The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
SAO PAULO, May 30 (Reuters) - Harvest of Brazil's 2019 coffee crop reached 22% of the area by May 28, ahead of the pace seen at this time last year and also faster than the average for the last five years, consultancy Safras & Mercado said on Thursday.
Farmers had collected 18% of the coffee late in May last year. The five-year average for this time is 19%, said Safras in a report.
Despite this year's quick pace, Safras coffee analyst Gil Barabach said the harvest in some areas, particularly in arabica producing regions, was hampered lately by rains. Weather has been wetter-than-normal in central Brazil for the last two months.
Coffee prices rose in recent sessions in New York, with some traders citing cold and rainy weather in Brazil as one of the reasons. Prices had been depressed for a long time, having touched a 13-year low recently.
The consultancy expects the worlds largest exporter to produce 58.9 million bags of coffee this year, the highest-ever volume for an off-year in the biennial production cycle.
Based on its production estimate and the harvest pace, Safras said 13 million bags of coffee had been collected by farmers so far. (Reporting by Marcelo Teixeira Editing by Tom Brown)