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Brazil sugar output to fall as drought devastates crop SAO PAULO: Drought will drive sugar production in Brazil's cane-rich center-south nearly 8 percent lower than last year, hammering the world's main supplier of sugar, commodities market analysts Datagro said.Brazil's main center-south cane region will produce 31.6 million tonnes of sugar in 2014/15, down from 34.3 million last year and 32.3 million tonnes seen a month ago due to a severe drought, Plinio Nastari, president of Datagro said on Monday.The world's top sugar producing region is unlikely to recover next season, he said, predicting sugar output of between 29.1 million and 31.3 million tonnes in 2015/16.New York ICE sugar futures were relatively somber, as was the mood the mood at the two-day Datagro conference on sugar and ethanol in Sao Paulo.Before dawn Monday, a fire razed a warehouse owned jointly by Cargill and Louis Dreyfus at the main sugar port in Santos, the third major sugar warehouse fire in a ...

Wall St to open higher on earnings boost NEW YORK: US stocks were set for a higher open on Friday following a batch of solid earnings reports and on hopes the Federal Reserve might slow the wind-down of its stimulus in light of recent weakness in global demand. The benchmark S&P index is on track for its fourth straight weekly decline, its longest streak in more than three years, and is down more than 7 percent from its record high as concerns about ...
TSX opens higher on US data, commodity prices TORONTO: Canada's main stock index jumped on Friday as positive US economic data and gains in the prices of some commodities helped support most major sectors.The Toronto Stock Exchange's S&P/TSX composite index was up 161.95 points, or 1.2 percent, at 14,221.92 shortly after the open. Copyright Reuters, 2014 ...
TSX hits one-week high as energy shares rebound TORONTO: Canada's main stock index jumped to its highest level in a week on Friday as positive US economic data and a rise in oil prices helped revive the battered energy sector.Data showing that US housing starts and permits rose in September signaled the US economic recovery might be on track.Stock markets have been in a corrective phase over the past month, weighed on by worries over global economic growth, oil demand and the direction ...
TSX climbs as energy, mining shares gain TORONTO: Canada's main stock index rose in choppy trading on Thursday as gains in the energy and mining sectors helped offset concerns about global economic growth.Worries about the direction of the global economy and fears that the US Federal Reserve might raise interest rates have hit equity markets hard in recent weeks.The market also digested data on Thursday that showed Canadian factory sales recorded their first fall this year in August, their biggest drop in ...
Shares fall but pare losses on US data, dollar rebounds NEW YORK: Global equity markets tumbled again on Thursday as investors continued to worry about world growth and on fears that Europe's debt crisis was waking up from a two-year siesta, while crude oil slumped to a four-year low.But new data indicating strength in the US economy helped major US, European and pan-world stock indexes pare losses that had exceeded 1 percent earlier and cut the bid for safe-haven government debt, driving up yields.Data showing ...
US stocks drop amid global equity selloff NEW YORK: US stocks dropped sharply in early trade Thursday, following international markets downward as anxiety over global growth continued to prompt selling.About 30 minutes into trade, the Dow Jones Industrial Average stood at 16,062.34, down 79.40 points (0.49 percent).The broad-based S&P 500 fell 13.75 (0.74 percent) to 1,848.74, while the tech-rich Nasdaq Composite Index tumbled 43.05 (1.02 percent) to 4,172.27.Equity markets in Britain and France were down more than 1.0 percent. Asian markets also ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
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WeeklyOctober 20, 2014
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