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Davos 2016

Exclusive: Saudi-Iranian proxy war over Syria spreads to Davos

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DAVOS, Switzerland - Senior Saudi and Iranian figures clashed behind closed doors at a private meeting convened by the World Economic Forum in Davos this week to try to promote peace in Syria, participants said.  Full Article 

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Robusta crop woes prompt forecasts of tighter coffee market

LONDON Analysts are scaling back global coffee surplus projections to a more balanced market due to a drop in Brazilian robusta output and warn dry weather in Vietnam could mean further reductions.

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IGC raises 2016/17 world wheat, corn crop forecasts

LONDON The International Grains Council (IGC) on Thursday raised its forecasts for 2016/17 world wheat and corn crops, with total supply potentially reaching a record level.

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Vietnam's H1 2016 rice exports may edge up despite output fall

HANOI Vietnam could export more than 3 million tonnes of rice in the first half of 2016, up 12 percent from the previous year, on rising demand from China and other Southeast Asian nations, amid supply concerns caused by drought, the government said on Friday.

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A general view of Davos during the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland January 22, 2016.  REUTERS/Ruben Sprich - RTX23JFS

Davos presents human display of volatility

While it’s true that swinging stocks, bonds and commodities are front of mind at Davos, the temporary denizens of this Alpine town are themselves something of a living display in human volatility.  Full Coverage 

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Czarnikow revises up 2015/16 sugar deficit forecast

LONDON Czarnikow on Thursday revised up its 2015/16 global sugar deficit forecast to 11.4 million tonnes from an earlier forecast of a 8.2 million tonnes deficit made in December.

Indonesia to probe palm producers' environmental pledge: competition watchdog

JAKARTA Indonesia will investigate palm oil companies that are signatories to the Indonesian Palm Oil Pledge (IPOP) for potential anti-competitive practices, the country's anti-monopoly agency (KPPU) said.

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Egypt's GASC receives offers from five trading firms for wheat

ABU DHABI/HAMBURG Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) has received offers from only five trading firms in its wheat tender on Thursday as uncertainty over quality rules continues to affect supplier appetite.

China steel mills post losses of $1.8 billion for Jan-Feb: CISA

SHANGHAI China's major steel mills have made combined losses of 11.4 billion yuan ($1.8 billion) for the first two months of this year as chronic oversupply weighed on the sector, an official with the China Iron & Steel Association (CISA) said on Thursday.

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Finland considers universal basic income under social reform plans

HELSINKI Finland may replace part of its social security net with a universal basic wage as it looks to rein in state spending, if a pilot project recommended by government advisors succeeds.

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