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South America

White Corn Harvest As Strong Rand Makes Imports Cheaper

South Africa to import white corn from South America due to severe drought

South Africa plans to import 5 million tonnes of white corn from South America as the worst drought since 1992 continue to ravage the area, according to Grain SA, the biggest producers association in the country.

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BrewDog

Craft beer maker BrewDog turns to Crowdcube for GBP25M fund raising

As part of its business expansion drive, craft beer maker BrewDog is raising funds through Crowdcube, which is UK's biggest crowdfunding platform. The Scottish BrewDog will raise GBP 25million though two crowdfunding routes by next April.

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French farmers

Food prices at its lowest in 6 years: Here are the reasons why

The UN FAO reported low food price index - the lowest in six years. If the situation persists, the price drop will be welcomed by consumers globally, which is also beneficial for poor countries. But the plentiful supplies of these products may also have a negative impact for farmers with prices not enough to cover for production costs.

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Li Keqiang

China's Premier Li sees growth of 7.0 percent in 2015

China's economy is expected to grow at 7.0 percent this year, Chinese Premier Li Keqiang said on Monday. Speaking at the headquarters of the United Nations' Latin American arm ECLAC in Chilean capital Santiago, Li said that data in April and May data showed the Chinese economy had maintained momentum.

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Cars

Detroit automakers face speed bumps as sales growth slows

Detroit's automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead.

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Ford

Ford first-quarter profit misses expectations, 2015 profit outlook affirmed

Ford Motor Co (F.N) reported a first-quarter profit that was less than analysts expected, selling fewer vehicles in North America as it worked to increase production of the redesigned F-150 pickup truck, and losing money in South America.

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Gold Mining

German watchdog sees no signs of gold, forex manipulation

Investigators at German financial watchdog Bafin have not discovered any signs of systemic efforts to manipulate currency benchmarks, rather, only individual efforts, banking supervisory head Raimund Roeseler said in a newspaper interview on Tuesday.

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Dan Ammann

GM president: U.S. economy holding up, other regions slowing or soft

General Motors Co President Dan Ammann on Monday said he expects "more of the same" next year from a U.S. auto market that has been growing slowly, while he is bracing for continued soft demand in other parts of the globe.

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Ford

Ford sees improving conditions in the Americas by 2020

Ford Motor Co (F.N) expects North American sales will rise to 3.5 million vehicles by 2020 from 2.9 million in 2013, executives said at an analyst briefing on Monday at company headquarters.

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Lamudi

Real estate listing platform Lamudi gets USD7 million funding

Rocket Internet's Lamudi has received USD7 million funding from Tengelmann Ventures and other new investors left undisclosed, reported TechCrunch.

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Crittercism

San Francisco mobile app performance platform Crittercism takes home $30M in funding

San Francisco, US-based mobile app performance startup Crittercism took home $30 million in a funding round led by Scale Venture Partners for its expansion and enterprise initiatives.

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Hot Hotels

Irish hotel booking startup Hot Hotels bags $1M for international expansion

Ireland-based same-day hotel booking startup Hot Hotels bagged $1 million (€730,000) in funding from private investors and accelerator funds to fuel its expansion into Europe and South America.

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Rise Capital

US venture capital firm Rise Capital to raise $146M to back startups in emerging markets

San Francisco, US-based venture capital firm Rise Capital is set to raise $146 million to back startups in Africa, South America, and other emerging markets.

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Foreign Investment

Foreign direct investment in Seoul reaches five-year record high

Based on data gathered by the Seoul Metropolitan Government, foreign direct investment (FDI) poured into Seoul, South Korea, reached $6 billion in 2013, an all-time high since the global financial crisis hit in 2008.

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Sinclair Knight Merz

Jacobs completes merger with Sydney-based Sinclair Knight Merz

US-based professional technical services provider Jacobs Engineering Group Inc announced the completion of its merger with Australia-based firm Sinclair Knight Merz in a deal valued at AU$1.3 billion.

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