Bloomberg Egypt has been facing a shortage of sugar for weeks as a currency crunch and rising global prices curbed imports. Authorities have accused traders of hoarding, and seized stocks from companies including Edita Food Industries — one of Egypt’s largest producers. With inflation at a seven-year high, the sugar crisis is making it harder for the government to ...

  Reuters Oil climbed with OPEC’s secretary-general set to visit Baghdad on Tuesday for talks aimed at resolving a deal on output after Iraq said it should be exempt from planned cuts. Futures rose as much as 0.8 percent in New York after falling 0.7 percent Monday. Mohammed Barkindo will meet with Iraq’s prime minister and oil minister, according to ...

  Singapore / AFP Under current conditions, the IEA expects global output to exceed demand until the second half of 2017, Fatih Birol told journalists on the sidelines of an energy conference in Singapore. “But we know that the producers are thinking of intervening in the markets. The OPEC and non-OPEC producers, if they intervene in the markets, this rebalance ...