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- Top news: Asian Currencies Weaken on Earthquake in Japan, Economic Growth Concern
Asian currencies fell this week, led by South Korea's won and the Philippine peso, as a major earthquake in Japan spurred demand for dollars and yen, while signs the global recovery is losing steam deterred risk-taking.Переслать - Top news: Interest rates important in China's fight against inflation
China's Central Bank governor Zhou Xiaochuan said that interest rates, rather than the yuan's exchange rate will be the main tool used to curb inflation, which remained at a high of 4.9 percent in February.Переслать - Top news: Japan earthquake rocks global stock markets
World equities slid and the safe-haven yen steadied in volatile trade Friday after a huge earthquake in major economic power Japan, as dealers tracked a eurozone summit and unrest in the Arab world.Переслать - Top news: Experts expect further acceleration of inflation
Consumer inflation in Ukraine will grow from the second quarter of 2011, an analyst at the Phoenix Capital investment firm, Oleksandr Lozovy, has forecast.Переслать - Top news: Smithfield CEO expects pork prices to keep rising
Smithfield Foods CEO Larry Pope declared Thursday that pork wholesale prices are "the best I've seen in 30 years in the business" and said retail prices will likely rise further this year.Переслать - Top news: Corn growers to explore payment shift
The National Corn Growers Association has resolved to look into shifting direct payments from the federal government into programs that provide a safety net for farmers.Переслать - Top news: Oil hits high
Oil prices continued to set post-recession highs Monday as forces loyal to Moammar Gadhafi pounded rebels near a key oil port in Libya.Переслать - Top news: Oil prices are a boost for ethanol
Crude oil rose a dollar Monday to a 33-month high of $105.44, but there's a silver lining for Iowa: The rising crude price should continue to provide a tailwind for the state's ethanol industry.Переслать - Top news: Data watch
UK The Council of Mortgage Lenders said that the number of loans approved for house purchases fell to 28,500 in January, a drop of 12 per cent from one year earlier when snow kept buyers away and down 29 per cent from Deember of 2010. British factory gate inflation rose to its highest annual rate in more than two years in February, led by surging oil and food prices, official data showed on Friday. The figures were in line with expectations but will still worry the Bank of England at a time when consumer price inflation is already double its 2 per cent target. The Office for National Statistics said producer output prices rose 0.5 per cent on the month for an annual rise of 5.3 per cent -- up from a revised annual 5.0 per cent in January and the highest since October 2008.Переслать - Top news: Oil price surges on Saudi protest fears
Hundreds of police were deployed in the Saudi capital on Friday ahead of planned protests calling for democratic reforms, although the streets were reported to have remained calm.Переслать - Top news: Sberbank buys Troika Dialog investment house for $1 bln
Russia's top bank Sberbank, which intends to develop its investment business, signed an agreement of intent on Friday to buy 100% of the country's leading investment house Troika Dialog for $1 billion, Sberbank head German Gref said.Переслать - Top news: Bank of England holds key interest rate at 0.50%
The Bank of England on Thursday kept interest rates at a record low 0.50 percent, where they have now stood for two years, as it opted against lifting borrowing costs to fight high inflation.Переслать - Top news: Agroindustrial complex shows growth
In 2010, a confident growth was observed in all key sectors of the Ukrainian agriculture, the Economic Development and Trade Ministry of Ukraine informed.Переслать - Top news: Direct investments will grow to USD 7 billion in 2011
Direct foreign investments (DFI) in Ukraine in 2011 will grow by 7.7% against 2010 and will make up about USD 7 billion, Executive Director of the International Blazer Foundation Oleh Ustenko has aired such a forecast.Переслать - Top news: Azarov: No threat of default in Ukraine
The financial situation in Ukraine is absolutely stable and there is no threat of default in the country, Ukrainian Prime Minister Mykola Azarov said at a final press conference entitled "The First Year of Government: A Turn Towards a New Quality of Life" on Friday.Переслать - Top news: Asian boom may slow global recovery
Demand from rapidly developing Asia is propelling price rises that will hamper the global economic recovery in advanced countries, Australia's reserve bank chief has warned.Переслать - Top news: S. Korea raises key interest rate to 3%
South Korea's central bank on Thursday raised its key interest rate by 25 basis points to 3.0 per cent to control a surge in inflation.Переслать - Top news: China returns to trade deficit in February
China said Thursday it had returned to a trade deficit in February for the first time in nearly a year, in line with efforts to wean the world's number two economy off its reliance on exports.Переслать - Top news: Russian agricultural holding to invest $12 million in Poltava pig complex
Russian agro-holding BEZRK-Belgrankorm launches in Ukraine a new project worth $12 million. The money will be invested in building a powerful pig complex in Poltava region (center of Ukraine).Переслать - Top news: About 100 foreign funds ready to invest in Ukraine
