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Day: June 29, 2023

Dollar Near 7-Month High Versus Yen

The US dollar hovered near a 7-1/2-month high against the Japanese yen on Thursday after the heads of the respective central banks reaffirmed the stark divergence in their policy paths at a European Central Bank (ECB) conference overnight.Federal Rese…

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Cocoa Hits Highest Price in 46 Years

Cocoa prices surged to the highest in 46 years on the Intercontinental Exchange in London as bad weather in West Africa threatened production prospects for the main suppliers of the primary raw material used to make chocolate.The benchmark September c…

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Denmark Raises Defense Spending to $21 Billion

Denmark agreed to allocate 143 billion kroner ($21 billion) to its armed forces over the next 10 years.With the new budget, Denmark will in 2030 reach a NATO requirement on spending 2% of gross domestic product on its defense.The government reached th…

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