Market Review 26-4

Market Review 26-4

Daimler, BMW Reach a Deal to Merge Car-Sharing Units

 

By
Oliver Sachgau, Christoph Rauwald , Gabrielle Coppola

 

March 28, 2018, 2:43 PM GMT+3 Updated on March 28, 2018, 8:44 PM GMT+3

 

  • Joint venture to include ride-hailing, parking-locator service
  • Automakers raise 2018 earnings forecasts following deal
  • The companies will form a 50-50 joint venture to include Daimler’s Car2Go and BMW’s DriveNow businesses as well as services including smartphone apps for calling taxis, locating parking spots and recharging electric autos, they said in a joint statement. Both carmakers raised full-year profit forecasts, saying earnings are likely to increase slightly if they can complete the deal in 2018, versus earlier predictions of flat figures.

 

https://www.bloomberg.com/news/articles/2018-03-28/daimler-bmw-are-said-to-reach-deal-to-merge-car-sharing-units

 

 

Daimler AG (DDAIF) Given Consensus Recommendation of “Buy” by Brokerages

 

Posted by Andrew Steele on Apr 24th, 2018 // No Comments

 

Daimler AG (OTCMKTS:DDAIF) has been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

 

Daimler AG (DDAIF) Given Consensus Recommendation of “Buy” by Brokerages

 

 

Analysts Set Daimler AG (DDAIF) Target Price at $104.00

 

Posted by Rob Logan on Apr 24th, 2018 // No Comments

 

Shares of Daimler AG (OTCMKTS:DDAIF) have received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $104.00.

 

Analysts Set Daimler AG (DDAIF) Target Price at $104.00

 

 

 

Ivory Coast Suspends Plans to Boost Cocoa Yields on Price Drop

 

By
Isis Almeida, Olivier Monnier, and Baudelaire Mieu
April 23, 2018, 7:26 PM GMT+3 Updated on April 24, 2018, 7:00 AM GMT+3

 

  • Yield improvement programs to be suspended from October
  • World’s No. 1 grower wants to control supplies to market

 

Ivory Coast’s cocoa regulator plans to suspend programs that are assisting farmers to improve their yields after last season’s record crop caused prices to plunge, according to a letter obtained by Bloomberg.

 

https://www.bloomberg.com/news/articles/2018-04-23/ivory-coast-suspends-plans-to-boost-cocoa-yields-on-price-drop

 

 

Ghana and Ivory Coast forge ahead with global cocoa price control

 

This article is powered by The Public Ledger

 

20 pr 2018 Obafemi Oredein

 

The world`s two largest cocoa producers, Ghana and Ivory Coast, announced in March two major steps that would help them halt the fall of cocoa prices and take control to dictate its prices.

 

https://iegvu.agribusinessintelligence.informa.com/CO218177/Ghana-and-Ivory-Coast-forge-ahead-with-global-cocoa-price-control

 

 

Cocoa prices jump after Citigroup sees supply shortages ahead

 

WED, APR 18, 2018 – 5:50 AM

 

COCOA prices took off on Monday after Citigroup Inc predicted the tightest supply situation in a decade. One analyst said that this could just be the start of the rally and it’s time to be a “raging long-term bull”.

 

HTTPS://WWW.BUSINESSTIMES.COM.SG/ENERGY-COMMODITIES/COCOA-PRICES-JUMP-AFTER-CITIGROUP-SEES-SUPPLY-SHORTAGES-AHEAD

 

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