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General Mills shopping for food deals in emerging markets BOCA RATON: US packaged foods group General Mills is looking to expand its business in faster-growing emerging markets, it said on Tuesday, as growth in its home market remains weak. "We continue to look at tuck-in opportunities around the world," Chief Executive Ken Powell said on Tuesday at a conference in Boca Raton, Florida. The company behind Yoplait yogurt, Cheerios cereal and Haagen-Dazs ice cream said it was "actively investigating" expansion opportunities in India, Indonesia, the Middle East and North Africa. General Mills could easily digest within a year an acquisition worth up to roughly $1 billion, Chief Financial Officer Don Mulligan told reporters. The company is interested in those markets, in areas such as simple meals, ice cream, yoghurt or snacks. The company also said it was working to expand Yoplait in China with a new factory it started building in December. It said it was working with Sodiaal, ...

ICE arabica coffee recovers, sees 3rd straight weekly gain NEW YORK/LONDON: ICE arabica coffee edged up in choppy, heavy trading on Friday, climbing to a third straight week of gains, as traders worried about damage to crops in Brazil as the first wave of much-needed rains got off to a slow start in the top grower.Sugar futures in New York and London fell back as the renewed Brazil rains damped worry over crops in the top grower, now in the off season, and excess ...
Softer U.S. dollar lifts gold, copper; wheat prices jump NEW YORK: A key commodities index climbed to five-month highs on Friday and notched a fifth straight weekly gain, as gold prices rallied on a weaker U.S. dollar and wheat futures hit 5-1/2-week highs on chart-based buying.The bellwether Thomson Reuters/Core Commodity CRB index touched its highest level since September 2013 as 12 of its 19 components rose.A weaker dollar boosted metals markets, lifting copper and shooting gold prices to a three-month high above $1,300 an ...
Corn, soy bids weaken while farmer sales slow CHICAGO: Corn and soybean spot basis bids were mostly steady to lower around the US Midwest on Friday after futures jumped to multi-month highs and farmers sold large amounts of each crop, grain merchants said.The pace of farmer sales slowed as the week came to a close but many processors and ethanol plants earlier this week bought enough of the crops to meet needs for the next several weeks.Corn bids eased 3 cents per bushel ...
Cotton futures retreat under pressure from index fund roll NEW YORK: Cotton futures eased on Thursday in heavy trading, retreating from the previous session's 6-month highs, under pressure from the rolling of closely-watched commodities index funds.The most-active May cotton contract on ICE Futures U.S. edged down 0.27 cent, or 0.3 percent, to settle at 88.58 cents a lb.The spot March contract fell more sharply, finishing down 0.77 cent, or 0.9 percent, at 87.60 cents a lb.Volumes were heavy throughout the session as traders moved ...
U.S. corn export sales soar on heavy demand, soybeans tapering CHICAGO: U.S. corn exporters booked nearly 12 percent of their expected annual shipments over just the past three weeks, the strongest such run in six years, according to U.S. government data on Thursday, as relatively low U.S. prices enticed buyers who had few alternative origins to choose from.The yellow grain has been increasingly seizing the U.S. export baton from soybeans as sales of the oilseed last week fell to the second lowest since last June, ...
Gold rises 1.3pc to three-month high after Yellen comments NEW YORK: Gold rose to a three-month high on Tuesday, gaining more than 1 percent after incoming Federal Reserve Chair Janet Yellen made it clear she would not make any abrupt changes to the central bank's commitment to a measured tapering of bond purchases.In her testimony before the US House Financial Services Committee, Yellen said she strongly supports the monetary policy approach driven by her predecessor, Ben Bernanke."The overall tone of Yellen's comment is a ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln