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StanChart signs $500m risk-sharing deal with Ofid

A $500 million trade-finance agreement has been signed between global bank Standard Chartered and the Organisation of Petroleum Exporting Countries Fund for International Development (Ofid), which aims to boost world trade flows for emerging market banks.

Record high sugar prices hit ethanol market

Ethanol prices in Brazil have recently risen due to a decrease in production. According to experts, record high sugar prices in the region are encouraging mills to refine sugar over ethanol, which is giving a 50% better return.

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