncertain future

AFP, Published on 29/06/2012

» Newspapers may be Rupert Murdoch's first love, but in the planned breakup of his empire he is acknowledging the news business has failed to keep pace with his high-flying entertainment assets.