PureGym is seeking to raise £1.4 billion ($1.9 billion) from the high-yield bond market to refinance outstanding debt that may cut the gym operator’s borrowing costs.
PureGym is seeking to raise £1.4 billion ($1.9 billion) from the high-yield bond market to refinance outstanding debt that may cut the gym operator’s borrowing costs.
The US has a complete lack of fiscal discipline, and efforts to push down long-term borrowing costs are unlikely to work unless the government addresses the country’s mounting deficit, according to Oaktree Capital Management co-founder Howard Marks.
The US has a complete lack of fiscal discipline, and efforts to push down long-term borrowing costs are unlikely to work unless the government addresses the country’s mounting deficit, according to Oaktree Capital Management co-founder Howard Marks.
Cocoa futures headed for a weekly decline, as the market grapples with the prospect of sufficient short-term supplies being followed by a deficit in the season ahead.
Cocoa futures headed for a weekly decline, as the market grapples with the prospect of sufficient short-term supplies being followed by a deficit in the season ahead.
Simon Essah walks through his cocoa farm in southwest Ghana, pointing to trees scarred by black pod disease, the latest in a series of threats plaguing his crop this year.
Simon Essah walks through his cocoa farm in southwest Ghana, pointing to trees scarred by black pod disease, the latest in a series of threats plaguing his crop this year.
White sugar futures in London rose for a third straight week, slightly outpacing raw sugar and keeping refining margins near their highest levels in two years.
White sugar futures in London rose for a third straight week, slightly outpacing raw sugar and keeping refining margins near their highest levels in two years.
Cocoa demand is expected to remain uneven across the world, suggesting the recovery remains fragile as renewed supply concerns push bean prices higher and threaten to keep chocolate pricier for longer.
Cocoa demand is expected to remain uneven across the world, suggesting the recovery remains fragile as renewed supply concerns push bean prices higher and threaten to keep chocolate pricier for longer.
Cocoa beans in a machine at chocolate factory in Paris.
The latest bout of volatility in the coffee market is set to linger, complicating the outlook for consumers hoping to see lower prices, according to Italian roaster Luigi Lavazza SpA.
The latest bout of volatility in the coffee market is set to linger, complicating the outlook for consumers hoping to see lower prices, according to Italian roaster Luigi Lavazza SpA.
South Korea is looking at creating an investment fund using excess tax revenue fueled by its burgeoning semiconductor sector to finance long-term economic growth, a senior government official said.
South Korea is looking at creating an investment fund using excess tax revenue fueled by its burgeoning semiconductor sector to finance long-term economic growth, a senior government official said.
Th SK Hynix Inc. semiconductor plant under construction in Yongin, South Korea, on Tuesday, June 30, 2026. South Korean firms including Samsung and SK Hynix will spend at least 1,350 trillion won ($880 billion) on chips and data centers as the country seeks to maintain its edge in the AI era.
South Korea is looking at creating an investment fund using excess tax revenue fueled by its burgeoning semiconductor sector to finance long-term economic growth, a senior government official said.
South Korea is looking at creating an investment fund using excess tax revenue fueled by its burgeoning semiconductor sector to finance long-term economic growth, a senior government official said.
Th SK Hynix Inc. semiconductor plant under construction in Yongin, South Korea, on Tuesday, June 30, 2026. South Korean firms including Samsung and SK Hynix will spend at least 1,350 trillion won ($880 billion) on chips and data centers as the country seeks to maintain its edge in the AI era.
The cocoa crop in top grower Ivory Coast could fall by about a fifth in the next season as the number of pods on trees lags, risking tighter global supplies, according to traders surveyed by Bloomberg.
The cocoa crop in top grower Ivory Coast could fall by about a fifth in the next season as the number of pods on trees lags, risking tighter global supplies, according to traders surveyed by Bloomberg.
Cocoa pod harvesting in Ivory Coast. Photographer: Andrew Caballero-Reynolds/Bloomberg
Moreton Capital Partners is shifting focus to extreme weather.
A burnt ear of corn during a heat wave in Angel R. Cabada, Veracruz state, Mexico, on Saturday, June 24, 2023. There is a 50% chance above normal temperatures will persist across much of Mexico through July 11, according to the US Climate Prediction Center's global hazards outlook. Photographer: Hector Quintanar/Bloomberg
The growing threat posed by a so-called “super El Niño” to global food supplies is spurring the creation of a new commodities fund.
An ear of corn grown from maize hybrid seeds from Agricol (Pty) Ltd. stands on display at Grain SA's NAMPO Harvest Day in Bothaville, South Africa on Tuesday, May 14, 2019. NAMPO, one of the Southern hemispheres largest agricultural shows, runs from 14th-17th May.
Coffee traders are betting Brazil’s record harvest will ease a global supply crunch, but farmers in the world’s top grower are in no hurry to sell beans, squeezing supplies in consuming countries.
Coffee traders are betting Brazil’s record harvest will ease a global supply crunch, but farmers in the world’s top grower are in no hurry to sell beans, squeezing supplies in consuming countries.
A worker transports coffee cherries during a harvest in Jacutinga, Minas Gerais state, Brazil, on Thursday, July 31, 2025. Despite a planned 50% tariff on Brazilian imports to the US, Arabica coffee beans may remain resilient, after rising 13.1% in the first five months of the year, despite the headwind of price increases, which are averaging 88.4%.
Sugar futures fluctuated in New York as traders weighed ample Brazilian supplies against mounting El Niño risks that could tighten global supplies later this year.
Sugar futures fluctuated in New York as traders weighed ample Brazilian supplies against mounting El Niño risks that could tighten global supplies later this year.
Trucks loaded with sugarcane wait for processing at a sugar plant in Itapetininga, Sao Paulo state. Photographer: Jonne Roriz/Bloomberg
Ghana is planning to raise $1 billion through domestic bonds to fund cocoa purchases from farmers, part of an overhaul of the way it delivers the commodity to global buyers.
Ghana is planning to raise $1 billion through domestic bonds to fund cocoa purchases from farmers, part of an overhaul of the way it delivers the commodity to global buyers.
A farmer dries cocoa beans in Kwabeng, Ghana. Photographer: Paul Ninson/Bloomberg
The European Commission’s plan to curb some duty-free sugar imports to bolster prices is pitting beet growers against cane refiners and multinational food giants, in a dispute that risks undermining the region’s competitiveness.
The European Commission’s plan to curb some duty-free sugar imports to bolster prices is pitting beet growers against cane refiners and multinational food giants, in a dispute that risks undermining the region’s competitiveness.
Some of the world’s top coffee traders and roasters are starting an initiative to map farms around the globe, in a bid to help tackle deforestation and keep the European market open for millions of growers.
Some of the world’s top coffee traders and roasters are starting an initiative to map farms around the globe, in a bid to help tackle deforestation and keep the European market open for millions of growers.
A plot of land deforested for the planting of coffee crops at a farm near Subirana, Honduras.
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