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☆ Chinese billionaire Jack Ma spotted in Bangkok - Thai media reports
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +2 min

BANGKOK, Jan 7 (Reuters) - Alibaba Group (9988.HK) founder Jack Ma was spotted socialising in Bangkok this week, having stayed out of the public eye since regulators in China launched a clampdown on his business empire in late 2021, social media posts and local media reports showed. Several local media also reported that Ma was at the restaurant with Supakit Chearavanont, Chairman of the Board of Charoen Pokphand Group (CP Group) and Charoen Pokphand Foods PCL (CPF.BK), Thailand's largest agribusiness group. Media also reported that Ma attended a boxing match at Bangkok's Rajadamnern Stadium where he posed with clenched fists for a photograph with Thai boxing champion Sombat "Buakaw" Banchamek. The Jack Ma Foundation did not immediately respond to Reuters' request for comment. Ma will give up control of the Chinese fintech giant Ant Group in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered soon after its $73 billion IPO was scupper two years ago.

☆ Goldman Sachs: Buy these 20 stocks poised for up to 50% upside over the long term as inflation cools down in 2023
▼ + stars: | 2023-01-05 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +4 min

Inflation is expected to cool down in 2023, partly due to the Inflation Reduction Act. Last March, Fed Chair Jerome Powell embarked on an aggressive interest rate-hiking cycle, while President Joe Biden signed the Inflation Reduction Act in August. 20 stocks to profit from taming inflationAccording to Lee, IRA tailwinds could drive over 50% upside in earnings or stock prices in 20 select stocks as early as 2023. Surprisingly, the 20 stocks poised to benefit from IRA also included names from energy services and financials, two sectors with "underappreciated upside," Lee wrote. Below are the 20 stocks Lee and his team identified as the biggest IRA beneficiaries.

☆ France's InVivo to buy one of the world's oldest malthouses in Belgium
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +1 min

PARIS, Jan 2 (Reuters) - Malteries Soufflet, a branch of French agribusiness group InVivo, said on Monday it had signed an agreement to take over Belgian malthouse Castle Malting, one of the oldest producers of the beer ingredient in the world. Castle Malting, called "La Malterie du Château" in French, is located near the castle of Beloeil in southern Belgium. Established in 1868, it is the oldest malting plant in the country and one of the oldest in the world. Belgium is famous for its beers offering a large variety of flavours, colours and alcohol strengths. Castle Malting would give Malteries Soufflet the opportunity to develop its activity in the higher value-added craft beer market where it is not very present, InVivo said.

Among Thursday's highlights were Marina Silva for environment minister and Senator Simone Tebet as planning and budget minister. Lula gave them key positions after they provided crucial endorsements for his narrow Oct. 30 election victory over outgoing President Jair Bolsonaro. One of Brazil's best-known environmentalists, Silva previously held the same ministerial position for five years during Lula's first term as president, overseeing a significant drop in deforestation. "She played an extremely important role in the campaign," Lula said of Tebet, who will oversee Brazil's budget and set up a multiannual plan with goals for the administration. Lula, who had previously disclosed 21 of the future ministers, also tapped other moderate figures to his cabinet in order to secure support in Congress.

☆ 'Coup-mongering' Bolsonarista's battle cry reveals a radicalized Brazil
▼ + stars: | 2022-12-28 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +9 min

Lots of people realized this wasn't a safe place," said Lucas Mello, a 22-year-old TikToker who has lived in the camp since Dec. 5. Three days after the riots, Moraes released Baldin, sent him home with an ankle bracelet, and barred him from talking to the media. "The heavily violent (protests) ... occurred in exactly the same context that motivated the temporary arrest of Milton Baldin," Moraes wrote in his sealed ruling. Bolsonaristas deride Moraes as an unelected despot who has censored free speech and trampled on the president's executive power. On Dec. 9, Bolsonaro broke weeks of post-election silence with an ambiguous message many viewed as encouragement to his protesting supporters.

