U.S. plan to sell oil reserves undermines OPEC supply management efforts
Businessam Staff
May 23, 2017
U.S. President Donald Trump’s proposal to sell half of the United States’ strategic oil reserve surprised energy markets
South Africa seen raising forecast for biggest corn crop since 1981
Businessam Staff
May 22, 2017
South Africa, the continent’s biggest corn grower, will probably increase its forecast for a bumper crop of the staple grain for a
Four car makers settle claims over Takata inflators for $553 million
Businessam Staff
May 19, 2017
Four automakers agreed to a $553 million settlement to address class-action economic loss claims covering owners of nearly 16 million
Ghana: Cocoa farmers to benefit from fertilizer subsidies
Businessam Staff
May 18, 2017
Ghana Cocoa Board (COCOBOD) has announced fertiliser subsidies for farmers for the 2017 farming year. In a statement, COCOBOD said a
South Africa’s Sibanye Gold finalises $1 bln rights issue at 60 pct discount
Businessam Staff
May 18, 2017
South Africa’s Sibanye Gold will tap shareholders for funds at a discount of 60 percent in a $1 billion rights issue, the mining
Major Central Australian copper project poised for expansion
Businessam Staff
May 17, 2017
The company behind a potential copper mine on Jervois station in Central Australia has taken over the land tenement next door. Both
Malaysian palm oil/Vegoils: Market factors to watch Tuesday May 16
Businessam Staff
May 16, 2017
The following factors are likely to influence Malaysian palm oil futures and other vegetable oilmarkets on Tuesday May 16.
Cocoa jumps as unrest continues in top producer Ivory Coast
Businessam Staff
May 16, 2017
Cocoa rose, extending last week’s surge in prices, following a failure of talks between army commanders and mutinous soldiers over the