News Paper Summary Essay Example | Topics and Well Written Essays - 500 words - 10

News Paper Summary - Essay ExampleThe biggest producers of coffee are focusing on their best customers, a move that is campaign up prices. Coffee consumption is rising in Brazil, Colombia and Vietnam, the countries that produce 60% of the worlds beans. Brazils consumption of coffee is expected to reach 1.03 million piles this year. Rising incomes have enabled consumers in producing nations to not only consume more coffee, but also demand higher quality. Consumers are also switching from cheaper substitutes much(prenominal) as tea. Brazils coffee production has increased by 61% over the last decade, but its exports have only risen by 34%, with the equilibrium consumed locally. U.S. importers are paying higher prices because they compete with Brazilian buyers.In the ongoing official unraveling of Esprito Santo Saga, multiple threads have led to Eurofin, a junior-grade Swiss company. Eurofin Holdings SA was the only auditor of Esprito Santos books, which werediscovered to be riddle d with irregularities. The firm is also indirectly connected to Banco Esprito Santo through its straits financial officer, Joo Moreira Rato. Mr. Ratos partner, Joo Poppe, is the nephew of Ricardo Esprito Santo Salgado. Eurofin also helped Banco Esprito in creating debt products that were sold to retail investors recently. Portuguese authorities suspect that the profits were used to finance other troubled Esprito Santo entities. The authorities are seeking to establish Eurofins multifaceted relationship with Esprito Santo.Goldman Sachs Groupis reconsidering its business with hedge funds it is discarding less-profitable customers and increase fees on others in an attempt to adapt to new banking rules. The regulations have forced the bank to allocate more capital, reducing profits from its business. The changes highlight the way jetty Street is trying to conform to the changing landscape. The bank also is pulling its cash from its internal hedge fund. Banks