KUALA LUMPUR (Nov 9): Malaysian palm oil futures fell 1.6% to a more than three-year low on Friday, tracking weakness in soyoil and on concerns of a slowdown in exports.
The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was down 1.2% at 2,061 ringgit (US$493.42) a tonne at the midday break, heading for a fourth straight session of declines.
The 11/11 Global Shopping Festival just wrapped up with another record - $30.8 billion in sales in 24 hours. But If you think you know Singles' Day by the numbers, think again. This post includes insights and intelligence direct from 11/11, world's #1 shopping day.
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Africa Roundup: Local VC funds surge, Naspers ramps up and fintech diversifies Tarform debuted new e-motorcycles but is there a U.S. market? Nigerian consumer data analytics firm Terragon Group has acquired Asian […]