Luckin Coffee to pay $180 million penalty to settle accounting fraud charges -U.S. SEC

Luckin Coffee to pay $180 million penalty to settle accounting fraud charges -U.S. SEC

Luckin Coffee Inc has agreed to pay a $180 million penalty to settle accounting fraud charges for intentionally and materially overstating its 2019 revenue and understating a net loss, U.S. regulators...
December 16, 2020 at 06:22 pm EST
Brent rises above $50/bbl for first time since March on vaccine optimism

Brent rises above $50/bbl for first time since March on vaccine optimism

Oil prices climbed nearly 3% on Thursday, with Brent surging above $50 a barrel for the first time since early March, fueled by hopes of a faster demand recovery as countries start to roll out...
December 10, 2020 at 02:55 pm EST
Ivory Coast lifts suspension of Hershey cocoa sustainability schemes

Ivory Coast lifts suspension of Hershey cocoa sustainability schemes

Ivory Coast will lift a suspension imposed this week on cocoa sustainability schemes run by Hershey after the U.S.-based chocolate maker committed to paying a premium aimed at combating poverty among...
December 05, 2020 at 12:00 pm EST
Stocks enjoy record inflows as gold loses lustre on vaccine trade:  BofA

Stocks enjoy record inflows as gold loses lustre on vaccine trade: BofA

Investors stepped up buying of riskier assets such as stocks last week while pulling money out of safe-haven gold, BofA said on Friday, as major vaccine breakthroughs extended hopes that economies...
December 04, 2020 at 07:54 am EST
Brazilian soy farmers try 5G technology with Huawei equipment

Brazilian soy farmers try 5G technology with Huawei equipment

The Brazilian farm state of Goias rolled out a pilot project on Thursday to increase productivity and take fast action against disease using fifth-generation technology and equipment provided by...
December 03, 2020 at 07:01 pm EST
Brent rises to highest since March after OPEC+ output cut deal

Brent rises to highest since March after OPEC+ output cut deal

Global benchmark Brent crude prices rose 1% to their highest since early March on Thursday on renewed hopes for a U.S. stimulus deal and after major oil producers agreed to increase output by a modest...
December 03, 2020 at 03:41 pm EST
Ivory Coast cocoa farmers threaten to boycott industry sustainability programs

Ivory Coast cocoa farmers threaten to boycott industry sustainability programs

Ivory Coast's cocoa farmers union will withdraw from chocolate industry sustainability programs if companies try to avoid paying a premium aimed at combating farmer poverty, it said on Thursday....
December 03, 2020 at 12:27 pm EST
AIMS APAC REIT :  Global stock markets slide at end of record November

AIMS APAC REIT : Global stock markets slide at end of record November

World stock markets dipped on Monday to close a record-breaking month as the prospect of a vaccine-driven economic recovery next year and further central bank stimulus measures eclipsed immediate...
November 30, 2020 at 04:59 pm EST
Ivory Coast, Ghana cancel cocoa sustainability schemes run by Hershey

Ivory Coast, Ghana cancel cocoa sustainability schemes run by Hershey

Ivory Coast and Ghana are cancelling all cocoa sustainability schemes that U.S.-based Hershey runs in their countries, accusing the chocolatemaker of trying to avoid paying a cocoa premium aimed at...
November 30, 2020 at 03:35 pm EST
U.S. shale firms amp up natural gas output as futures signal more gains

U.S. shale firms amp up natural gas output as futures signal more gains

Higher natural gas futures prices for 2021 and a continued glut of crude oil are prodding U.S. shale firms to boost gas drilling and production. ...
November 30, 2020 at 02:20 am EST
Investors rush to buy equities, dump gold in vaccine euphoria

Investors rush to buy equities, dump gold in vaccine euphoria

Investors stormed into riskier assets last week, pumping $27 billion into equity funds as positive COVID-19 vaccine updates led to euphoric buying of shares in worst-hit sectors such as banks, travel...
November 20, 2020 at 08:32 am EST
U.S. farmers celebrate soy price surge as Brazil misses out

U.S. farmers celebrate soy price surge as Brazil misses out

U.S. farmers sold freshly harvested soybeans directly off their combines for a profit as prices rose to a four-year high this autumn, a welcome change from the losses suffered during the U.S.-China...
November 17, 2020 at 07:42 am EST
Oil soars 8% on promising COVID-19 vaccine results

Oil soars 8% on promising COVID-19 vaccine results

Oil surged about 8% on Monday, its biggest daily gain in more five months, after Pfizer announced promising results for its COVID-19 vaccine....
November 09, 2020 at 03:27 pm EST
Exclusive:  China eyes more corn imports as shipments surge, set to become top buyer

Exclusive: China eyes more corn imports as shipments surge, set to become top buyer

China's government is discussing permits for millions of tonnes of additional corn imports over the next year, three industry sources told Reuters, amid a surge in animal feed demand and after storms...
October 23, 2020 at 06:52 pm EDT
Pfizer vaccine hopes lift world stocks; dollar, gold on the defensive

Pfizer vaccine hopes lift world stocks; dollar, gold on the defensive

Global shares bounced on Friday while safe havens such as the dollar were on the defensive as investors welcomed news that drugmaker Pfizer Inc could have a coronavirus vaccine ready in the United...
October 16, 2020 at 04:48 pm EDT
World stocks sag on pandemic surge, gold gains on safety bid

World stocks sag on pandemic surge, gold gains on safety bid

Global stock markets mostly retreated on Wednesday as a record number of new coronavirus infections in parts of Europe led investors to shift away from risky assets to traditional safe havens such as...
October 14, 2020 at 04:42 pm EDT
Mountain Valley says natural gas pipeline timing depends on litigation, U.S. approvals

Mountain Valley says natural gas pipeline timing depends on litigation, U.S. approvals

Equitrans Midstream Corp said on Monday it will evaluate the cost and timing of the completion of the Mountain Valley natural gas pipeline based on ongoing litigation and upcoming federal approvals....
October 12, 2020 at 03:57 pm EDT
Freeport does a balancing act as world's biggest gold mine grapples with COVID-19

Freeport does a balancing act as world's biggest gold mine grapples with COVID-19

When miners at Indonesia's giant Grasberg gold and copper mine started testing positive for coronavirus early in the pandemic, the mountain-top mining complex was quickly locked down with a skeletal...
October 10, 2020 at 10:51 pm EDT
Wall Street closes higher on U.S. stimulus hopes, gold spikes and dollar drops

Wall Street closes higher on U.S. stimulus hopes, gold spikes and dollar drops

International stocks rose on Friday, with all three major Wall Street indexes posting weekly gains as investors grew more hopeful the U.S. government would provide additional economic stimulus....
October 09, 2020 at 05:35 pm EDT
Keeping it clean:  U.S. ethanol producers invest in sanitizer for long haul

Keeping it clean: U.S. ethanol producers invest in sanitizer for long haul

Red River Biorefinery in Grand Forks, North Dakota, came online in April, arguably the worst time for an ethanol facility to begin operating as the coronavirus pandemic sank fuel demand....
October 08, 2020 at 07:29 am EDT