June, 2016

• 9 June

  Stocks, commodities end winning streaks as growth optimism ebbs

  

    BLOOMBERG Weeklong rallies for global stocks and commodities ended as the outlook for economic growth rekindled investor caution. The MSCI All-Country World Index fell for the first time in six days after reaching a six-month high, and futures on the S&P 500 indicated the gauge will slip after closing close to a record high. The Bloomberg Commodity Index was ...

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• 9 June

  GMO concerns stop Brazil chicken rearers buying American corn

  

    Bloomberg For Brazil’s enormous chicken industry, facing a surprise domestic shortage of corn with which to feed its birds, the solution seemed obvious: import the grain from the U.S., where stockpiles have never been bigger. Yet there have been no imports from the U.S. so far this year, even though the corn shortfall is so severe that the chicken ...

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• 9 June

  Glencore sells agri stake to Canadian fund for $625mn

  

    Bloomberg Glencore Plc agreed to sell just-under a 10 percent stake in its agriculture unit to Canada’s British Columbia Investment Management Corp. for $624.9 million in cash as it continues to cut debt. The commodities trader and miner, which sold a 40 percent stake in the business to Canada Pension Plan Investment Board for $2.5 billion in April, will ...

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• 9 June

  THE WHEEL DEALS!

  

    RITIKA SHARMA / Emirates Business His eyes gleam with excitement as he walks towards the newest BMWs and Rolls Royce cars in the showroom. As he goes on explaining about the engineering and impressive design of one of the most expensive vehicle brands in the auto industry, Arno Husselmann, General Manager of Abu Dhabi Motors, the biggest BMW and ...

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• 9 June

  The first comprehensive buyer’s guide to car insurance

  

    Our Correspondent EMIRATES BUSINESS Souqalmal.com (Souq al Mal is Arabic for ‘money market’) is the leading comparison website in the Middle East and lets you compare financial products before you say ‘I do’. The company’s vision was to create a highly transparent marketplace, empowering MENA consumers to make the right choice by bringing them all the latest details to ...

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• 9 June

  Clinton, Trump kick off their White House war

  

    Washington / AFP Hillary Clinton savored history as the first woman to claim the US presidential nomination for a major party, taking stock before a bruising war for the White House against Donald Trump. Eight years after she was defeated by Barack Obama, Clinton declared a historic milestone for women on the biggest night of her more than three-decade ...

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• 9 June

  EU ends Haiti poll mission

    Port-au-Prince / AFP The European Union said it is ending its election observation mission in Haiti, calling the decision to cancel last fall’s election results unjustified. European Commission Vice President Federica Mogherini announced the decision to pull out of the island nation in a statement, saying that “the conditions were not met for the continuation of its activities in ...

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• 9 June

  15 die in Brazil bus plunge

  Sao Paulo/ AP A bus lost control and plunged into a ravine in Brazil’s Sao Paulo state, killing at least 15 and injuring 31, most of them students, authorities said. The accident happened about 120 kilometers (75 miles) from the country’s economic capital when the driver lost control of the bus carrying 46 passengers and crashed into a rock in ...

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• 9 June

  Thousands expected to bid farewell to boxing great Muhammad Ali

  

    Louisville/ AFP Thousands of people are expected to attend an Islamic prayer service for Muhammad Ali on Thursday, the start of two days of poignant ceremonies honoring the late boxing legend. Ali’s hometown of Louisville in the southern US state of Kentucky will host the tributes that will bring together VIPs and huge crowds of ordinary fans in the ...

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• 9 June

  Two California men tried for attempting to join IS

    Los Angeles / AFP Two California men went on trial on charges of conspiring to join the IS group for which they allegedly hoped to die as martyrs. Nader Elhuzayel and Muhanad Badawi, both 25 and from Anaheim, were arrested in May of last year by federal agents when Elhuzayel attempted to board a plane in Los Angeles to ...

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