Basic Materials

UK Faces Crop Shortfall Due to Wet Weather; Bread and Biscuit Price Hikes Expected

The Energy & Climate Intelligence Unit (ECIU) warns of potential price surges in bread, biscuits, and beer in the UK due to persistent wet weather.


Cocoa Prices Push Near Record Levels As Global Shortage Continues to Impact Market

Cocoa prices keep going up for a fifth consecutive day due to a shortage in supply, prompting concerns for traders and growers in countries like Ghana...

Home Depot to Open 4 New Distribution Centers for Home Professionals

Home Depot unveiled on Thursday its plan to open four new distribution centers explicitly designed for the needs of remodelers, contractors, and other home professionals...

Tech Envy on Business Sector

A poll of tech worker habits by software firm Nintex revealed that public and private sector employees are hungry for automation, and rely on mobile apps and the cloud to get work done...


Latest News

Bankers ready debt as bids due on Lafarge Holcim assets
Bankers are lining up just over 1 billion pounds ($1.51 billion) of debt financing to back private equity firm KKR’s potential bid for the UK assets of cement makers Lafarge (LAFP.PA) and Holcim (HOLN
China abolishes rare earth export quotas
China has scrapped a quota system aimed at restricting exports of rare earths, a group of 17 metals used in high tech sectors, as it moves to comply with a World Trade Organisation (WTO) ruling last y
Brent drops towards five-year low near $57, supply glut weighs
Brent oil extended losses into a fourth session on Tuesday, with prices hovering close to a more than five-year low above $57 per barrel, as persistent worries about a global supply glut offset concer
Oil prices climb on Libya supply worries
Oil prices rose on Monday, after dropping for the past two sessions, as escalating clashes in Libya stoked worries about supply from the OPEC member.
Russia says to supply coal, electricity to Ukraine
Russia has agreed on a new deal to supply coal and electricity to Ukraine, which is struggling with a lack of raw fuel for power plants due to a separatist conflict in the industrial east, Russian off
HeidelbergCement in talks to sell unit to Lone Star Funds
Germany's HeidelbergCement AG (HEIG.DE) is negotiating to sell Hanson Building Products Ltd, a maker of concrete and clay building products, to private equity firm Lone Star Funds, according to people
Amplats gets $385 million offer for Bokoni mine stake
Anglo American Platinum has received a 4.5 billion rand ($385 million) offer for its 49 percent stake in the Bokoni mine in northeast South Africa, a source said on Wednesday, pushing its shares highe
Olam agrees to buy ADM's cocoa business to create global firm
Olam International Ltd (OLAM.SI) will buy Archer Daniels Midland Co's (ADM.N) cocoa business for $1.3 billion, it said on Monday, catapulting the Singapore-based commodities merchant into the top tier
Berkshire Hathaway buys oil logistics business Charter Brokerage
Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Friday said it was buying oil industry logistics provider Charter Brokerage from private equity firm Arsenal Capital Partners.
ArcelorMittal, Tata Steel to start hedging iron ore
Top steelmakers ArcelorMittal and Tata Steel are dipping their toes into iron ore derivatives, marking a crucial milestone in developing trade for the world's second-largest commodity after oil.
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