Cocoa and coffee warehouse owners in the U.K. raised maximum rents for storage of both commodities in bags by the most of all 12 locations, NYSE Liffe data showed. The second-biggest increase was in Antwerp, Belgium.
French police moved in to open fuel depots to release oil supplies blocked by strikers as walkouts at ports and refineries across the nation shut down crude imports and sparked shortages at filling stations.
Christine Lagarde , France’s finance minister, was at her Normandy weekend home on Saturday, May 8, juggling calls from President Nicolas Sarkozy , German finance chief Wolfgang Schaeuble and Dominique Strauss-Kahn , the Frenchman atop the International Monetary Fund, Bloomberg Markets reports in its August issue.
Protests and strikes over the last two months in France against the government’s plan to raise the retirement age are winding down as train services return to normal and refinery staff go back to work.