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ADM scaling back global sugar trading - sources

2015-05-26 08:45:51| Sugar Industry News

LONDON, May 22 (Reuters) - U.S. agribusiness Archer Daniels Midland Co is scaling back its modest-sized sugar trading operations and the London-based head of that business has left after less than four years, trade sources said, a sign of the sugar market's deepening woes.

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UPDATE 1-ADM scaling back global sugar trading - sources

2015-05-23 06:19:31| Agriculture - Topix.net

U.S. agribusiness Archer Daniels Midland Co is scaling back its modest-sized sugar trading operations and the London-based head of that business has left after less than four years, trade sources said, a sign of the sugar market's deepening woes. Alberto Peixoto joined as global head of the company's sugar desk 3-1/2 years ago, according to his LinkedIn profile.

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Germany's Merkel calls global emission trading system

2015-05-16 17:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: German Chancellor Angela Merkel called on Saturday for the European Union's Emissions Trading System (ETS), the bloc's flagship policy to cut greenhouse gas emissions, to become a global system. Thousands of power plants, factories and airlines in Europe have to surrender an allowance for every tonne of heat-trapping gas emitted. However, a surplus of allowances has depressed their price on the ETS and has made it cheaper to burn coal than to switch to greener fuels. "This instrument would...

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Galapagos Receives a Rousing Welcome on Its First Day of Trading

2015-05-16 04:37:48| Biotech - Topix.net

On Thursday, the company's first day of trading on the Nasdaq , shares of the Belgian biotech firm climbed 20.10% -- and reached $50.50 by the market's close. Onnon van de Stolpe, the company's founder and CEO, showed his pleasure in an interview with TheStreet , saying he was "very happy to be on the Nasdaq."

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NZX halts trading in dairy derivatives on information errors over GDT forecast offer

2015-05-15 11:12:21| Food - Topix.net

NZX Regulation, the supervisory arm of the stock market operator, has placed a trading halt on dairy futures and options after technical errors led to discrepancies in information detailing how much product Fonterra Cooperative Group plans to offer in next week's GlobalDairyTrade auction, a benchmark for the derivatives. Trading was halted at 11.07am today "pending a correction to the announcement regarding the Fonterra Offer Quantities for the GlobalDairyTrade auction released yesterday afternoon," NZX Regulation said in a statement.

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