Tags: Ukraine
Zimbabwe purchases corn from Ukraine and Zambia as poor rainfall fails harvest
Zimbabwe purchased nearly 650,000 metric tons of corn from Ukraine and Zambia following a poor harvest. Dry climate has also limited grains output in Zambia, where the harvest is anticipated to fall nearly 30% in 2016.
Facing sanctions, Deutsche Bank withdraws few services from Russia
Being faced with several odds in Russia, Deutsche Bank has decided to withdraw some of its services from Russia. The alleged share trading by Russian unit of Deutsche Bank has become subject to investigation in the US. The German bank may stop 90 percent of its banking services in Russia soon.
Europe milk over-supply makes it cheaper than water
Milk is overflowing in Europe for a lot of reasons, chief of these is that Russia has stopped the importation of milk while Chinese demand has lessened. There is so much splashing around the European Union that makes milk always less expensive than bottled water. In U.K., a liter of bottled water costs $1.50 while a liter of milk costs only $1. The same is almost true in France. In German supermarkets like Aldi and Lidl, a liter of milk costs only about 55¢ while a liter of bottled water costs around 72¢.
Citi faces headwinds in commodity trade finance, presses on with expansion
Citigroup Inc (C.N) and rivals in the commodity trade finance sector are facing headwinds of weak oil prices, sanctions on Russia and stiff competition, which have pressured fees.