Ivory Coast and Ghana team up for greater share of chocolate wealth
Kouakou Kinimo is a pretty typical Ivory Coast cocoa farmer. He works a small holding. At 52, he’s roughly the mean age for a West African grower. And, like many farmers, he doesn’t want any of his six children to follow in his footsteps.
Quality cocoa shortage sends European premiums to near 10-year high
Buyers in Europe’s physical cocoa market are having to pay top dollar for quality beans from leading global producers Ivory Coast and Ghana to compete with stronger U.S. prices, raising cost fears for grinders and chocolate makers.
Madame Tussauds owner Merlin to be bought by Lego family and Blackstone
Madame Tussauds owner Merlin Entertainments is to be acquired by the investment vehicle of Lego’s founding family and private equity firm Blackstone Group LP in a deal valuing the company and its debt at nearly 6 billion pounds ($7.6 billion).
Saudi Arabia’s hometown ambitions could clip wealth fund’s wings
Saudi Arabia’s Public Investment Fund (PIF) risks being pulled deeper into Crown Prince Mohammed bin Salman’s domestic projects, curbing its international ambitions and tying its fortunes closer to its home market, four sources familiar with its strategy said.
Factbox: Saudi sovereign fund’s strategy in focus
Saudi Arabia’s Public Investment Fund (PIF) has pursued eye-catching investments abroad over the past several years, part of reform plans to diversify the economy beyond oil and transform the country into a high-tech investment powerhouse.
Shell, Exxon Mobil eye re-entry into Somalia’s upstream sector
Royal Dutch Shell and Exxon Mobil are looking to re-enter the market in Somalia ahead of an oil block bid round taking place later this year, the country’s oil ministry said in a statement.
Many G20 heads voiced concern over trade tensions, global growth: Japan government
Many Group of 20 leaders voiced concern over trade tensions and the risk they pose on the global economy at their meeting in Osaka, western Japan, on Friday, a senior Japanese government official said.
Nissan ex-chief Ghosn to hold press conference in Tokyo at 1200 GMT: source
Nissan ex-Chairman Carlos Ghosn will hold a press conference in Tokyo at 9 p.m. (1200 GMT) (0800 EDT) on Friday, according to a person familiar with the matter.
Russia’s Putin says Trump meeting will help continue dialogue
Russian President Vladimir Putin said on Friday that his face-to-face meeting with U.S. President Donald Trump in Osaka would be a good opportunity to continue dialogue between the leaders following their summit in Helsinki last year.
Exclusive: Morgan Stanley likely to gain majority control of China securities JV in H2 – sources
Morgan Stanley is likely to get regulatory approval for owning a majority stake in its Chinese securities joint venture in the second half of this year, people with direct knowledge of the matter told Reuters.