BG Capital Vice President on Corporate Finance Yevhen Cherviachenko forecasts that in 2011 about 15-20 Ukrainian companies will be working over IPO in 2011.Переслать - Top news: Expert: Inflation will hardly be kept within 8.9% this year
Taking into consideration the growing prices for oil, the government will hardly manage to keep inflation within 8.9%, laid down in the state budget for 2011. Those are comments made by Director of Foyil Securities Analytical Department Agshin Mirzazade on inflation data for February, published by the State Statistics Service.Переслать - Top news: Ukraine, Bangladesh agree to cooperate in agroindustrial sector
Ukraine's Minister of Agricultural Policy and Food Mykola Prysiazhniuk and Minister for Food and Disaster Management of the People's Republic of Bangladesh Mohammed Abdul Razzaq held talks in Kyiv with a view to expanding trade relations in the supply of agricultural and food products to the markets of both countries, the Ukrainian ministry reported.Переслать - Top news: Milk and meat subsidy announced – maybe
Although we are in mid March, and the budget was adopted in December last year, the government is finally getting to the issue of providing its often promised subsidies for meat and milk. Generally the current government has often said it wishes to support the development of large scale meat and milk operations and see the curtailment of household production.Переслать - Top news: World Bank survey shows ukrainians are against farmland sales
A survey released yesterday, or Ukrainian agricultural land owners, conducted on behalf of the World Bank showed that 52% of respondents were against land sales. Although 41% favored land sales, they indicated that the buyers should be Ukrainians only. Also over 64% favored retaining the current system of land leasing, and indicated they wouldn't sell even if they could. These results suggest that change will not happen soon if the government is listening to the people.Переслать - Top news: Government blames global price trends for ukraine's inflation
Prime Minister Azarov said yesterday that global food and energy price increases are responsible for the fact that February's inflation rate was three times as high as in January. However while there is a reasonable connection between global developments and Ukraine's energy prices, the government has done everything possible to prevent the existence of that link between Ukraine's domestic wheat price with global dynamics. It seems apparent the government is not prepared to admit policy failure.Переслать - Top news: The state reserve finally starts flour production
Now that Ukraine's internal flour prices have skyrocketed, the government finally decided to respond by sending 18,000 tons from the state reserve to state owned millers for milling. Of course 18,000 tons is insignificant considering the government has accumulated over a million tons of wheat, and domestic demand for flour based products is on average 500,000 tons a month. The response seems inadequate.Переслать - Top news: Parliament tells the government to control bread prices
Ms. Natalia Korolevskaya, head of the parliamentary committee for Industrial and Regulatory policy told the Prime Minister he needs to take responsibility for the situation with bread prices. Ms. Korolevskaya wrote yesterday to the Prime Minster and pointed out that Ukrainian flour prices are the equivalent of 80 cents, whereas in the US they are 30 cents, in France 34 cents, and Georgia 45 cents for a Kilogram.Переслать - Top news: Ministry of AG tries to develop biofuel – again
Yesterday the Deputy Minister of Agriculture raised the issue of transforming Ukraine's multiple distilling plants into producers of bio fuel. Although the distilleries are running at 24% capacity, the issue is not that simple, as the country would need to adopt blended fuel standards and then enforce them.Переслать - Companies news: Soufflet malting profits fall at Slavutskii malting factory
Slavutskii Malting Factory, announced yesterday that profits fell 70% to 16,7 million hryvnia in 2010, from 58,6 million in 2009. The malting factory, one of the biggest in Ukraine is 67% owned by Compagnie Internationale De Malteries, France, a subsidiary of Soufflet, and 24% by EBRD. We have no information on who owns the remainder of the shares.Переслать - Companies news: Illichivsk maslozhyrnii zavod announces 900 million investment
According to Odesa Oblast administration, Illichivsk Maslozhyrnii Zavod plans a 900 million Hryvnia investment program from 2011 to 2014. The investment program is to expand the range and quality of products. Of interest is the fact that the investment is mostly geared towards the production of processed oils for food producers. Clearly the company sees both growing consumer spending and spending on prepared foods increasing.Переслать - Companies news: Suntrade buys elevator in Odesa
Suntrade received permission from the antimonopoly commission to buy an elevator in Vyhoda, Odesa Oblast. Suntrade is owned by Bunge, and the purchase indicates the US company is not frightened off of its expansion plans irrespective of government efforts to monopolize the grain market. Last week Bunge announced a $100 million port acquisition.Переслать - Companies news: GIRA predicts continued strong demand for poultry for 10 years
