News
Anheuser-Busch provides water for tornado-affected residents in Oklahoma
23.05.13 - Anheuser-Busch is providing 2,156 cases of emergency drinking water, or 51,744 cans, for use by relief workers and residents affected by the tornado in Oklahoma City and its surrounding suburbs. Anheuser-Busch is working with the American Red Cross to get the water where it's most needed. Additionally, the company has made a $25,000 donation to the Red Cross to assist in their relief efforts.
Heineken acquires 3.2% stake in Vijay Mallya controlled United Breweries
17.05.13 - Vijay Mallya-led United Breweries today said Heineken UK Ltd has acquired 3.21 per cent stake in the company. The acquisition is pursuant to amalgamation of Scottish & Newcastle India with United Breweries, whereby SNIPL would cease to exist.
Grainexx Market Report 32/2012
11.08.12 - For once in a live time it is fairly quite as far as bad news of the Eurozone are concerned. The Troika was visiting Athens and pointed out there is a chance for further financial aid. On the other hand the head of the European Central Bank was disappointing the markets. A lot of people have expected that Mr. Draghi would announce last week concrete measures to buy bad bonds of critical Euro member states and that the ECB will float the market again with additional money. This did not happen: Draghi was pointing out that the bank will do everything which is needed to stabilize the Euro and the Eurozone but has failed to announce something concrete. This sent the markets sharply down, both, stock markets and the Euro rate. The German DAX tumbled and the Euro/USD rate went as low as 1,2200. Already last Friday the markets recovered, the Euro was trading above 1,24 again. Today the DAX takes the view at 7.000 points and Euro/USD is stable at 1,2350.
Grainexx Market Report 50/2012
11.12.12 - Greece was moving away from the headlines a little bit, leaving the place for Italy! PM Monti and his government are about to resign and new elections shall take place. Help God they do not vote for Berlusconi again!! No more Bunga-Bunga..
With all that the German DAX was unchanged at around last week’s level, 7.500 points. The Euro, which was well above 1,30 last week, is weaker again presently trading at 1,2934.
Grainexx Market Report 48/2012
02.12.12 - At the end after long discussions the Greek problematic was solved – at least temporarely! They are getting the money what they need in order to avoid immediate bancruptcy. Also Italy had to pay less in the middle of the week for its ten years papers. This was sending quite a positive signal to the markets. The DAX was trading firmer over the last couple of days, presently at 7.430 points and the Euro went firmer as well, presently trading at 1,3010. If the currency will break 1,3020 the way is free to go into a range of 1,31-1,34.
Grainexx Market Report 47/2012
23.11.12 - Chances on an agreement on the EU-Budget until 2020 are quite bad. Most likely the EU Heads of State have to meet again early next year. Especially Britain is quite complicated but also Germany, the Netherlands, Sweden and Austria want to cut the budget. Central and East European countries however could agree to the higher spendings. Some better news from the financial markets both in Spain and Italy and also Ireland is supposed to return from 2013 onwards to the financial markets.
Grainexx Market Report 46/2012
16.11.12 - Greece is continuing to have problems to get their reforms and budget disciplines together. There is still a gap to be bridged as far as financing is concerned and before the EU and the IMF will pay the badly needed 31 Billion Euros which are necessary to avoid bankruptcy. We have seen the pictures of protests and strikes not only in Greece but also in Spain and in Portugal. However there is no alternative to move to budget discipline and reforms because otherwise the future will look anything else but brilliant…
The economic figures on a worldwide basis were bad as well and pointing more towards recession which in return led to lower stock- and- raw material markets and weakening the Euro as well presently trading around 1,2750.
Grainexx Market Report 45/2012
11.11.12 - US President Obama was reelected with a broader majority than expected. However the enthusiasm about it lasted for just a good day. All eyes will turn now to the problematic budget discussions until the rest of the year which the president will face with a republican congress majority. They absolutely have to find a solution and we expect a more positive outcome because after Romney lost the elections the Republicans got a weaker position. There were again general strikes in Greece this week, however parliament has passed the necessary reform laws (even with a thin majority) which will enable them to get additional finance from the various buckets and not having immediately to declare bankruptcy.
Grainexx Market Report 44/2012
03.11.12 - After hurricane “Sandy” the two candidates Obama and Romney went to the election race again. Primeraly they concentrate on the states which seem to be undecided. However, reading comments and talking to people in the USA one can get the impression that a lot of people simply don’t care who will be the next president in the White House. More eyes are focused on the confrontation between Congress and the next president about the problematic situation of the further fiscal policy and the “fiscal cliff” which is about to come by year’s end. There have to be fiscal structural reforms whoever the next president of the USA will be.
