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The Latest Breaking News from Deficit

Cocoa Prices Supported by the Outlook for Tight Global Supplies

July ICE NY cocoa (CCN24 ) today is up +88 (+0.89%), and July ICE London cocoa #7 (CAN24 ) is up +88 (+1.12%). Cocoa prices today extended Thursday's sharp rally to 5-week highs on concern that tight global cocoa supplies will persist in the medium term. Lower cocoa production in...

Barchart

California Governor Newsom Proposes Police Defunding Amid Budget Crisis

Governor Newsom's budget plan addresses California's billion deficit with cuts to law enforcement and prisons, ensuring public safety amid financial ch...

Top News

Dollar Slips as Hawkish Lagarde Boosts the Euro

The dollar index (DXY00 ) Thursday fell by -0.16%. Thursday’s US economic news weighed on the dollar after weekly US jobless claims rose more than expected, a dovish factor for Fed policy. Also, the US Apr trade deficit widened by the most in 1-1/2 years, a negative factor for the...

Barchart

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Cocoa Prices End Sharply Higher as the Global Cocoa Deficit Widens

July ICE NY cocoa (CCN24 ) on Thursday closed up +464 (+4.93%), and July ICE London cocoa #7 (CAN24 ) closed up +261 (+3.44%). Cocoa prices closed sharply higher on Thursday due to concern that tight global cocoa supplies will persist in the medium term after the International Cocoa Organization...

Barchart

Argentina's Milei To Cut 50,000 State Jobs Amid Legislative Challenges

The move is part of the president's ongoing strategy to cut public spending and reduce the national deficit.

Reason

Cocoa Prices Jump on the Outlook for Global Cocoa Deficits to Persist

July ICE NY cocoa (CCN24 ) today is up +566 (+6.02%), and July ICE London cocoa #7 (CAN24 ) is up +255 (+3.360%). Cocoa prices today are sharply higher on concerns that tight global cocoa supplies will persist in the medium-term after the International Cocoa Organization (ICCO) raised its 2023/24...

Barchart

Dollar Finds Support on Higher T-Note Yields

The dollar index (DXY00 ) today is trading slightly higher on a rise in T-note yields. Gains in the dollar are limited after weekly US jobless claims rose more than expected, a dovish factor for Fed policy. Also, the US Apr trade deficit widened by the most in 1-1/2 years,...

Barchart

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US Trade Gap Widens To Largest In 18 Months

The US trade deficit expanded slightly less than analysts expected in April, to the widest since late 2022, as imports rose more quickly than exports, according to government data released Thursday.

International Business Times

Cocoa Prices Slip on Dollar Strength

July ICE NY cocoa (CCN24 ) on Wednesday closed down -149 (-1.56%), and July ICE London cocoa #7 (CAN24 ) closed down -41 (-0.54%). Cocoa prices closed moderately lower on Wednesday as a stronger dollar weighed on most commodities, including cocoa. Also, cocoa prices saw some long liquidation pressure after...

Barchart

Cocoa Prices Lower on Stronger Dollar

July ICE NY cocoa (CCN24 ) today is down -53 (-0.55%), and July ICE London cocoa #7 (CAN24 ) is down -41 (-0.54%). Cocoa prices today are moderately lower as a stronger dollar weighed on most commodities, including cocoa. Also, cocoa prices are seeing some fatigue on a lack of...

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Normandy surfs on 'memorial tourism' wave for 80th anniversary of D-Day

As hundreds of thousands of people flock to the French region of Normandy to commemorate the 80th anniversary of D-Day, local businesses there are capitalising on tourists' passion for World War II history. FRANCE 24's Leo McGuinn and our colleagues from France 2 report on this business of souvenir sales…

France 24

Mexico Aims To Reduce Budget Deficits Amid Market Turmoil

Mexico's treasury plans deficit reduction amidst market turmoil. Analysts skeptical of rapid changes.

