Rodrigo Costa News
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Zon Multimedia SGPS SA, Portugal’s biggest cable-television company, predicts the country’s pay- television growth will slow in next three to four years as the market matures, Chief Executive Officer Rodrigo Costa said.
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Zon Multimedia SGPS SA, Portugal’s biggest cable-television provider, rose as much as 2.5 percent after eliminating a limit on voting rights.
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Zon Multimedia SGPS SA Chief Executive Officer Rodrigo Costa said he will lower capital expenditure to pay dividends and reduce debt.
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Coffee’s biggest slump in three years may be ending as weather damages crops from Colombia to Indonesia, reducing U.S. inventories to the lowest since 2000 just as Kraft Foods Inc. and J.M. Smucker Co. cut prices.
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Coffee fell to the lowest level in nearly three weeks in New York on signs producers and roasters are selling. Cocoa and sugar also retreated as commodities slid.
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Coffee climbed to a one-week high in New York on forecasts for declining output in Brazil and Colombia, the biggest producers of arabica beans. Sugar and orange juice also advanced, while cotton declined.
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Coffee growers in Vietnam, the world’s largest producer of the robusta variety, harvested about 20 percent of the crop for the 2011-12 season started last month, according to Archer Consulting.
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Coffee fell for a fifth day in New York, heading for the longest losing streak since July, amid stable stockpiles before harvesting begins in Central America and Colombia. Cocoa slid.
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Coffee futures surged to a 13-year high on mounting concern that global supplies will trail demand, and commodities climbed to a 26-month high on signs of shortfalls in agriculture markets including sugar and cotton.
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Coffee prices rose, extending a rally to the highest since 1997, as inventories tallied by an industry group remain close to a 40-year low.
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