Australia’s huge Cyclone Yasi forced a copper refinery and coal mines to shut and paralyzed sugar and coal exports as it began pounding the northeast coast on Wednesday, threatening to further inflate world sugar, copper and coal prices.
Stocks rose, sending Europe’s benchmark index to the highest level since before Lehman Brothers Holdings Inc.’s bankruptcy, amid speculation the economy can withstand the region’s government-debt crisis. The euro weakened, while copper, gold and sugar advanced.
European stocks rose, erasing losses since Lehman Brothers Holdings Inc.’s collapse, on speculation the economy can withstand the region’s sovereign-debt crisis. U.S.
Farmers, who would normally order their seeds around now for planting early next year, say they are unsure what to do.
Copper, sugar and rubber futures slumped their daily limit in China, with copper set for its biggest four-day slide since 2008, on speculation the government will take steps to cool inflation, damping commodity demand.
Investors should be “long” commodities, including crude oil, copper, corn, sugar and palladium, as holdings will return 17 percent over the next 12 months, JPMorgan Chase & Co. said in a report.
NEW YORK (AP) — The makers of high fructose corn syrup want to sweeten its image with a new name: corn sugar.
A federal district judge said the Agriculture Department needed to better assess the environmental consequences.
Tate & Lyle sold its European sugar operations to American Sugar Refining, breaking a 150-year link to sugar in favor of low-calorie sweeteners.
Sugary drinks cost much less than they used to and Americans drink more of them, raising costs for society as it copes with the obesity epidemic.
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