The decrease in demands for China was accounted for its slowing economic growth as Asian's coffee premiums remain at multi-month highs.
Industry
German Bundesbank Head Warns of ECB intervention
Germany's Bundesbank head says that the ECB cannot solve the current Eurozone crisis. According to Bundesbank Chief Jens Weidmann, the European Central Bank cannot solve the current Euro Zone crisis.
European Banking Authority to create banker database
To prevent cross border issues, the European Banking Authority stands to create a database on bankers and key bank functions for sharing between countries.
Deutsche Bank Needs Structural Changes to Meet Capital Requirements
Deutsche Bank, according to its CFO, needs to change balance sheet to comply with new capital requirements.
Philippine Stock Exchange Says Sales Record Achievable.
The PSE President Hans Sicat says sales record still achievable within the year. According to the Philippine Stock Exchange, the target for record shares sales for 2013 is still achievable.
Latest News
Standard Chartered organized this year's annual conference held in India by bringing African chairmen.
Former Provident executives were sentenced to jail after pleading guilty for investment fraud. According to United States attorney John M. Bales' statement today, four executives from Provident Royalties, Inc.
In a meeting between British investors and state officials, opportunities for investments in Andhra Pradesh were discussed.
Minister of Food and Agriculture of Ghana Clement Humaldo urged investors to help cut down the losses from harvesting.
China and Switzerland signed in a free trade agreement today in Beijing. A new free trade agreement was signed by the governments of China and Switzerland today.
Investors said that the bond yield spike brought about by new jobs are signals to prepare their portfolios.
Asia's shipping industry was believed to be the best spot to experience recovery from the industry's worst slump.
Indonesia's cattle industry is receiving a long-awaited backing from Australian investors. After more than four years of wooing, the Indonesian cattle industry has successfully acquired much needed love from Australia.
The IRS proposed reform for the money market fund industry is set to tackle tax matters. On Wednesday, the US Internal Revenue Service recommended new regulations.
