Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
ABIDJAN, May 13 (Reuters) - Ivory Coast's cocoa mid-crop could be reduced in quality and length if abundant rain fails to arrive this month, farmers said on Monday, as cocoa regions continue to experience atypically dry weather.
The rainy season in the worlds top cocoa producer has been slow to start, and farmers fear the April-to-September mid-crop could be cut short due to the lack of rain.
Some farmers said it was too early to be pessimistic as abundant rain from mid-May onward would still boost the crop. They said plenty of pods were being harvested and that they did not expect to see big beans before the end of June.
"It's very hot, and we now need good rains for small pods to develop well," said Basile Yoro, who farms near the western region of Soubre, at the heart of the cocoa belt.
"Many beans are being purchased in the bush," said Yoro.
Data collected by Reuters showed that rainfall in Soubre, which includes the regions of Sassandra and San Pedro, was at 5.5 millimeters (mm) last week, 28.5 mm below the five-year average.
Similar forecasts were made in the southern regions of Agboville and Divo and in the eastern region of Abengourou, where rainfall was also below average.
But in the center-western region of Daloa, which produces a quarter of national output, farmers remained concerned by the weather.
"The great rains are late this year and it's very hot. We worry the mid-crop won't be abundant," said Raphael Kouadio, who farms near Daloa.
Data showed that rainfall in Daloa, including the region of Bouafle, was at 9 mm last week, 15 mm below the five-year average.
Farmers reported similar conditions in the central regions of Bongouanou and Yamoussoukro.
Average temperatures ranged between 27.8 and 30.8 degrees Celsius. (Reporting by Loucoumane Coulibaly, Editing by Sofia Christensen and Ed Osmond)