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Speculators show global commodities rout still has legs

LONDON, July 27- Speculators have confirmed what everyone else has been thinking: expect more falls in commodities, as worries about China and higher interest rates combine with waning sentiment to suggest markets are heading further south. Losses are not new, with oil and gold having peaked in July 2008 and September 2011 respectively, while iron ore has been on...
Source: Reuters | By: Veronica Brown and Pratima Desai
INSIGHT-Puerto Rico tourism industry lags rivals, offers little relief from debt crisis

July 27- Puerto Rico may sport palm trees, pristine beaches and glorious weather but its tourism industry is losing out to rival Caribbean islands- and that is holding the U.S. territory back at a time when its deeply troubled economy most needs a fillip. Rick Newman, who owns and operates the Verdanza Hotel in the popular beachside tourist strip of Isla Verde, says...
Source: Reuters | By: Jessica DiNapoli
Trump's $550M golf empire may be in the weeds

Among Donald Trump's financial claims, few have focused on his valuation of his golf courses.
Source: CNBC.com | By: Tim Mullaney, Special to CNBC.com
Activist group says Liberians pressured to sign away land

In its report, the group called on Liberia's government to "investigate acts of violence, pass a law recognizing that rural communities own their land, and regulate the country's agriculture sector to bring an end to the impunity enjoyed by plantation companies." The report accused Golden Veroleum of accelerating operations at the peak of Liberia's Ebola...
Source: The Associated Press
How startups are trying to cash in on outer space

Satellite makers are piggybacking on SpaceX flights, creating highly valuable imagery for investors and environmentalists. But it's risky business.
Source: CNBC.com | By: Ari Levy
Sharknado writer: Limitless stream of flying sharks  

Thunder Levin, SharkNado 3 screenwriter, says you can expect three times the sharks and three times the "nados" in Sharknado 3: Oh Hell No!
Source: CNBC.com
Bank of Montreal to pay $16 mln over Petters' Ponzi scheme

July 16- Bank of Montreal agreed to pay $16 million to end a U.S. lawsuit claiming that a lender it bought caused two bankrupt Florida funds to lose money in imprisoned swindler Thomas Petters' $3.65 billion Ponzi scheme. Bank of Montreal denied liability in agreeing to settle. The lawsuit by the trustee Barry Mukamal stemmed from Petters' relationship with...
Source: Reuters | By: Jonathan Stempel
FACTBOX-Impact of El Nino on key crops in Asia and South America

This warming of sea-surface temperatures in the Pacific causes heavy rains and floods in South America and scorching weather in Asia and even East Africa. Wheat is planted in April-May, and September is the crop's make-or-break month. Despite abundant rice stocks in key producers India and Thailand, El Nino is likely to curb the output of Asia's staple food.
Source: Reuters
China funds target commodities after slump in equities

HONG KONG/ BEIJING, July 8- Chinese hedge funds have been big short sellers of locally traded commodities, including iron ore, steel and rubber, after redeploying cash from tumbling equity markets where authorities have slapped curbs on trading, fund managers and traders said. There had been forced liquidation on China's commodities markets due to margin calls...
Source: Reuters | By: Polly Yam and Dominique Patton
UPDATE 3-Carnival aims to start "cultural" Cuba cruises in May

MIAMI, July 7- Carnival Corp has won U.S. approval to operate culturally-themed cruises to Cuba and plans to start taking travelers there in May, joining a growing list of maritime companies hoping to profit from a thaw in relations between Washington and Havana. The United States and Cuba have been working for months to improve relations after more than five...
Source: Reuters | By: David Adams