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Agro traders see no respite from glut-fuelled bear market

  Bloomberg Some of the world’s top agricultural commodities traders say the era of slumping prices and low volatility isn’t over yet. Crop prices that slid in the past three years still aren’t low enough to encourage output cuts, Matt Jansen, the chief executive officer of trader Cofco Agri, said on Tuesday at the Financial Times Commodities Global Summit in ...

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Schlumberger to pare Venezuela services over lack of payments

  Bloomberg Schlumberger Ltd. will reduce activity in Venezuela after the world’s largest oil services provider failed to collect enough payments from the national oil company. The reduction will take place this month in close coordination with all customers in Venezuela to continue servicing those with available cash flow, the Houston- and Paris-based contractor said in a statement Tuesday. Venezuela, ...

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Business cut back on stockpiles as sales fall again in USA

AP Businesses reduced their stockpiles for a second straight month in February, while sales fell for a seventh month. Business inventories dropped 0.1 percent, matching the decline in January, the Commerce Department reported on Wednesday. Sales fell 0.4 percent in February after an even bigger 0.8 percent decline in January. Sales have been heading south since August. The weakness in ...

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