Tue, December 3, 2024
[ Tue, Dec 03rd 2024 ]: Bill Williamson
HELB, National Treasury Advertise Top Managerial Job Openings for Kenyans, Monthly Salary
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Average Net Worth by Age: How Do You Measure Up?
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Pat Gelsinger and Carlos Tavares had the same big problem: Morning Brief
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Palestinians File German Complaint on Media Giant Axel Springer's Business in Israeli Settlements
[ Tue, Dec 03rd 2024 ]: Bill Williamson
30 Under 30 Finance 2025: From Fintech's Top Founders To Wall Street's Best Dealmakers
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Qatar-Kazakhstan investment projects exceed $20bln
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Google Worried Israeli Contract Could Enable Human Rights Violations
[ Tue, Dec 03rd 2024 ]: Bill Williamson
EPFO claim rejected or 'returned': Know why and how to fix errors
[ Tue, Dec 03rd 2024 ]: Bill Williamson
GDP declines by 0.3% in third quarter
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Will Luxury & Sin Goods See A Tax Hike In December, 35% GST On Tobacco, Aerated Drinks?
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Be the Future: Malaysia's First Philosophy, Politics & Economics Degree
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Stellantis considers Picat and Filosa for CEO, says source
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Jack Nathan Health Closes Sale of Canadian Business and Positions for Global Growth
[ Tue, Dec 03rd 2024 ]: Bill Williamson
France faces 'moment of truth' with government on brink of collapse
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Lighthouse Canton Releases Venture Debt Report, H .. h of Non-Dilutive Financing for Startups in India
[ Tue, Dec 03rd 2024 ]: Bill Williamson
REITs in India: 24% returns and 60% of office space ready for investment
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Upper Crust owner SSP posts 23% rise in annual profit
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Egypt's non-banking finance hit $13bln in 9 months: FRA
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Indonesia offers six oil and gas blocks in second 2024 auction
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Buy 'Magnificent Seven' on Corrections, NYU's Damodaran Says
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Commonwealth bank announces major changes to everyday accounts and additional cash withdrawal fees
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Will RBI announce a rate cut? MPC meet date, time, and what to expect
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Prosus invests $100 million in Vastu Housing Finance, acquires minority stake
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Exclusive: Netflix star Ryan Serhant raises $45 m .. ion to disrupt the real estate brokerage business
Mon, December 2, 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Cheap electric car finance could be on the cards as government aims to boost sales
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Stock market today: Nasdaq jumps, aims for record as stocks kick off final month of banner 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Stock market today: Nasdaq pops as Dow, S&P 500 h .. cord highs to kick off final month of banner 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Accenture nominates Masahiko Uotani, Jennifer Nason to board of directors
[ Mon, Dec 02nd 2024 ]: Bill Williamson
St James's Place to cut around 500 jobs, source says
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Roanoke announces new city manager
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Stock market today: Nasdaq pops as Dow, S&P 500 h .. ar records to kick off final month of banner 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
B2B supply chain financing platform Mintifi raises $80 million from Prosus
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Why Keir Starmer's botched honeymoon with business is firmly in the bin
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Trump's second coming: What it means for the global economy and India's next move
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Truth about viral prediction that work as we know it will be 'extinct' within a decade
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Govt to proceed with plan to set up revenue body, Hashim signals
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Hero Future Energies to invest $1.3bn in India's Karnataka
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Business cycle funds: Ideal for seasoned investors with macro-driven goals
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Taurus Daily Horoscope Today (April 20- May 20), December 2, 2024: Keep a broad perspective!
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Why ATM solutions company CMS Info Systems is looking for a queen
[ Mon, Dec 02nd 2024 ]: Bill Williamson
India removes windfall profit tax on domestically-produced crude oil and fuel exports
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Ripple's XRP Becomes One of World's Biggest Cryptocurrencies After Trump Election Surge
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Swiss corruption case involving Trafigura and former executive opens
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Sebi issues attachment order for Anil Ambani's Reliance Big Entertainment
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Stock market today: Dow, S&P 500 hold near record highs to kick off final month of banner 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
The good and the bad for South Africa heading into 2025
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Costco's Buffalo plan: cost, timeline and more

Banks behind troubled Brazil coffee traders could take $181 mln hit

The article from Reuters discusses the financial strain on banks due to the collapse of Brazil's coffee trading sector. It highlights that banks, including major players like Rabobank, could face losses up to $181 million due to the default of several coffee trading firms in Brazil. The crisis was triggered by a combination of factors including a sharp drop in coffee prices, high leverage, and speculative trading. Notably, companies like Cooxupe, a cooperative, and other traders like Terra Forte and Carvalhas have either defaulted or are in financial distress. This situation has led to significant losses for banks, with Rabobank alone potentially facing a $50 million hit. The article also mentions that the Brazilian government and financial institutions are working on solutions to mitigate the impact, including potential restructuring of debts and new financing options for the sector.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/banks-behind-troubled-brazil-coffee-traders-could-take-181-mln-hit-2024-12-02/ ]