[1/7] U.S. President Joe Biden delivers keynote remarks at a U.S.-Africa Business forum at the 2022 U.S.-Africa Leaders Summit in Washington, U.S., December 14, 2022. "The United States is 'all in' on Africa's future," Biden told African leaders attending a three-day summit in Washington. Beijing has held its own high-level meetings with African leaders every three years for more than two decades. For their part, many African leaders reject the idea that they need to choose between the United States and China. "The fact that both countries have different levels of relations with African countries makes them equally important for Africa's development," Ethiopia's U.N. ambassador, Taye Atske Selassie Amde, told Reuters.

☆ This digital platform is designed to help farmers protect their crops amid environmental changes
▼ + stars: | 2022-12-06 | by ( Sponsor Post | Created Insider Studios With Ibm | ) www.businessinsider.com time to read: +6 min

Spanish entrepreneur Alejandro Blaas Nacle is using tech to help farmers protect their crops. As CEO of Plataforma Tierra, he's tapping data to help farmers make informed agricultural decisions. Plataforma Tierra can also help farmers calculate the optimal amount of fertilizer to use based on the crop type grown and the soil. There's a tool to help farmers better understand their own soil management and a comprehensive pest-management tool. By participating in this type of community, farmers can learn, for example, about a newly discovered disease or an issue with crops on a neighboring property.

☆ Outperforming asset manager picks the stocks set to win as margins get squeezed
▼ + stars: | 2022-11-25 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

"Consumers are going to have their purse strings pulled by utility bills, higher mortgage costs, higher petrol prices, and there's going to be margin squeeze." He said wage pressure and higher commodity prices were particularly challenging and could eat into companies' margins. Luxury Luxury stocks are another favorite for Armstrong. Moreover, the "massive" profit margins of luxury companies are also insulated from increases in input prices, he added. Within the space, Armstrong's fund owns French luxury goods companies LVMH and Hermes , given their "defendable margins" and the ability to be price setters.

Today's EVs run on lithium ion batteries — mostly made with lithium, cobalt, manganese and high-grade nickel, whose prices have soared. The EVs of the future — those arriving after 2025 — could shift to sodium ion or lithium sulfur battery cells that could be up to two-thirds cheaper than today's lithium ion cells. China's CATL (300750.SZ) has said it plans to begin producing sodium ion cells in 2023. Michigan-based Amandarry and British startup AMTE Power (AMTE.L) are developing sodium ion batteries using sodium chloride — basically table salt — as the main cathode ingredient. Battery developers hope they can add sodium ion and lithium sulfur batteries to the range open to the auto industry.

☆ Brazil's Rumo profit soars on higher volumes, tariffs
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Nov 10 (Reuters) - Brazilian railroad operator Rumo SA (RAIL3.SA) reported on Thursday a six-fold jump in third-quarter profit, benefiting mainly from higher agribusiness cargo volumes in Brazil's Midwest plus higher tariffs. Rumo's net profit came in at 309 million reais, compared to gains of 51 million reais during the same period a year ago. Net revenues meanwhile totaled 2.95 billion reais, up by half versus the same three-month period last year, reflecting a nearly 24% rise in the volumes it transported, especially corn, and a 23% increase in tariffs. "Price dynamics for the second half of the year remain more favorable and freight prices showed an important correction throughout 2022," Rumo said in its quarterly report. Reporting by Aluisio AlvesOur Standards: The Thomson Reuters Trust Principles.

☆ It could be cheaper to dine out on Thanksgiving this year as CPI 'food at home' prices soar
▼ + stars: | 2022-11-10 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

watch nowWith grocery prices up sharply from a year ago, Thanksgiving is hitting households a lot harder this year. Per-pound prices for turkey, the holiday's biggest staple, are up 17% year over year, according to the latest inflation data. Other key ingredients rose even more: Eggs are up 43%, butter is nearly 34% higher and flour is up about 25%. For the first time, "Americans may actually find value in eating out" for the holiday, said Brad Rubin, sector analyst in Wells Fargo's food and agribusiness industry advisory group and co-author of the Thanksgiving report. Serving turkey on Thanksgiving is 'nonnegotiable'

☆ Brazil's rural boomtowns ensure Bolsonarismo's future
▼ + stars: | 2022-10-28 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +7 min

