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Showing posts from January 27, 2014


Today's #Dailychart shows that many emerging-market currencies are falling against the American dollar. 

Since January 22nd the Argentine peso has fallen by 14%. 

It may be the most dramatic plunge among emerging-market currencies in recent days, but it is hardly alone. 

From Turkey to South Africa to India, the currencies have been weakening against the dollar

Starbucks hit by shift to online shopping

By Candice Choi
Associated Press • 

Monday January 27, 2014 12:14 AM

NEW YORK — For marathon shoppers, stopping in at Starbucks is often a quick way to refuel. So where does that leave the cafes as more people decide to shop online from their couches?

The Seattle-based company apparently felt the impact this holiday season.

 Last week, Starbucks blamed its slower sales growth in the final three months of the year partly on the “seismic shift” toward online shopping that was underway.

“The impact to us is that there are fewer people out and about in the weeks leading up to Christmas,”
said Troy Alstead, the company’s chief financial officer.

Starbucks said sales at established U.S. cafes rose 5 percent in the period ending Dec. 29, compared with growth of 7 percent a year earlier. In the previous two quarters, it had climbed 8 percent and 9 percent.

ShopperTrak, which tracks data at 40,000 stores in the U.S., backs up Starbucks’ assertion. The firm said there were fewer people in stores this …


"Lacking major investment in infrastructure and world class marketing companies not to mention substantial volume in order to influence markets, the recent stated objective shows a lack of vision on the part of the Colombian Government as well as the private sector."

~ Will Cavan Executive Director International Mango Organization (IMO)

Public-private partnership to raise export profile of seven crops

January 27th, 2014

After a year of efforts from private industry, the Colombian government has decided to include fruit growers in its Program of Productive Transformation (PTP), with the goal of raising seven of the country’s crops to world class export status.

The deal reached between the Colombian Horticultural Association (Asohofrucol) and the Ministry of Commerce, Industry and Tourism (MINCIT) aims to lift the profile of the papaya, pineapple, mango, strawberry, avocado, onion and chile pepper industries to respond to strong global demand.

“The program aims to generate a public-p…