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Colombia coffee group says price stabilization fund almost ready

  Bloomberg A new fund to stabilize the price that coffee farmers in Colombia receive for their beans may be announced as soon as next month and start operating in 2017, potentially protecting farmers and allowing them to produce profitably at lower international prices. The fund is intended to moderate sharp price drops in the world’s largest producer of mild ...

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Another Brazil scandal makes steelmaker world’s worst performer

  Bloomberg Gerdau SA fell the most among peers after police indicted more than a dozen people, including its chief executive officer, for their alleged involvement in a tax evasion scandal linked to Brazil’s No. 2 steelmaker. Shares in Gerdau fell 7.1 percent in Sao Paulo, the steepest loss among 82 members of the Bloomberg World Iron Steel Index, which ...

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Mexican steelmaker Ahmsa emerges from 17-year bankruptcy process

  Bloomberg Altos Hornos de Mexico SA, the steelmaker known as Ahmsa, is exiting the bankruptcy process in Mexico after 17 years of court protection. A Mexican judge ordered the company’s suspension-of-payments proceedings to be lifted and approved a plan for creditors, effective immediately, the company said in a statement Monday. The court-approved exit calls for Ahmsa to repay $1.7 ...

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