Sugar and cooking oil prices will extend a rally as dry weather from South America to Asia parches crops, said Doug King, chief investment officer of the $145 million Merchant Commodity Fund. Lower output in Brazil and India, the two biggest sugar producers, will shift the world market toward deficit after three years of surplus, more »
The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates, according to the Bank for International Settlements.
Goldman Sachs is sticking with its recommendation to buy Chinese stocks, the biggest losers worldwide this year, after valuations fell to the lowest level in a decade versus global peers.
If you haven’t heard about a “revolutionary” app called Spritz, delivered by a Boston startup that spent the last two years in “stealth mode,” you soon will. It’s a feature on Samsung’s new flagship smartphone, the Galaxy S5, and on the Galaxy Gear 2 smartwatch. It has also been covered by Time.com, Business Insider, Huffington Post and lots of other sites, so there is little stealthy about it now.
America’s $93 billion pipeline of generic pharmaceuticals often starts in places like Toansa, a village in northern India where a drug-making facility rises up beside mustard fields and manure-flecked ox-cart tracks.
Kiev. Ukraine’s government said it won’t accept the result of Crimea’s March 16 separatist referendum, whatever it is, saying the vote is unconstitutional and is neither free nor fair. “There is no other way how to protest but to say to the international community that the results will not be valid,” Ukraine’s Foreign Affairs Minister more »
China’s leaders want to lift the gray blanket of deadly smog that often chokes Beijing’s residents by shifting power plants to the less populated western part of the country inhabited by minorities. That’s turning into a nightmare for Ani Yetahon who lives in Oriliq, a village about 1,800 miles from the capital where some residents still walk to the well for their water.
Japan’s government said Bitcoin isn’t a currency amid calls for its regulation a week after the bankruptcy of Mt. Gox, the Tokyo-based exchange that was once the world’s biggest.
Russian President Vladimir Putin is showing no signs of heeding western calls to ease the standoff in Crimea, where there were reports that armed attackers forced their way into a Ukrainian military base before withdrawing.