Grainexx Market Report 42/2012
16.10.12 - We will very soon talk about early November elections in the States and who is going to win that. Surprisingly that is not too much of an issue yet these days. The European headlines are still dominated by the “classical” problems here in the Eurozone with the next urgently need money transfer to Greece and the problematic states getting more and more into recession.
Spain has just recently been downgraded again ,seemingly without any positive feedback towards the ambitious reforms done by the government.
Obviously one likes to force them under the ESM –mechanism…
Grainexx Market Report 41/2012
08.10.12 - Today the Eurozone Finance Ministers will put the permanent firewall the ESM in place. It should work as an additional stability mechanism during the existing crises. One can stay skeptical whether this aim can be achieved. The stock markets are trading lower –the German DAX is loosing 1,3% and the Euro trades lower at 1,2950 after having traded well above 1,30 end of last week.
Grainexx Market Report 38/2012
19.09.12 - Basically all important Central Banks have declared that they will help the slowing economy with some fresh money. This has helped last week all the stock markets to go up (the German DAX climbed easily over 7.000 points, presently being around 7.350) and the Dollar got as high as 1,3150 and is presently trading still above 1,30. On the other hand in the agriculture futures’ market the downward spiral continued. Reasons were long liquidations by the funds, harvest pressure in the USA in both corn and soybeans and a declaration of China that it can open internal reserve instead of buying additional hugged quantities of US-soybeans.
Grainexx Market Report 35/2012
29.08.12 - Despite Troika report on Greece delayed Euro holding stable – crop reports further negative – “Russian meeting” – Markets mainly side-lined
Grainexx Market Report 34/2012
24.08.12 - The German DAX got a setback in the last 24 hours below the 7.000 points mark again.
The US Dollar is trading quite stable at a range between 1,2510 – 1,2550. The bias turned positive for the Euro after sustainably getting over 1,24.
Crude oil is getting firmer every day. Everyone can unfortunately realize that also at every petrol station.
Grainexx Market Report 33/2012
18.08.12 - The Euro is presently trading in steady waters. Every time we have seen a slight drop below 1,23 we see an upmove again shortly afterwards. Presently the common currency is traded at 1,2375. The German stock market is developing quite interestingly. There have been a couple of attempts of the German DAX to climb over 7.000 points and this has been achieved this morning. Due to quite low interest rates shares are becoming more interesting.
Discussions of the problems in the Eurozone have turned a little bit more quiet, however there are 3 quite conflicting signs:
Grainexx Market Report 32/2012
11.08.12 - For once in a live time it is fairly quite as far as bad news of the Eurozone are concerned. The Troika was visiting Athens and pointed out there is a chance for further financial aid. On the other hand the head of the European Central Bank was disappointing the markets. A lot of people have expected that Mr. Draghi would announce last week concrete measures to buy bad bonds of critical Euro member states and that the ECB will float the market again with additional money. This did not happen: Draghi was pointing out that the bank will do everything which is needed to stabilize the Euro and the Eurozone but has failed to announce something concrete. This sent the markets sharply down, both, stock markets and the Euro rate. The German DAX tumbled and the Euro/USD rate went as low as 1,2200. Already last Friday the markets recovered, the Euro was trading above 1,24 again. Today the DAX takes the view at 7.000 points and Euro/USD is stable at 1,2350.
Grainexx Market Report 30/2012
25.07.12 - Greece, Greece and again Greece…This country is not getting better! The Troika is back in Athens to evaluate the situation and from their point of view further payments are depending on.
Will Greece leave the Eurozone or has to leave the Eurozone?? Some German politicians openly talk about that, however if that comes and how the thing works, nobody knows…!
Spain will more or less ask for a complete coverage by the ESM, just rescuing banks is apparently not enough! The country has to pay record interest rates at around 7,7% for the time being and can no longer stand this.
BEST Market Report: Price bubble?
24.07.12 - The repercussions of the recent drought on cornfields in the United States have been under discussion for weeks. Consequently, the prices for corn, soybeans and wheat as well as feed barley are on the rise. Malting barley in Europe and Germany is not insulated from this trend. In the last 30 days, the price of summer malting barley harvested in 2012 has risen by more than 50 euros – it has risen by 19 euros in the last seven days alone, and wheat has followed suit. Another unusual phenomenon this year has been that malting wheat is currently valued at around 15 euros more than summer malting barley. In ‘normal’ years, the opposite is true.