REUTERS/Gabriel StargardterCATANDUVA, Brazil, Oct 28 (Reuters) - The small city of Catanduva in the rural farm belt of Sao Paulo state has been ahead of the political curve in Brazil. The residents of Catanduva, who have benefited from robust Chinese demand for Brazilian commodities, are now fully behind Bolsonaro. Since Sahao stepped down in 2005, the PT has spent nearly two decades locked out of power at Catanduva's city hall. Across Sao Paulo, countless PSDB mayors and state lawmakers have, like Father Oliveira of Catanduva, thrown in their lot with Bolsonaro. Bassitt, the farmer, said the conservative values of rural, small-town Brazil were now the driving force in national politics.

Although Lula's 2003-2010 presidency effectively reduced destruction of the rainforest, he embraced traditional industrial development with little regard for emissions. In the United States, the progressive Green New Deal languished in Congress, while President Joe Biden adapted some of the ideas for his climate agenda. Marcio Astrini, the head of environmental lobby group Climate Observatory, said Lula's proposals were a promising blueprint, but added: "Whether it will happen in practice is another matter." By contrast, Bolsonaro's campaign has said little about his environmental proposals for a second term. [1/3] Macaws sit on a tree at the Amazon rainforest in Manaus, Amazonas State, Brazil October 26, 2022.

CHICAGO, Oct 26 (Reuters) - Agricultural commodities trader Bunge Ltd (BG.N) on Wednesday raised its full-year earnings outlook after adjusted third-quarter profit topped expectations, sending its shares up more than 5%. "We delivered strong quarterly results against the backdrop of a shifting operating environment," Chief Executive Gregory Heckman said. Rival agribusiness Archer-Daniels-Midland Co on Tuesday reported its strongest ever third-quarter profit and raised its earnings outlook. Bunge lifted its full-year 2022 earnings guidance to $13.50 per share as the profit outlook for its core business segments improved. The refined and specialty oils segment however turned in stronger quarterly earnings.

☆ Lower cattle prices to fatten Brazilian meatpackers' margins, analysts say
▼ + stars: | 2022-10-24 | by ( Nayara Figueiredo | ) www.reuters.com time to read: +2 min

SAO PAULO, Oct 24 (Reuters) - A decline in Brazilian cattle prices this year and strong demand for the country's beef exports will widen Brazilian meatpackers' margins in the short term, according to analysts, though weakness in the domestic market could undercut those gains. "The margins of slaughterhouses that export has improved," said Alcides Torres, director of Scot Consultoria. Beef prices in Brazil have been dropping on the back of a higher number of cattle coming to market as well as the more aggressive negotiating stances adopted by foreign buyers, especially China. A weaker yuan currency has pushed China, which accounted for almost 53% of Brazilian beef purchases in September, to press for discounts from sellers in the South American nation, Safras & Mercado analyst Fernando Iglesias said. Brazil's beef exports in October have already surpassed those from the same month in 2021, according to government data.

☆ Fiscal discipline 'non-negotiable' if Lula wins Brazil election -running mate
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

BRASILIA, Oct 24 (Reuters) - Fiscal responsibility will not be negotiable if leftist leader Luiz Inacio Lula da Silva wins next Sunday's presidential runoff vote, Lula's running mate Geraldo Alckmin said on Monday. Former Sao Paulo governor Alckmin did not elaborate on the new fiscal anchor. Register now for FREE unlimited access to Reuters.com Register"The first point is fiscal responsibility, which is non-negotiable," he wrote on Twitter. Priorities would include an increase in competitiveness, a reduction in production costs and the recovery of national industry, employment, and income, he said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Marcela Ayres; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

☆ Mayor of Brazil meatpacking hub probed amid wave of electoral coercion cases
▼ + stars: | 2022-10-21 | by ( Ana Mano | ) www.reuters.com time to read: +2 min

The sources said that Santa Catarina state labor prosecutors are running the investigation into Mayor Joao Rodrigues of Chapeco, a hotbed for Brazil's meatpacking industry. It will not if Bolsonaro remains president," Rodrigues said in a video seen by Reuters, addressing the local business community before stating his name and title. Brazil has seen a wave of complaints about Brazilian companies putting illegal political pressure on employees, amid the final stretch of a highly polarized presidential campaign. Electoral law prohibits Brazilians from promising benefits or making threats to steer votes toward or away from a particular candidate. In the final moments of the 55-second video, Rodrigues tells business leaders "to get to work."