Top News

Mexico's incoming administration pledges to reduce budget deficit as markets recover from shock

Mexico's treasury secretary has pledged to bring down the budget deficit in coming years, after the country suffered a partial meltdown in the currency and stock market

The Independent UK

Cocoa Prices Consolidate Recent Rally

July ICE NY cocoa (CCN24 ) Tuesday closed down -218 (-2.23%), and July ICE London cocoa #7 (CAN24 ) closed down -25 (-0.33%). Cocoa prices on Tuesday posted moderate losses as they consolidated and corrected lower after rallying by more than +15% over the past week. On Monday, NY cocoa...

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Autosport

Hickman battling 8mph deficit on Supersport bike at 2024 Isle of Man TT

Hickman – who is now a 14-time TT winner after claiming Sunday’s Superbike race – has been a factor in the Supersport battle at the Isle of Man since 2017 on his Trooper Triumph.

Barchart

Cocoa Corrects Lower After the Recent Jump in Prices

July ICE NY cocoa (CCN24 ) today is down -290 (-2.97%), and July ICE London cocoa #7 (CAN24 ) is down -61 (-0.80%). Cocoa prices today are posting moderate losses as they correct lower and consolidate after rallying by more than +15% over the past week. On Monday, NY cocoa...

Barchart

Cocoa Prices Close Sharply Higher as Global Cocoa Supply Outlook Worsens

July ICE NY cocoa (CCN24 ) on Monday closed up +444 (+4.76%), and July ICE London cocoa #7 (CAN24 ) closed up +220 (+2.96%). Cocoa prices rallied sharply on Monday, with NY cocoa posting a 5-week high and London cocoa posting a 4-week high. Lower cocoa production in the Ivory...

Barchart

Cocoa Prices Jump as Global Cocoa Deficit Widens

July ICE NY cocoa (CCN24 ) today is up +301 (+3.23%), and July ICE London cocoa #7 (CAN24 ) is up +220 (+2.96%). Cocoa prices today are sharply higher, with NY cocoa posting a 5-week high and London cocoa posting a 4-week high. Lower cocoa production in the Ivory Coast,...

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France 24

Mexico's incoming president faces tough economic challenges

On top of security, immigration and the green transition, Mexico's President-elect Claudia Sheinbaum is facing a host of economic challenges. In this year's budget, Mexico's public deficit stands at 5.9 percent, the largest in decades. Plus, as she seeks to cut spending, Sheinbaum will have to decide what to do…

The Independent UK

Japan’s Yuka Saso overturns three-shot deficit to win her second US Open title

A closing 68 gave the 22-year-old a winning total of four under par, three shots clear of compatriot Hinako Shibuno.

Motorsport

MotoGP Italian GP: Bagnaia leads factory Ducati 1-2

Bagnaia - who was demoted from second to fifth due to a grid penalty - claimed the lead at Turn 2 on the opening lap and never looked back, taking the chequered flag by 0.8s over team-mate Bastianini, as championship leader Jorge Martin had to settle for third. At the…

Autosport

WRC Rally Sardinia: Tanak slashes Ogier's lead, Neuville tops Sunday standings

Tanak started the morning trailing Ogier’s Toyota by 17.1s but a strong run through the morning’s two stages reduced the deficit to 6.6s with two stages remaining.

France 24

Ratings agency S&P downgrades French credit score from AA to AA-

Ratings agency S&P on Friday downgraded France's credit score for the first time since 2013, citing a deterioration in the country's budgetary position.

Barchart

Cocoa Prices Rise on ICCO's Larger Cocoa Deficit Estimate

July ICE NY cocoa (CCN24 ) Friday closed up +74 (+0.80%), and July ICE London cocoa #7 (CAN24 ) closed up +24 (+0.32%). Cocoa prices saw support after the International Cocoa Association raised its cocoa deficit estimate. On Friday, ICCO estimated a 439,000 MT cocoa deficit for 2023/24, 17% higher...

Autosport

Banning tyre warmers at Le Mans an "unsafe" choice, say Ferrari WEC drivers

Teams across both Hypercar and LMGT3 categories will not be allowed to artificially heat their tyres in the blue riband round of the World Endurance Championship on 15-16 June as per the updated sporting regulations for 2024. The WEC had originally imposed an outright ban on tyre warmers at the…

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