Basic Materials

Cocoa Prices Push Near Record Levels As Global Shortage Continues to Impact Market

Cocoa prices keep going up for a fifth consecutive day due to a shortage in supply, prompting concerns for traders and growers in countries like Ghana.


Home Depot to Open 4 New Distribution Centers for Home Professionals

Home Depot unveiled on Thursday its plan to open four new distribution centers explicitly designed for the needs of remodelers, contractors, and other home professionals...

Tech Envy on Business Sector

A poll of tech worker habits by software firm Nintex revealed that public and private sector employees are hungry for automation, and rely on mobile apps and the cloud to get work done...

Outlining Strategies

The NEC had alrady laid an outline strategy regarding on how to boost kery service sectors...


Latest News

Zimbabwe Government Robbed of Wealth, Takes Control of Diamond Mining Fields
The Zimbabwe government will now take control all of the mining fields in the country as the state is being robbed of its wealth. Billions of dollars have been stolen from the nation's treasure chest
China to lay off 6 million state workers
China has decided to layoff millions of workers from 'zombie enterprises' in the next two to three years. For relocating retrenched workers, the government will spend Yuan 100 billion ($15.27 billion)
Israeli investment firms get $665 million in 2016
Israel is witnessing an increasing number of new venture capital (VC) firms coming up. The country registered an inflow of $665 million VC funding during the first two months of the year. Unfazed wit
New policies unveiled to push China's economy
China has unveiled a series of new initiatives to push its economy growth rate. The government is keen on meeting the increasing demand in small and medium-sized homes. Another set of new rules for ac
Chinese industrial overcapacity posing a major threat to global economy
Industrial overcapacity in China may have adverse impact on the domestic market and global economy. A number of new units came up owing to easily available loans and government subsidies in the world'
Copper prices climb as China's steel industry looks promising
The renewed signs of prospects in China's steel industry propelled the copper prices move up on Monday to the highest in two weeks. Investors also reacted positively to the China's securities regulato
Deflation in steel, other commodities dent Japan's export basket
Japan's exports were badly hit by the steep drop in steel prices and other commodities. The world's third largest economy's exports fell 12.9 percent on the year in January to Yen 5.35 trillion ($47.1
Anglo American loss widens on write-downs
Anglo American Plc suffered a pre-tax loss of $5.5 billion (£3.8bln) for 2015 year. The 2015 loss was more than twice the loss incurred in 2014. As part of its future strategy, Anglo American is plann
Iluka ceases production at Jacinth-Ambrosia project; to trim 33 jobs
Iluka Resources said it will cease production in zircon operation at Jacinth-Ambrosia project in South Australia following fall in zircon prices. The company's decision will positively impact the glob
Canada Almost Sold Half of its Gold Reserves
Over the recent weeks, Canada has been seen quietly disposing of its gold reserves, so much that the reserves now stand at 0.62 tons. The decision to sell the yellow metal is said to be issued straigh
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