Latest in Tag: commodities Highlight

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Latest in Tag: commodities

IMF: ‘Bumpy’ road ahead for emerging economies

The world’s lender of last resort, the International Monetary Fund (IMF), has said up-and-coming nations must do more to weather the fallout of weaker global growth and a slowdown in China’s economy. The IMF’s managing director, Christine Lagarde, on Tuesday warned the emerging countries of the world that the road ahead could be “somewhat bumpy,” …

Deutsche Welle

Commodities crisis crushes BHP profits

Anglo-Australian mining giant BHP Billiton has seen its annual net profits almost wiped out as China seems to have lost its hunger for raw materials, causing commodities prices to tumble across the world. BHP Billiton unveiled a dismal result for its fiscal 2014 ending June 30, showing a decline in its net profit of a …

Deutsche Welle

Weakening outlook for global economy amid fears over China: Merrill Lynch Survey

Merill Lynch, the Bank of America’s (BofA) wealth management division, released on Tuesday the results of its Fund Manager Survey for August. It showed a weakening outlook for the global economy amid fears over China, recording low sentiment towards emerging markets and the energy sector. While the concern over a Chinese recession continues, global investors …

Rana Yehia

Commodity prices stable, prices drop: Minister of Supply

The minister pointed out that enough quantities of cooking oil have been contracted to suffice for consumption till the end of July – a total of 172,000 tonnes – with a value of EGP 1.5bn. A supply of Brazilian poultry, 23,300 tonnes, was also contracted.

Mohamed Ayyad