Grainexx Market Report 29/2012
19.07.12 - On the macro economic front clouds are hanging over the world (as it is also physically the case here in Hamburg where we are facing heavy thunder storms and a lot of rain during the past two days).
The IMF gave some very critical comment regarding the situation in the Eurozone. They are urging the European Central Bank to be much more aggressive towards the financial markets.
Similar comments came from the World Bank where the newly appointed chief was warning that an ongoing big crisis in Europe could be very dangerous for the growth rates all over the world. The statement was quite clear: “What happens today in Europe has a direct effect on the fishermen in Senegal and the IT guy in India”. The world bank is forcing the European politics to get back to stability in the European financial markets.
Grainexx Market Report 28/2012
11.07.12 - The still ongoing Euro-crisis is weighting heavily on the stock markets as well as on the Euro exchange rate. Spain still has to pay more than 7% of interest rate of which we all know that they cannot stand it for quite a long time. More countries are getting under the ESM-umbrella and the amounts discussed are getting higher and higher. Further on more and more analysts are lowering the growth rates on a worldwide basis, now even for Germany. Euro/USD currently trading at 1,23 – a rate which is low but on the other hand good for exports (making also grain exports to third countries competitive).
Grainexx Market Report 26/2012
29.06.12 - The Spanish problematic continues and they still have to pay extremely high interest rates. Spain is not supposed to survive this for a long time. The rating agencies have sharply downgraded a lot of Spanish banks. A Troika delegation is supposed to go to Greece in order to evaluate the situation. Presently there is the EU summit (yet another one driven by the crises),before which Merkel said no common debt responsibility while she is alive 8she did not even say until she is in power…). All that uncertainty is weighing on EUR/USD rate ,which is presently at 1,2430 as well as on the German DAX ,which is down by close to 2%. A lower Euro however leads to more attractive USD-prices for European grains, whilst Black sea has faded away as sellers……
Grainexx Market Report 25/2012
24.06.12 - The result of the Greek election where everybody was extremely afraid of was better than expected. The pro-Euro fraction got a majority – thin, but existing… They are also very quick in establishing a functioning government, the new Prime Minister was sworn in already yesterday. This brought some relief to the financial markets with stock exchanges up and Euro trading considerably higher versus last week, reaching during a 7-day period a top of 1,2750. But the relief of the result in Greece has faded rather quickly with a focus turning to Spain´s financial problems. Still the Spanish have to pay high interest rates, and despite declaration of the EU that banks can get under the umbrella markets are not really having confidence in this country.
Grainexx Market Report 24/2012
11.06.12 - Over the weekend it got official: Spanish banks need the help of the EU fund, estimates are around 100 billion Euros!! Since we got all the experience with the Euro crisis now, nobody is getting excited about these kind of numbers. Markets reacted very positive this morning, being up by 2% in the stock markets, and about 2 cents further in the exchange rate now trading at 1,2650.
Grainexx Market Report 23/2012
07.06.12 - Now it’s getting obvious and serious: Spain has lost access to refinancing. There are talks of a bail out, there are talks that they have to get under the European “umbrella”. And at the end of the day everybody knows that without international help the Euro zone cannot solve this kind of a problem alone. The momentum could not have been worse, with still the uncertain situation whether Greece will stay in the Euro zone or not, which is depending on the result of the election in 10 days. All these bad news and the unability of politics to react in an appropriate way is weighing heavily on the financial markets. This was especially due once again to the European stock markets. Also the Euro went further down after our last report and just recovered recently trading in a range between 1,24 to 1,25.
Grainexx Market Report 22/2012
31.05.12 - The macroeconomic factors continue to dominate the discussions in the markets. Especially Spain and Italy which recently had to pay much higher interest rates in their auctions are getting more and more in the focus. Especially Spain with their banking sector is getting very critical. The Spanish government is trying hard to stay on route with their budget discipline, but it´s getting more and more difficult.
Greece seems to be of no interest for the time being as people are only discussing opinion polls, and only after the election outcome it will be known whether they stay in the Euro zone or not. All this great uncertainty is hanging like the sword of Damokles also over our grain markets. The Euro is considerably weaker against the Dollar, presently trading around 1,24, also due to the above mentioned uncertainties. This will make grain prices which seemed to be quite expensive in Euro a little bit more competitive in USD for wheat and barley exports out of the EU.