☆ Can sustainable soya farming come fast enough to save the Cerrado?
▼ + stars: | 2022-10-18 | by ( Mark Hillsdon | Mark Hillsdon Is A Manchester-Based Freelance Writer Who Writes On Business | Sustainability For The Ethical Corporation | ) www.reuters.com time to read: +12 min

“Crop finance is a key part of soy farmers' business models and there is a huge appetite and market for green finance,” he explains. It’s a message consistent with the UK Soy Manifesto, which now covers 60% of the soy coming into the UK. Unlocking green investment means this can now happen, he adds, by supporting sustainable agriculture and protecting forests in a financially sustainable way that rewards farmers. And ultimately it is the involvement of these traders in screening out “bad soy” on which any sustainable soy scheme succeeds or fails. The Retail Soy Group’s roadmap commits members to deforestation-free soy with a cut-off-date of August 2020, but soy traders aren’t following these guidelines, says Wijeratna.

☆ Indian billionaire Gautam Adani was a college dropout. Now he may be too big to fail
▼ + stars: | 2022-10-10 | by ( Diksha Madhok | ) edition.cnn.com time to read: +11 min

Indian billionaire Gautam Adani’s conglomerate had just launched a hostile bid to take over an influential broadcaster in the capital. Rupak De Chowdhuri/ReutersMuch of his fortune is tied up in the sprawling Adani Group, which he founded over 30 years ago. Most of the companies in the Adani empire are held closely by the billionaire, his family and associated firms, including nearly 75% stakes in AEL, Adani Power, and Adani Transmissions. Yet, the Adani Group has continued to raise billions from Indian and foreign banks. CreditSights, a research firm owned by Fitch Group, in August published a report about Adani Group titled “Deeply Overleveraged” in which it expressed strong concerns.

☆ Bolsonaro's outsider aura dims after Brazil's four tough years
▼ + stars: | 2022-09-29 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +4 min

Brazil's President and candidate for re-election Jair Bolsonaro attends a campaign rally in Santos in Sao Paulo state, Brazil, September 28, 2022. REUTERS/Amanda PerobelliRIO DE JANEIRO, Sept 29 (Reuters) - Brazilian President Jair Bolsonaro once said only God could remove him from power. A career politician turned self-styled outsider, the tough-talking Bolsonaro was elected in 2018 on vows to clean up Brazil's graft-stained politics and modernize its economy. Prior to becoming president, Bolsonaro was known as a fringe conservative congressman, popular among police and soldiers in his Rio de Janeiro base. But with hunger still haunting some 33 million Brazilians, Bolsonaro is not getting much credit.

☆ Factbox: U.S. companies gird themselves as Hurricane Ian makes landfall
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +6 min

Sept 28 (Reuters) - Hurricane Ian makes landfall in Florida with Category 4 fury on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Since then, it has been working to redeploy offshore personnel after determining Hurricane Ian no longer posed a significant threat to its assets. A spokesperson said the company was monitoring the hurricane and making adjustments to operations to keep warehouse staff and drivers safe. Costco Wholesale Corp closed nine stores located in Florida due to an impact of Hurricane Ian. CRUISE OPERATORSWalt Disney Co's Disney Cruise Line on Tuesday canceled its Disney Wish ship that was to set sail from Florida on Friday.

Indigenous Sonia Guajajara, head of the Articulation of Indigenous Peoples of Brazil (APIB) organisation and candidate for federal deputy, takes part in an interview in Sao Paulo, Brazil, September 21, 2022. REUTERS/Amanda PerobelliSAO PAULO, Sept 22 (Reuters) - A record number of indigenous leaders, most of them women, are running for federal office in Brazil's election next month, in a backlash against the policies of President Jair Bolsonaro. "This election is crucial," said Sonia Guajajara, head of Brazil's main indigenous umbrella organization, the Articulation of Indigenous Peoples of Brazil (APIB), who is running for Congress. "Today, it is the women who are taking up the fight and leading the struggle of indigenous people in Brazil." Four decades passed before the election of another indigenous representative in Congress – a woman, Joenia Wapichana, from the state of Roraima.

