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Yamana Gold revenue jumps on output

Yamana Gold's first-quarter revenue jumped 62 percent on higher gold prices and rising production, the company said on Monday, but its profit eased due to a huge foreign exchange gain in the year-before period.

BP struggles to stop Gulf of Mexico oil leak

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BP Plc struggled to stop oil gushing unchecked from a ruptured undersea well in the Gulf of Mexico on Tuesday and calmer weather raised hopes of reducing the massive oil slick and limiting its impact on the U.S. shoreline.

Asia, Africa to drive coffee production growth

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A dynamic model was used to make coffee projections. It covers the major exporting and importing countries of green coffee. Supply, demand and stock functions were estimated for each of the major exporting and importing countries. The model performs dynamic simulation forward in time and generates forecasts on the basis of assumptions for the future behaviour of GDP, consumer price indices and exchange rates.
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Gulf of Mexico oil spill largest in US history

The massive oil spill in the Gulf of Mexico, leaking from a ruptured well moved closer to the mouth of the Mississippi River. Analysts said the oil spill that threatened to eclipse even the Exxon Valdez disaster spread out of control with a faint sheen washing ashore along the Gulf Coast.
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Halliburton profit off as Latin America weighs

Halliburton Co , the world's second-largest oilfield services company, reported a 46 percent drop in first-quarter profit on Monday, hurt by charges in Venezuela and weak demand across Latin America.
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Countries to release anti-piracy text as deal nears

Countries negotiating a deal to curb trade in fake and pirated goods are close to reaching an agreement in talks that have raised concerns among digital rights advocates, U.S. trade officials said on Friday.
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WHO admits shortcomings in handling flu pandemic

(Reuters) - The World Health Organization conceded shortcomings on Monday in its handling of the H1N1 swine flu pandemic, including a failure to communicate uncertainties about the new virus as it swept around the globe.
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Markets salute euro zone deal on Greece, for now

Markets saluted a euro zone deal on a huge standby rescue package for Greece, slashing the debt-laden country's borrowing costs and buying its stocks and bonds on Monday as fears of a near-term default evaporated.
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Constellation Brands outlook weak; shares dip

Constellation Brands Inc forecast full-year results below Wall Street estimates, reflecting its concerns about lackluster consumer spending on its alcoholic drinks and a frayed joint venture with Mexico's Grupo Modelo, sending shares down 4.6 percent.
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Constellation Brands beats Street but outlook weak

Alcoholic drinks maker Constellation Brands Inc reported a higher than expected quarterly adjusted profit on Friday, as higher wine and vodka sales made up for weak imported beer sales, but forecast full-year earnings that would fall short of Wall Street estimates.
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India to expand basmati rice markets to boost export

India, world's largest producer of aromatic, premier variety basmati rice, is planning to expand its market by exporting to two more countries and increasing shipments to existing country, said APFPEDA official on Friday. State run Agricultural and Processed Food Products Export Development Authority (APFPEDA) said that Mexico has contracted for the basmati rice and China is expected to open a market for premium rice soon.
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Greenspan says U.S. house prices still fragile

Former Federal Reserve Chairman Alan Greenspan said on Wednesday U.S. house prices appeared to have bottomed out but were still fragile and that the country would not be out of crisis until prices stabilized.
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Ingredient in tequila plant may fight osteoporosis and other diseases

The agave plant that gave the world tequila contains fructans which may help protect against osteoporosis by boosting the body's absorption of calcium and could have other health benefits, as reported by scientists at the 239th National Meeting of the American Chemical Society (ACS).
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Nissan launches first Thai-promoted eco-car

Nissan Motor launched its much-awaited, low-cost compact car on Friday, aiming to become a major force in the fast-growing segment with a global sales target of one million units a year by 2013.
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Best Buy bets on 3D TV, but no quick payoffs seen

While James Cameron's 3D sci-fi epic Avatar took the box office by storm instantly, the road to success will be much longer for Best Buy Co Inc, which is making a big bet on 3D televisions this year.
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MetLife seals Alico deal after two-year quest

MetLife Inc pursued AIG's foreign life insurance business for two years before finally clinching a $15.5 billion purchase that will give it beachheads in 47 nations from Peru to Bangladesh.
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MetLife buying AIG's Alico unit for $15.5 billion

AIG is selling its foreign life insurance unit to MetLife Inc for about $15.5 billion, its second major asset sale in a week as it raises funds to repay a $182.3 billion U.S. government bailout.
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Four in five believe Web access a fundamental right

Four in five adults believe access to the Internet is a fundamental right -- with those feelings particularly strong in South Korea and China -- and half believe it should never be regulated, according to a global survey.

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