Grainexx Market Report 21/2012
23.05.12 - There will be nothing really new on Greece for the next 4 weeks until we know an election result. Various scenarios are being played with at the moment, both by politicians and analysts. Squeezing out the Greeks from the Euro zone is legally not possible, and a voluntary exit could be suicidal.
Grainexx Market Report 20/2012
15.05.12 - Outside macroeconomic markets look negative again, with weakness in global equities, energy and a firmer US Dollar. The fears of the markets center around Greece and their problems again and again, but also Italy and Spain are well in the focus. Today´s meeting between Merkel and Hollande will be closely watched, however, as it is the first “rendez-vous”, not much (even not much conflict) can be expected.
Grainexx Market Report 19/2012
09.05.12 - Like one analyst was putting it: Bon voyage fiscal pact and stability, bonjour financial chaos! This is a very good description of the actual situation in the macro-economic sector, as well as the reaction on the financial markets. Stocks went sharply down beginning this week and continue their down trend. The dollar was negatively breaking the mark of 1,30 which he was holding steadily even with Spanish, Portuguese and Italian auctions and economic discussions during the last weeks.
But this was too much! The French Presidential election with the winner Hollande went as expected, and even if we all agree that the German government will move towards economic enhancement and slightly away from its stability course, we think that at least a verbal conflict during the month of May is programmed.
Grainexx Market Report 18/2012
02.05.12 - A very negative outlook for Spain, close to record unemployment rate and a decrease by two levels by the rating agency Standard & Poor´s were weighing on the financial markets. There is a new fear that the European debt crisis will gain momentum again (it was never really over…). And people also debate the actual figures on growth rate in China. Stock markets are trading with ups and downs as do the international grain exchanges. Euro is again performing well, finishing April largely above 1,32, today trading at 1,3150, so pretty much within the last weeks´ ranges.
Grainexx Market Report 17/2012
25.04.12 - Once again very very critical the Spanish situation! Financial participants are watching anxiously every auction, as well as quite grim economic data. Italy and Portugal are somehow in the backyard, but still could develop towards problem.
Much more risky in our opinion is that we do not have existing governments any more in Holland, in the Czech Republic, as well as an unclear situation who is going to win the second round of French Presidential elections. The forecasts are giving a slight advantage for Euro-skeptical left-wing Holland, and it was this Euro crisis which has led in France to extreme left and right-win gains (it was true for every third vota!!. Listening to the rating agencies it is quite possible that France sooner or later will lose its triple A rating.
Grainexx Market Report 16/2012
21.04.12 - There are quite confusing news on the financial markets. Sometimes, everybody gets excited on negative outlooks for the Spanish, Portuguese or Italian economy, as well as higher interest rates in their auctions, and the next day those interest rates are again lower, but then good results are coming for the German economy and stock markets are recovering and even rallying again. And with all that we seem to have a completely “non-concerned” Euro/Dollar rate quite stable centering around a level of 1,31.
Grainexx Market Report 15/2012
11.04.12 - Last week we wrote that it was “fairly quiet” at the international financial markets. Well this was a short living statement as Spanish and Italian auctions have sent some shock waves through the stock markets as well as currencies and have raised questions again regarding stability of the whole Euro-Zone.
The German index DAX was well on the way southwards and the EURO came temporarily at least under pressure. Also other stock markets reacted negative.
Fundamental data and especially the consequent reforms of the governments in Rome and Madrid were mainly neglected, short-term action was the name of the game.
Yesterday this had consequences for the Chicago grain exchange as well, triggering quite substantial sales volumes of the funds.
Bad news in the financial markets is having an immediate effect on commodities the days.
Grainexx Market Report 15/2012
11.04.12 - Last week we wrote that it was “fairly quiet” at the international financial markets. Well this was a short living statement as Spanish and Italian auctions have sent some shock waves through the stock markets as well as currencies and have raised questions again regarding stability of the whole Euro-Zone.
The German index DAX was well on the way southwards and the EURO came temporarily at least under pressure. Also other stock markets reacted negative.
Fundamental data and especially the consequent reforms of the governments in Rome and Madrid were mainly neglected, short-term action was the name of the game.
Yesterday this had consequences for the Chicago grain exchange as well, triggering quite substantial sales volumes of the funds.
Bad news in the financial markets is having an immediate effect on commodities the days.
Grainexx Market Report 14/2012
03.04.12 - It was a week without major Euro crisis headaches (for the first time since months!). However, Spain and Portugal are still staying in focus of the markets. After a slight downtrend last week stock markets and the Euro stabilized at quite firm levels. There have been a lot of figures released concerning US grains and European new crop forecast. We will try to give a brief overview and try to give an opinion what to think about it.