☆ As war, drought hit global crops, Argentina gambles on GM wheat
▼ + stars: | 2022-09-20 | by ( Maximilian Heath | ) www.reuters.com time to read: +9 min

It was the first GM wheat strain in the world to receive such approval. No other global seed company has publicly endeavored to develop GM wheat since 2004, when giant seed maker Monsanto, now owned by Bayer AG, dropped plans to develop GM wheat that could withstand its weed killer Roundup. In 2020 he had threatened to halt wheat imports from Argentina after its government approved Bioceres' GM wheat. A new landmark is the recent approval in Nigeria, the only country to fully approve imports of HB4 wheat grains. Trucco said Russia's invasion of Ukraine and severe droughts in Europe and China had shifted the needle on drought-tolerant GM wheat.

☆ Brazilia urmează să inunde piaţa din întreaga lume, cu zahăr
▼ + stars: | 2021-06-16 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +3 min

Brazilia urmează să inunde piaţa mondială cu zahăr, pe măsură ce tranziţia la automobilele electrice va reduce cererea pentru biocombustibili produşi din trestie de zahăr, arată un studiu publicat de Soren Jensen, fost director la traderul de zahăr Alvean, transmite Bloomberg.Conform documentului, cererea pentru etanol, care în Brazilia este produs în principal din trestie de zahăr, ar urma să înceapă să scadă în 2030, pe măsură ce automobilele electrice vor deveni mai răspândite. În plus, va fi o lovitură pentru acei producători de etanol care recent şi-au majorat capacităţile de producţie. "Este clar că adaptarea la noile tehnologii va reprezenta o ameninţare semnificativă pentru sectorul rafinării zahărului din Brazilia. În perioade în care există un surplus de zahăr, companiile braziliene de procesare de trestie produc mai mult etanol, ceea ce în multe cazuri contribuie la reducerea supraofertei mondiale de zahăr. Adoptarea automobilelor electrice înseamnă că Brazilia îşi va pierde capacitatea de a echilibra piaţa mondială a zahărului, afectând alte state producătoare care se luptă deja cu scăderea consumului pe măsură ce consumatorii preocupaţi de sănătatea lor evită zahărul.

Persons: Soren Jensen, susţine, Jensen, Brazilia îşi Locations: Brazilia, Americii, Thailanda, India

☆ De ce va ajunge Brazilia să „inunde” piața mondială cu zahăr
▼ + stars: | 2021-06-16 | by ( ) www.jurnal.md time to read: +3 min

Sursa foto: orientbazar.roDe ce va ajunge Brazilia să „inunde” piața mondială cu zahărPiața mondială de zahăr va avea un surplus de producție în perioada următoare, în contextul tranziției globale spre automobilele electrice și a renunțării la biocombustibili produși din trestie de zahăr în Brazilia. Aceasta va lăsa procesatorii de trestie de zahăr din cel mai mare exportator mondial fără altă opţiune decât să producă mai mult zahăr. „Este clar că adaptarea la noile tehnologii va reprezenta o ameninţare semnificativă pentru sectorul rafinării zahărului din Brazilia. Procesatorii brazilieni de trestie de zahăr pot face rapid trecerea de la producţia de zahăr la cea de etanol, ceea ce le permite să răspundă la modificările de pe piaţa mondială a zahărului. Folosirea automobilelor electrice înseamnă că Brazilia îşi va pierde capacitatea de a echilibra piaţa mondială a zahărului, afectând alte state producătoare care se luptă deja cu scăderea consumului pe măsură ce consumatorii preocupaţi de sănătatea lor evită zahărul.

Persons: susţine, Jensen, Brazilia îşi Locations: Brazilia, Agerpres, Americii, Thailanda, India, agribusiness

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