Coffee shipments from Indonesia may drop 17 percent this year to the lowest since 2011 as elections and the soccer World Cup raise local consumption to a record and rain cuts output in the third-biggest grower of robusta. Futures exceeded $2,000 for the first time since May.
Light SA led a rally by Brazilian electricity companies after the government said a blackout this week was an isolated incident and measures are being devised to compensate distributors for record high spot prices.
Standard Chartered Plc expects lending for projects in the Middle East and Africa to decline 15 percent this year after a Saudi Arabian petrochemicals plant boosted loans to a record $87.6 billion in 2013.
Brazilian authorities announced 5.6 billion reais ($2.3 billion) will be spent on infrastructure directly related to the 2016 Rio de Janeiro Olympic Games and those costs will rise as projects are added.
Amer Khan says he could sense a stock market rally in late 2012 just from the street scene in Dubai, the financial capital of the United Arab Emirates. Tourists were once again jostling for a spot from which to watch the dancing fountains that adorn the downtown area. Recurring traffic jams, increasing retail sales and a rise in airport passengers were other signals for Khan, the senior executive officer at Dubai-based Shuaa Asset Management.
Sidney Levy, who heads Brazil’s preparations for the 2016 summer Olympics, says the projected 30 billion reais ($12.5 billion) games are a chance to show that the country can run a major project without scandal.