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Draught cow culling leads to increase in milk prices

Draught cow culling leads to increase in milk prices

The US department of Agriculture has estimated that the American milk output for 2013 will drop around 0.5 percent to 198.9bn pounds as the number of milk producing cows drops to an eight year low. Corn crops, an essential component of cattle feed, have soared to record high prices in August after a summer of […]
China growth forecast lowered by World Bank

China growth forecast lowered by World Bank

The World Bank has cut its forecast for China’s growth rate this year citing concerns over the weak demand for its exports, and slow investment growth. The global lender cut its prediction to 7.7 percent, down from the 8.2 percent growth estimate it made in May. In a report on the state of East Asia […]
Peter Merrigan| Boston Newbury Street Portfolio

Peter Merrigan| Boston Newbury Street Portfolio

“We established a strategy to invest in the only high street in Boston, where there was no single owner of more than 10 buildings  on a 200 building street. We created an institutional product by building a critical mass  of buildings to benefit from economies of scale and the creation of a brand. Institutional investors […]
Credit Suisse sued in US over securities

Credit Suisse sued in US over securities

The US credit union regulator has filed a lawsuit against the American arm of Credit Suisse Securities, accusing it of selling faulty or misrepresented mortgage-backed securities to three credit unions, which later collapsed. The suit was filed in a federal court in Kansas City, Kansas. It was revealed in a statement by the National Credit […]
Nasdaq cancels Kraft trades after glitch

Nasdaq cancels Kraft trades after glitch

Nasdaq was forced to cancel a number of stock trades in Kraft Foods after a trading glitch caused the company’s shares to shoot up nearly 30 percent. The trading error comes just days after Kraft Foods and their former snack business Mondelez International began trading as two separate companies. Kraft and Mondelez have recently switched […]
EU study wants risky bank trading separate from retail

EU study wants risky bank trading separate from retail

An advisory group set up by the European Commission has called for Europe’s biggest banks to keep their traditional deposit-keeping business legally apart from other, higher-risk activities. The recommendations intend to safeguard ordinary bank clients and savers from future banking crisis and to avoid further shocks to the banking system. The Liikanen Group made the […]