George Osborne's attempt to slash £11.5bn off public spending in election year has run into cabinet trouble, after ministers identified only £2.5bn in cuts to their budgets.» Read More
ST. LOUIS, May 15- Monsanto Co, the world's largest seed company, is developing two new platforms that diverge from its core business and are seen as potential key long-term growth drivers, according to top Monsanto executives. That is the key engine, "said Monsanto Chief Financial Officer Pierre Courduroux in an interview."
ST. LOUIS, May 15- Monsanto Co, the world's largest seed company, is developing two new platforms that diverge from its core business and are seen as potential key long-term growth drivers, according to top Monsanto executives. That is the key engine, "said Monsanto Chief Financial Officer Pierre Courduroux in an interview.
LONDON, May 15- A Hungarian ethanol producer said it alerted the European Commission over the role of price agency Platts in setting prices, feeding into an investigation of three major oil companies. Pannonia Ethanol, a recent entrant to Europe's ethanol market, on Wednesday became the first company to identify itself as having complained to Brussels.
"We take a long-term view that demand for potash will resume," EuroChem CFO Andrey Ilyin said on the sidelines of the BMO Farm to Market conference in New York, after giving a presentation. "
*Wheat falls below $7 a bushel to a two-week low. CHICAGO, May 15- Wheat futures on the Chicago Board of Trade fell more than 2 percent to a two-week low on Wednesday in reaction to technical selling, a stronger U.S. dollar and lackluster exports of U.S. grain, traders said. July soybeans fell 3-3/ 4 cents at $14.11 a bushel and July corn was down 1/ 4 cent at $6.52- 1/ 4 a bushel.
*BG Group, OGX, Total, BP among winners at Brazil auction. RIO DE JANEIRO, May 15- For the first time in nearly five years, Brazil's flagging oil industry has received serious interest from private investors.
MOSCOW, May 15- International leaders are moving closer to taking action on corporate tax avoidance, despite challenges, a top official at the Organisation for Economic Co-operation and Development said on Wednesday.
CHICAGO, May 15- Wheat futures on the Chicago Board of Trade fell more than 1 percent on Wednesday on lackluster export demand for U.S. grain, a stronger U.S. dollar and technical selling, traders said. At the CBOT as of 10:25 a.m. CDT, July wheat was down 8-1/ 2 cents at $7.02- 1/ 4 per bushel.
*Industry cuts will help lift price above $2,000/ tonne. *China market in balance, little likelihood of exports soon. RUSAL estimates a fifth of global production outside China is loss-making, even with demand expected to grow 6 to 7 percent in 2013..
GENEVA, May 15- Argentina has launched a dispute against the European Union at the World Trade Organization, challenging rules for importing and marketing biodiesel applied by Spain, Belgium, France, Italy and Poland, the WTO said on Wednesday.
MOSCOW, May 15- MegaFon has overtaken its main competitor in Russia's cut-throat mobile phone market, posting bumper earnings on Wednesday to help crown it leader by market value and put its other rival in the shade.
GENEVA, May 15- Argentina has launched a dispute against the European Union at the World Trade Organization, challenging rules for importing and marketing biodiesel used by Spain, Belgium, France, Italy and Poland, the WTO said on Wednesday.
The complaint comes from the tiny African state of Comoros, a member of the court, though Israel is not. Prosecutor Fatou Bensouda said she met Tuesday with lawyers from a Turkish law firm that is representing Comoros. The Mavi Marmari was registered in Comoros, an archipelago off the African coast near Madagascar with a population of around 800,000..
Russian spies still operate in the U.S. and American ones in Russia. On Tuesday, Russia's security services said they had caught a U.S. diplomat who they claim is a CIA official trying to recruit a Russian agent. She has stayed in the limelight since her deportation to Russia, hosting a reality TV show, modeling lingerie and becoming the face of a Moscow bank.
SOUTH BEND, Ind.-- Indiana convenience stores and gas stations seeking the right to sell cold beer to customers filed a federal lawsuit Tuesday aimed at lifting a ban on the practice. The lawsuit, filed in U.S. District Court in Indianapolis, contends Indiana is the only state that regulates the temperature of beer being sold.
*Black Sea expected to remain among the cheapest suppliers. *USDA's Black Sea crop estimates may prove too optimistic. While Russia and Ukraine are expected to store some grain, analysts said they would remain one of the world's cheap suppliers, typically attracting interest from price-sensitive buyers in north Africa and the Middle East.
AMSTERDAM/ SINGAPORE, May 15- Chicago corn slid for a second day on Wednesday on hopes that dry weather this week across the U.S. grain belt will boost planting, which is running at a record low pace. Soybeans were little changed, with the market underpinned by tight old-crop supplies and expectations of strong demand.
MOSCOW, May 15- The chief executive of Societe Generale's Russian unit was held in Moscow on Wednesday on suspicion of receiving bribes, dealing a blow to the French bank's hopes of achieving a turnaround on its primary foreign market.
MOSCOW, May 15- Russia's government has no room to raise spending, Finance Minister Anton Siluanov said on Wednesday, stoking a debate over whether fiscal stimulus should be deployed to revive flagging economic growth.
*GDP falls 0.8 pct q/q. PRAGUE, May 15- The Czech economy shrank by a surprising 0.8 percent in the first quarter as recession in the euro zone severely hit some export-oriented industries, mainly the car sector. The Czech Statistics Bureau said the year-on-year decline deepened to 1.9 percent.