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Biggest instant-coffee exporter shuns new sales as drought bites

  Bloomberg Brazil’s drought has gotten so bad that the country’s instant-coffee makers, the world’s top suppliers, are no longer entering into new export contracts amid a shortage of the robusta beans needed to make the quick brew. Producers have stopped entering into sales commitments since September because of depleted stockpiles of the beans, according to a Abics, a group ...

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Tesla sees SolarCity boost within 3 years

  Bloomberg Tesla Motors Inc. Chief Executive Officer Elon Musk took his skeptics to task, giving more detail on potential benefits of the automaker’s pending SolarCity Corp. acquisition and saying the deal’s doubters have a history of making bad predictions. While people once questioned the company’s ability to make electric cars, the surge of interest in the forthcoming Model 3 ...

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Crude demand may peak in 5 years

  Bloomberg Royal Dutch Shell Plc, the world’s second-biggest oil company by market value, thinks demand for oil could peak in as little as five years. “Oil, we’ve long been of the opinion that demand will peak before supply,” Chief Financial Officer Simon Henry said on a conference call on Tuesday. “And that peak may be somewhere between 5 and ...

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