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Abu Dhabi stocks surge most since 2014 on Mid East mega bank deal

  BLOOMBERG Abu Dhabi stocks climbed the most in 18 months as two of the emirate’s biggest banks said they’re in talks to merge in a deal that would form one of the Middle East’s largest lenders by assets. The ADX General Index advanced 4.7 percent to close at 4,524.41, the strongest level in almost two months. National Bank of ...

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Kenya mulls introducing world’s first tea futures contracts

  Bloomberg Kenya, the world’s biggest exporter of black tea, is considering introducing the world’s first futures contracts for the leaves to help stabilize prices and enable growers to guarantee income from their production. INTL FCStone Inc., based in New York, has held talks with industry representatives in the East African nation about introducing the derivatives, Stuart Ponder, senior vice ...

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Cows to feast on French wheat as rains threaten crop quality

  Bloomberg European cows may soon be feasting on more French wheat as downpours threaten to reduce the quality of the grain used to make bread. The deluge that recently hit crops in the European Union’s biggest producer has the potential to reduce the grain quality, adding to global supplies of wheat used to feed animals, said Peter McMeekin, an ...

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