The east coast of the United States may be blanketed in snow, but in corn, wheat and soyabean fields of Argentina, Brazil and Uruguay, the weather is scorching. A prolonged absence of rain is raising fears that harvests in these key agricultural nations will fall short of expectations, putting further pressure on a global commodity… Read more.
General Financial News
Losses from the rising cost of commodities and a weak reaction to promotional campaigns has led ConAgra to announce it will raise prices. The strategy is designed to enhance financial results during the next several months as the company's second quarter profits were more tepid than anticipated, as predicted earlier this month. That led ConAgra… Read more.
The rising price of key inputs is putting pressure on major entities in both the private and public sector, forcing regulators, officials, logistics managers and company executives to confront the fact that as the world returns to economic health, demand is once again outpacing supply. Important commodities like cotton, wheat, silver and oil have all… Read more.
Commodities' prices will continue climbing in 2011 because supplies will tighten and global demand will be driven by emerging markets, according to a New York-based financial services firm's newly released report cited by Bloomberg. Gains for commodities run the likelihood of being volatile because of debt-laden banks, political errors in the emerging markets and the… Read more.
As President Barack Obama appeared prepared to push forward a compromise on the expiring Bush-era tax cuts and the federal government sold its $10.5 billion stake in Citigroup, stock index futures around the globe posted solid gains. Increased confidence in the labor markets, as measured by Milwaukee's temporary worker provider Manpower, Inc., also played a… Read more.
December began with a bit of Christmas cheer for the financial world – better-than-expected Black Friday and Cyber Monday sales and rising employment figures stoked some optimism about the pace of the economic recovery. The November 2010 ADP employment report showed that private-sector employment rose 93,000 from October to November, the tenth consecutive month of gains… Read more.
The rising price of industrial and agricultural commodity futures is straining the ability of many firms to maintain their margins without raising prices. A price increase will always be the last resort, particularly when consumer spending remains depressed and lines of credit are drying up for many buyers. Yet retailers and manufacturers have to find… Read more.
Stock index futures measuring the strength of indexes on the other side of the globe declined late Monday afternoon, as new revelations about the American real estate market and an Irish bailout plan unsettled investors. The Irish government said that it will accept a bailout package from the United Kingdom, the European Union and the… Read more.
The increased cost of energy, rising demand for biofuels, the waning US dollar and trade shocks pertaining to restrictive exports, panic purchases, and unfavorable weather caused the 2007-8 food price crisis, according to a preview of a think tank's study to be released early next month. "Future food price crises can be prevented," said Shenggen Fan, director general of the… Read more.
Shortages in major producing nations, export quotas and a shift to more-profitable crops are all pushing up the price of key food commodities – and that's raised the cost of importing food for nations around the world. The consequences, warns the United Nations' Food and Agricultural Organization, could be severe. The global food import bill… Read more.