The international meat consultancy GIRA published a report on Monday whose conclusion was that during this decade, 60% of the increased world demand for animal protein will be for poultry. Poultry will overtake pork as the world's most popular meat by 2020, the report claimed. According to the report forecast demand for animal protein would grow by 40 million metric tons in the next 10 years, about 14% of the current total, with about 24 million tons of the increase consisting of poultry meat. The category will grow at twice the rate of pork, which is now the most popular animal protein around the world.Переслать - Top news: CBH predicts increased demand for canola
The Australian grain merchant predicts that demand for canola in the EU will likely increase this year as the EU is continuing to support bio diesel production. We agree and think this represents a good opportunity for Ukrainian producers. Currently Ukraine is expected to produce close to 2 million metric tons of rapeseed, similar to canola, and strong demand will help.Переслать - Top news: European Central Bank Says Rate May Rise Soon
The European Central Bank signaled Thursday that it could raise interest rates as soon as next month in response to intensifying inflationary pressures. Such a move would be likely to lead soon to higher borrowing costs for homeowners and businesses.Переслать - Top news: Global investors pull out $21 bn from emerging markets this year
Global investors have pulled out a whopping $21 bn (Rs 94,485 crore) so far this year from equity funds in emerging markets, amid rising inflation concerns and continuing political turmoil in the Middle East.Переслать - Top news: Indonesia downsizes plans for state IPOs
Indonesia has scaled back its listing plans for state-owned companies this year, reflecting reduced investor appetite for emerging markets and wariness after last month's disappointing stock market debut of Garuda, the national carrier.Переслать - Top news: UK economy growth forecast for 2011 cut by BCC
The UK economy will grow by less than expected in 2011 but growth in 2012 will be better than predicted, the British Chambers of Commerce forecasts.Переслать - Top news: Ongoing global recovery faces two-speed growth, structural changes: IMF advisor
The global economic recovery is gaining momentum, but is confronted with challenges including a two-speed recovery pace among emerging markets and advanced economies as well as underlying structural changes, Zhu Min, special advisor to the Managing Director of the International Monetary Fund (IMF), said on Monday.Переслать - Top news: Oil prices ease as Saudi downplays supply fears
Saudi Arabia's assurances that it would counter any disruptions of the global oil market pushed crude prices down on Tuesday, but Libya's ongoing turmoil kept a floor on the market.Переслать - Top news: Analysts say Libya crisis can push oil prices past US$200
Escalating violence in Libya risks widespread disruption to global oil supplies that could send crude prices to record highs above $200, according to analysts.Переслать - Top news: Geithner bullish on global economy
The US Treasury Secretary said on Tuesday the global economy was at its healthiest for several months, in bullish remarks on a whirlwind trip to Germany where he also discussed the euro crisis.Переслать - Top news: Experts say investors interested in Ukrainian agriculture
In 2010 there was a large number of M&A transactions (Mergers & Acquisitions) in the field of agriculture. This trend is also typical for early 2011, Yaroslav Sverdlichenko, Law Offices of ONP partner, said during a roundtable entitled "Money for Business. Financial Instruments and their Usage," UKRINFORM reported citing LIGABusinessInform.Переслать - Top news: Grain export quotas extended until June 1
Grain export quotas will be extended until June 1, 2011 in order to stabilize the prices of agricultural products, Head of the Analytical Department at the Association of Ukrainian Grain Traders Artem Korytsky has said.Переслать - Companies news: Kernel wants to buy Russian sunoil company
Ukraine's largest sunflower oil producer, Kernel Group of Companies, announced plans to purchase a Russian company, Kernel's Investor Relations and Business Development Director Patrick Conrad has said.Переслать - Top news: Prime Minister believes deflation impossible in country
Taking into consideration the internal state and world economic trends, deflation is impossible in Ukraine, Prime Minister Mykola Azarov told the government's meeting.Переслать - Top news: Food crisis, Middle East unrest dash Russia's hopes for low inflation
The global food crisis and turmoil in the energy-rich Middle East are likely to dash the Russian government's hopes of holding inflation to an all-time low this year.Переслать - Top news: ASEAN's role growing as Asia becomes centre of global economic growth
Asia is now the centre of global economic growth, and this makes the role of ASEAN more critical than ever before, said Dr Surin Pitsuwan, Secretary-General of ASEAN.Переслать - Top news: India eyes ways to boost foreign investment
India said Friday it is seeking ways to boost foreign investment needed to fund a US$1 trillion plan to overhaul its dilapidated infrastructure -- seen as vital to boosting economic growth.Переслать - Top news: UK facing 1970s-style oil shock which could cost economy ?45bn – Huhne
Переслать - Commentaries: AVANGARD ANNOUNCES WHAT IT PLANS TO DO WITH ITS MONEY
Over the last few weeks we made critical observations regarding financing of Ukrfarmland, the other entity owned by Oleh Bakhmatiuk.Переслать
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