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Turkey: Surprise rate cut sends lira to a new record low aljazeera.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aljazeera.com Daily Mail and Mail on Sunday newspapers.
Here’s who wins and who loses from the surge in commodity prices Image: Shutterstock The world’s recovery from the coronavirus pandemic has sent prices for energy, metals and food soaring, helping big commodity exporters while hammering those nations that buy the bulk of their raw materials from others. Commodities as a whole have risen more than 20% this year, and around 50% in the case of crude oil. The Bloomberg Commodity Spot Index is at a decade high and heading for its fourth-straight monthly increase. Big Oil companies and miners, awash with cash, are returning billions of dollars to shareholders through dividends and buybacks. ....
Here's who wins and who loses from the surge in commodity prices moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
MONEYWEB app instead? Agricultural union estimates losses for KZN farming community to be in the hundreds of millions of rands. By Prinesha Naidoo, Janice Kew and Loni Prinsloo, Bloomberg 14 Jul 2021 06:24 Open: Open: Open: South Africans are expected to face major food shortages in the wake of days of violent unrest across two key provinces, as rioters upend supply chains by looting supermarkets and torching goods trucks. Footage of empty or sparse grocery-store shelves has been a staple of local news reports since the weekend, while chains such as Shoprite Holdings Ltd. and Pick n Pay Stores Ltd. closed many outlets altogether. In parts of Durban, the coastal KwaZulu-Natal city at the center of the upheaval, long queues formed outside the few open food shops and basics such as bread and milk were in short supply. ....