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- EU approves merger of two Brazilian orange juice companies
European Union regulators Wednesday approved the merger of two Brazilian orange juice companies, saying the proposed deal will not impede competition in Europe.Переслать - S. Korea considering investing in yuan securities
South Korea said Thursday it is considering investing part of its foreign exchange reserves in yuan-denominated Chinese securities to diversify its portfolio and shield it from the volatile dollar.Переслать - Asian nations aim to boost trade in local currencies
Finance ministers from Southeast Asia, Japan, South Korea and China agreed on Wednesday to look at ways of increasing the use of their own currencies in trade transactions.Переслать - Fitch rates Ukraine's Agroton at 'B-'; Outlook Stable
Fitch Ratings has assigned Agroton Public Limited (Agroton) Long-term foreign and local currency Issuer Default Ratings (IDR) of 'B-'. Fitch has also assigned a National Long-term rating of 'BBB(ukr)'. The Outlook is Stable, the rating agency said in a statement.Переслать - KSG Agro stock almost 4% up on debut
Stocks of Ukrainian company KSG Agro were 3.86% up to PLN 22.85 (USD 1/PLN 2.7) during the first day of trading at Warsaw Stock Exchange (WSE).Переслать - Resolution on abolishment of corn export quotas comes into force
Since May 5, Ukraine abolished corn export quotas that had to be in effect till June 30.Переслать - UN - Grain yield will sharply grow in Ukraine
In Ukraine, the grain yield will sharply grow this year following a severe drought last summer, senior economist and analyst of the grain market at the UN Food Agriculture Organization (FAO) has said.Переслать - After launching WIG-Ukraine, WSE mulls more country-dedicated indexes
After launching the WIG-Ukraine index on May 4, the Warsaw Stock Exchange (WSE) does not rule out creating subsequent country-specific indexes, e.g. those comprising companies from CEE countries or Eastern European ones, the WSE's CEO Ludwik Sobolewski has announced. Such indexes would be more feasible, if firms from Russia, Georgia or Armenia head for the Warsaw bourse, he added.Переслать - Warsaw. Think tank IBnGR expects GDP growth at 3.7% in 2011, 4.1% in 2012
The economic growth will likely amount to 3.7% in 2011 and will inch up further to 4.1% in 2010 (vs. last year's seasonally unadjusted 3.8%), according to the latest macroeconomic forecasts published by the Gdansk Institute for Market Economics (IBnGR).Переслать - How did they do? Ukrainian agroholdings' performance
Now that the government is getting ready to drop export quotas and tax exports directly, we have had some time to look company performance. Also the 2010 reporting year is almost complete and we expect Astarta and Sintal to be coming out shortly.Переслать - Pepsi has weak first quarter
Income for PepsiCo, Inc. during the first quarter was down 20% on rising costs despite a 27% increase in revenue. For the quarter ended March 19, the company had income of $1,143 million, equal to 71c per share on the common stock, which compared with income of $1,430 million, or 89c per share, during the same quarter of the previous year. Revenue for the quarter was $11,937 million, up 27% from $9,368 million during the same quarter of the previous year.Переслать - Associated British Foods has lacklustre results
The company reported that underlying earnings for the half year to March 5 were, at 32.9p a share, up 8% year on year, but that its forecast rise in full year earnings would not occur thanks to lower-than-expected profits at its Primark clothing retail division. "Higher cotton prices are having an impact on our clothing retail business," George Weston, the group's chief executive, said.Переслать - AGCO reports strong 1st quarter
Agco raised its 2011 revenue target to $8.3bn-8.5bn, from $7.6-7.9bn following a January-to-March period in which group revenues rose by more than one-third to $1.8bn, driven by a jump of more than one-half in takings in Europe, Africa and the Middle East, the company's biggest division.Переслать - China may restrict foreign investment in edible oils sector
China's newly amended Catalogue for the Guidance of Foreign Investment Industries may restrict foreign investment from the country's edible oil market to some extent. The new guidance is still not official as the government is looking for feedback before official publication.Переслать - Prime Minister is dissatisfied with agrarian fund
Ukraine's Prime Minister, Mr. Azarov is dissatisfied with forward grain purchases by the Agrarian Fund which has only been able to contract for 440 thousand tons. Clearly farmers aren't prepared to sell for cheap unless they are in dire straits. The Prime Minister should instead of criticizing the fund should look at the efforts of its monopoly buyer – KhlibInvestBud.Переслать - Ministry predicts 50% increase in exports
The director of the agrarian markets department at the Agrarian Policy and Food Ministry, Anatoliy Rozhon said that the government believes the harvest in 2011 will be between 42-45 million tons and exports will reach 19 to 20 million tones. In the current marketing year exports will reach 13,5 million tones.Переслать - Japanese economy to start recovering in second half of year
The Japanese economy will be suffering a setback until June following a disastrous earthquake and tsunami in March this year, but will start actively recovering in the second half of the year.Переслать
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