A gauge of top luxury stocks in Europe fell to seven-week lows on Wednesday as a selloff in the sector continued following a strong run this year that has been key for positive returns across broader European markets.
Egypt has strategic reserves of wheat sufficient for 5.9 months, its supply minister told a news conference on Thursday, adding that vegetable oil reserves are sufficient for 5 months. (Reporting by Sarah El Safty; Writing by Tala Ramadan; Editing by Jan Harvey)
The owners of UAE-based budget retailer Brands For Less Group (BFL Group) are considering selling a minority stake in the business to investors, two sources with direct knowledge of the matter said.
Coffee prices in Vietnam continued to rise this week, tracking gains in London robusta futures on supply concerns, while traders were scrambling to buy beans in Indonesia as those from the current harvest were limited.
(Repeats story first published on May 16 for wider distribution. This story is part of a series, "The Bat Lands.") By Ryan McNeill, Deborah J. Nelson, Allison Martell and Michael Ovaska