The president of Ivory Coast, the world’s largest cocoa producer, dissolved the government after members of the ruling coalition opposed a new law. Cocoa prices jumped the most in two months in London.
An African Union panel to resolve the political impasse in Ivory Coast won’t create terms acceptable to both candidates who claim victory in November’s presidential election, said Guillaume Soro , the prime minister in a government named by Alassane Ouattara .
The Standard & Poor’s GSCI Spot Index of 24 raw materials rose a second day, by 0.8 percent to 703.06, at 4:10 p.m. in New York as Greece moved closer to completing its debt restructuring. Cocoa, gasoil and zinc led the gain.
Fighters loyal to Ivory Coast’s President-elect Alassane Ouattara , 69, are fighting to take over the state-run broadcaster in the commercial capital, Abidjan, as they look to oust incumbent leader Laurent Gbagbo .
Members of Ivory Coast’s Cadre Permanent de Concertation, which is overseeing the country’s peace process, “agrees to organize” the Oct. 31 presidential election, Prime Minister Guillaume Soro told reporters.
Ivory Coast’s former leader Laurent Gbagbo , whose refusal to step down after losing November’s election triggered a civil war, was captured after French troops and forces loyal to Alassane Ouattara laid siege to his home.
Troops loyal to Alassane Ouattara , the internationally recognized winner of Ivory Coast ’s November presidential election, are moving south, closing in on the capital and a key cocoa-exporting port as incumbent President Laurent Gbagbo calls for a cease-fire and talks.
Ivory Coast rebels backing Alassane Ouattara , the internationally recognized winner of the Nov. 28 election, said they had seized four towns, gaining access to a highway leading to a main cocoa-exporting port.