Global oil supplies will drop more than half by 2030 after peaking last year, an independent scientific group said in an energy report published on Monday.
Farmers in India, the world's third-biggest wheat importer, are forecast to plant a record crop, helping cap world prices that have soared 64 percent this year.
Archie Norman, the man credited with reviving UK retailer Asda Group Plc, joined Wesfarmers Ltd as an advisor for its A$19.7 billion ($17.4 billion) takeover of Coles Group Ltd.
Nestle SA, the world's largest food company, increased third-quarter revenue by 10 percent after raising prices for Dreyer's ice cream and Purina pet food.
Hurricanes Katrina and Rita and the Indian Ocean tsunami brought such a surge in corporate philanthropy that a sharp decline seemed likely to follow.
Royal Philips Electronics NV, the world's biggest maker of light bulbs and electric shavers, said third-quarter profit plunged after it had a one-time gain from the sale of its semiconductor unit a year earlier.
The price of your morning glass of orange juice will rise, if recent action in the futures market is any indication.
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Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
Liu Shinan