Grainexx Market Report 13/2012
27.03.12 - Some concerns about an economic slowdown in China sent the stock markets slightly lower last week. Also the grain futures at the CBOT were lower, but recovered quite well in Friday session as well as overnight. MATIF was showing solid gains, the May wheat contract is plus 3,- Euro/ton today at 217,- Euro/ton, new crop is traded for November 2012 also at plus 3,- Euro/ton at 206,- Euro/ton. The German stock index DAX climbed over the 7.000 points barrier again and is showing a solid gain of 1% today. Euro is stable to slightly firmer, presently trading at 1,3310.
Grainexx Market Report 11/2012
12.03.12 - The Greek haircut finally worked out in the last minute. The economic uncertainties, however, do persist. Stock markets were ending the week slightly lower and the Euro lost from 1,3250 to 1,31. Not very much going on in the grain markets last week. Egypt continued to buy again on a regular basis, like the two times before they bought again US origin which was offered largely below French and Black See origin. The last purchase was done for end of April delivery.
Iran is also supposed to continue their wheat purchases.
Grainexx Market Report 10/2012
08.03.12 - A couple of more clouds on the economic horizon in the world. China has lowered the outlook for its BIP increase to just 7,5%. This is of course low given the fact that experts think they need a minimum of 8% to keep the income of the population steady. However, one has to bear in mind that the Chinese Prime Minister last year at the same time has announced a “modest” growth of 8% and the final outcome was 9,2%. But the financial markets got scared about it: China being the economic locomotive of the world is lowering its speed! Greece is unfortunately again in the focus. It seems to be not sure at all that the promised and negotiated haircut of private debtors will take place as originally planned. This haircut is however one of the main conditions of the payment of the 130 billion Euro aid package. Financial markets are anxiously waiting about the outcome – end of the week we will know more…
Grainexx Market Report 09/2012
01.03.12 - The ECB was giving 530 billion Euros at a very low interest rate yesterday to the financial markets, this helps to avoid a credit crunch.
After strong gains Euro and the stock markets were losing a little bit mainly because of a speech of Fed-chief Bernanke where he was not addressing additional measures to stabilize/improve the US economy. MATIF and Chicago with solid gains during the last days, but slightly in minus today.
Grainexx Market Report 08/2012
21.02.12 - The Euro group finance ministers have reached an agreement for the next tranche of 130 billion Euros for Greece, as well as for the haircut of private debtors. This should at least for the time being bring some more quiet times to the financial markets. The German DAX index was showing a good performance recently and closed on a seven months high yesterday. The Euro continues to be quiet strong against the Dollar, trading in a narrow range of 1,32 to 1,3250.
Grainexx Market Report 07/2012
15.02.12 - After long discussions the Greek Parliament approved the very painful cuts in budget this weekend. Strikes and riots all over the country have been the consequence. In view of very soon upcoming elections it is very questionable how stable that compromise is.
Further downgrades by another rating agency have happened for a couple of Euro countries. The financial markets have not shown a very big reaction to that. Stock markets are slightly down and the Euro is trading about 1 cent less against the dollar at 1,3140/50. Commodity markets both in Chicago and in Paris were down since the weekend, especially the MATIF old crop wheat contract decreased quite considerably trading actually 12 Euro/ton off the heights of last week.
Grainexx Market Report 06/2012
09.02.12 - Greece is in the center of the discussions again – Winterkill an issue in Europe?- Markets more sidelined these days-What will USDA give us tomorrow? “Hellas” is staying the most dominating factor in the financial markets. Despite several deadlines given by the EU or the Troika there is no real progress neither concerning budget reforms nor “hair cut”. Stock markets are therefore sideways ,awaiting some news to come... The Euro however was showing strong performance again trading around 1,3250.
Grainexx Market Report 05/2012
31.01.12 - At the World Economic Forum in Davos Germany once again got numerous criticism of the handling of the EU crisis. It occurred the impression of a cry for help for a financial
savor of the EU but Mrs Merkel seems to be here remarkably unimpressed. Equally unimpressed is the market by the latest downgrade of the rating agency Fitch for Slovenia, Belgium, Cypres and the major player Spain and Italy.
European banks stop the payments and the export financing of shipments to Iran resulting in 10 cargoes with grain/oilseeds, which are unable to discharge and are not yet paid.
