Profitloss Centerstage Events

Coffee prices are currently experiencing another surge in markets around the world takes the centerstage among all global events which has happened over this week.
Picture Courtesy: Profit loss

Centerstage events of week 3

Coffee prices are currently experiencing another dramatic surge in markets...

Coffee prices are currently experiencing another dramatic surge in markets around the world, spurred by reports of light, patchy frost in Brazil's coffee-growing regions and expectations of another cold snap early on Tuesday. As soon as the opening bell rang, market participants braced themselves for an intense session that drove prices at the Coffee, Sugar & Cocoa Exchange up by 9.7 cents to $1.0105 per pound. Within minutes of the opening, prices hit a high of $1.04 per pound, marking the highest price for coffee in six weeks.

Monday, 17 July, 2000

According to diplomatic sources, Japan and the European Union have...

According to diplomatic sources, Japan and the European Union have reached a broad agreement to collaborate on investigating and controlling unfair business practices, such as the formation of cartels. The joint initiative was outlined during a meeting between Japanese Prime Minister Yoshiro Mori and French President Jacques Chirac on Wednesday morning, with France currently holding the EU presidency. The Fair Trade Commission of Japan and the European Commission aim to finalize an agreement later this year, with implementation expected to commence next year.As cross-border business activities continue to increase due to the rise of international alliances among companies, such as the global tie-up between Nissan Motor Co. and Renault SA, the authorities hope to cooperate in investigating planned mergers and acquisitions.

Tuesday, 18 July, 2000

Apple Computer Inc. unveiled the Cupertino, Calif., computer maker's first...

Apple Computer Inc. unveiled the Cupertino, Calif., computer maker's first new hardware line in more than two years. The new product -- the Power Mac G4 Cube, known simply as the G4 Cube -- is a sleek eight-inch processor that contains one of the industry's smallest, most powerful supercomputers.

Wednesday, 19 July, 2000

the World Trade Organization issues a ruling stating that Brazil...

the World Trade Organization issues a ruling stating that Brazil has not yet succeeded in removing illegal subsidies in its aircraft industry, while Canada is fully compliant with international trade laws. A panel of WTO experts determined that Brazil had failed to comply with a previous WTO order that required the withdrawal of illegal export subsidies that benefited the airline manufacturer, Empresa Brasileira de Aeronautica SA. Furthermore, the panel rejected a claim by Brazil that Canada had also failed to implement the earlier ruling.

Thursday, 20 July, 2000

A senior Iranian official stated that Tehran would view positively...

A senior Iranian official stated that Tehran would view positively any effort made by New Delhi to join the Organisation of Islamic Conference (OIC). The visiting Deputy Foreign Minister of Iran, Mr. Mohsen Aminzadeh, responded to questions regarding India's possible entry into the OIC, stating that the organization must take note of India's substantial population following the Islamic faith. He further explained that there would need to be a consensus among OIC members for India to be admitted. It is expected that Pakistan may object to India's attempt to join the OIC, given that Islamabad had effectively blocked New Delhi's previous efforts to become a part of the organization during its inception in the late 1960s.

Friday, 21 July, 2000

During President Clinton's farewell Group of Eight summit, the star...

During President Clinton's farewell Group of Eight summit, the star of the show was the group's newcomer Russian President Vladimir Putin. Following his recent trip to North Korea, Mr. Putin presented G-8 leaders with a tantalizing but vague offer from North Korean leader Kim Jong Il to halt missile development in exchange for Western space technology. Mr. Putin also proposed ways to assist the Middle East peace process, which had been left simmering at Camp David while Mr. Clinton attended the three-day meeting in Japan. Additionally, Mr. Putin suggested that G-8 leaders communicate via email, marking his latest attempt to dissuade Mr. Clinton from proceeding with a national missile-defense program that the U.S. says is primarily designed to protect against a North Korean threat.

Saturday, 22 July, 2000

The leaders of the Group of Eight industrial countries endorse...

The leaders of the Group of Eight industrial countries endorse an intriguing but unproven approach to address the developing world's problems using technology to leapfrog the barriers that keep many countries in poverty. During their meeting on the southern Japanese island of Okinawa, the leaders adopt an Okinawa Charter that establishes a G-8 "dot force" initiative to help poorer countries connect to the Internet more quickly and use technology to promote health and education.

Sunday, 23 July, 2000