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Ocwen reports 1Q loss

WEST PALM BEACH, Fla. _ Ocwen Financial Corporation on Wednesday reported a first-quarter loss of $111.3 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 48 cents per share. This story was generated by Automated Insights using data from Zacks...

Source: The Associated Press

Moldovan anti-government protesters scuffle with police

CHSINAU, Moldova— Protesters scuffled with police who fired tear gas at them Sunday during a march in the Moldovan capital attended by thousands who were demanding the resignation of the government and early elections. Political leaders and parties declined to take part in the protest because Orthodox Christians were celebrating Palm Sunday, a religious...

Source: The Associated Press

Palm oil industry fumes as Indonesia gets tough on forest fires

JAKARTA, April 22- Palm oil firms have slammed Indonesia's move to prohibit the use of new land to boost production, saying President Joko Widodo's latest effort to tackle forest fires could slash jobs and cripple output in the world's top producer of the commodity. While green groups welcomed the moratorium, palm firms have questioned its effectiveness and...

Source: Reuters

UPDATE 1-Florida man indicted for bribery in case tied to JPMorgan hacking

NEW YORK, April 21- A Florida man was arrested on Thursday for participating in a bribery scheme aimed at supporting an illegal bitcoin exchange operated by his son and owned by an Israeli behind a series of hacking attacks on organizations such as JPMorgan Chase& Co.. Michael Murgio, who serves on a school board in Palm Beach County, was charged in an indictment...

Source: Reuters

Florida man indicted for bribery in case tied to JPMorgan hacking

NEW YORK, April 21- A Florida man was arrested on Thursday for participating in a bribery scheme aimed at supporting an illegal bitcoin exchange operated by his son and owned by an Israeli behind a series of hacking attacks on organizations such as JPMorgan Chase& Co.. Michael Murgio, who serves on a school board in Palm Beach County, was charged in an indictment...

Source: Reuters

VEGOILS-Palm oil hits strongest levels in nearly 2 weeks tracking rival oils

KUALA LUMPUR, April 20- Malaysian palm oil futures rose for a third consecutive day on Wednesday, tracking a rally in alternative vegetable oils to reach a near two-week high. It earlier hit an intraday peak of 2,733 ringgit, the highest since April 7. Among alternative oils, the September soybean oil contract on the Dalian Commodity Exchange gained 1.6 percent,...

Source: Reuters

UPDATE 3-French assembly adopts softer tax on palm oil used in food

PARIS, March 17- France's plans to impose an additional tax on palm oil used in food from 2017 moved a step closer on Thursday as the National Assembly approved the levy, which has been vehemently opposed by top producers Indonesia and Malaysia. The tax would now start at 30 euros in 2017 and rise by 20 euros per year to 90 euros in 2020, rather than start at a flat rate...

Source: Reuters

Profits ahead for SEAsian palm oil firms as El Nino hits inventories

BENGALURU/ KUALA LUMPUR, March 18- Palm oil inventories are set to drop further as an El Nino weather event chips away at yields in Southeast Asia, boosting a rally in prices of the tropical oil and helping producers rake in more profits for the first time since 2011.. Palm oil prices have risen almost 9 percent over two months, with analysts expecting this trend to...

Source: Reuters

UPDATE 2-French assembly approves extra tax on non-sustainable palm oil

PARIS, March 17- France's plans to impose an additional tax on palm oil used in food from 2017 moved a step closer on Thursday as the National Assembly approved the levy, which has been vehemently opposed by top producers Indonesia and Malaysia. "The introduction into France's fiscal legislation of a tax on products whose impact on deforestation is recognised...

Source: Reuters

UPDATE 1-French national assembly approves extra tax on palm oil

PARIS, March 17- France's National Assembly approved on Thursday an additional tax on palm oil used in food from 2017, which has been vehemently opposed by top producers Indonesia and Malaysia who call it discriminatory. The French government backed an amendment making the tax progressive, starting at 30 euros next year to rise to 90 euros in 2020 to allow a...

Source: Reuters