The EU and the US are stopping for several months the oil imports from Iran. This was countered with the threat of an export ban for 15 years, this pushed the oil prices.
Grainexx Market Report 04/2012
25.01.12 - The forecasts of the International Monetary Fund for the global economy 2012 are slightly negative. For this actual year the experts are forecasting an economic growth of only 3,3% globally (last estimate was still at 4,0%). For the Euro-Zone the IMF is forecasting a slight recession of -0,5%.
So far for the prognosis: The actual economic data prove to be quite positive: There is solid economic growth still in China, and the stock markets were showing a quite positive development in the last 10 days. The Euro firmed considerably against the dollar (by 2,5 cent), and is currently trading around the 1,30 level.
Grainexx Market Report 03/2012
16.01.12 - As we said in our short version report of last week there are some important factors to comment on. The US rating agency S&P has decreased considerably the rating of a lot of European countries. Especially remarkable is the loss of the triple A rating in France and Austria. Even more important however is the fact that they have put basically all countries on a negative outlook. Except for the Euro exchange rate, the reactions on the markets were quite calm on that one. It is very good to note that ECB officials have stated that the Central Bank will provide the financial markets with enough liquidity in order to cope with the current situation… But still nervousness continues.
Grainexx Market Report 01/2012
03.01.12 - We would like to wish you a Happy New Year 2012, all the best to you, very good health and a lot of success!
If we would only have a good crystal ball! – However, we try to imagine that we have one, but please take that only as an attempt!
Malting Barley 2010 And What's Next?
22.09.10 - EXPECT THE UNEXPECTED –
During the past weeks and days one could read in a number of publications by agricultural ministries and other associations representing our cultural economy, that although the output of malting barley crop in 2010 compared to the previous year was lower, the situation as a whole was hardly considered alarming. The malthouses represented in the Deutscher Mälzerbund, the association of German malsters, however, evaluate the present situation differently, because the actual figures are considered rather alarming.
BEST Red X was the Hit at BRAU 2012
18.11.12 - 20.000 national, 12.000 international visitiors, 1,284 exhibitors - these were the numbers of BRAU 2012 in Nuremberg.
European Code Of Good Trading Practice
01.08.04 - COCERAL, the European association representing the trade in grain, oilseeds, feedstuffs, olive oil, oils and fats and agrosupply, supports the idea and concept of a safety scheme which covers all levels of the feed and food chain.
Spaniards were the first beer brewers
21.10.06 - According to an article in the daily newspaper Periodico of Wednesday 6 October 2004, the ancestors of today’s Spaniards were brewing beer as early as 5 000 years ago. They drank strong beer hundreds of years before wine became popular.
01.10.06 - A Canadian study has found that those who regularly drink moderate quantities of alcohol earn approximately 10% more than those who never drink alcohol.
Beer was invented before bread
01.10.06 - Recent research has dated the invention of beer at 9000 BC.
01.10.06 - Beer contains Silicium, which promotes bones growth and protects against Osteoporosis.
No, alcohol ain’t necessarily good for breast-feeding!
25.05.05 - Folk wisdom has it that a beer or two before giving suck helps lactation. But recent American research suggests that this just “ain’t necessarily so”. Women in fact produce less milk after a few beers, and they need more time to produce the more or less that they do. So, is beer counterproductive as regards milk?
[archive]
Anheuser-Busch provides water for tornado-affected residents in Oklahoma
23.05.13 - Anheuser-Busch is providing 2,156 cases of emergency drinking water, or 51,744 cans, for use by relief workers and residents affected by the tornado in Oklahoma City and its surrounding suburbs. Anheuser-Busch is working with the American Red Cross to get the water where it's most needed. Additionally, the company has made a $25,000 donation to the Red Cross to assist in their relief efforts. [more]
Heineken acquires 3.2% stake in Vijay Mallya controlled United Breweries
17.05.13 - Vijay Mallya-led United Breweries today said Heineken UK Ltd has acquired 3.21 per cent stake in the company. The acquisition is pursuant to amalgamation of Scottish & Newcastle India with United Breweries, whereby SNIPL would cease to exist. [more]
Grainexx Market Report 50/2012
11.12.12 - Greece was moving away from the headlines a little bit, leaving the place for Italy! PM Monti and his government are about to resign and new elections shall take place. Help God they do not vote for Berlusconi again!! No more Bunga-Bunga..
With all that the German DAX was unchanged at around last week’s level, 7.500 points. The Euro, which was well above 1,30 last week, is weaker again presently trading at 1,2934. [more]
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