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Indonesia to boost biodiesel output to meet new mandates -industry

BALI, Indonesia, Nov 26- Biodiesel producers in Indonesia are planning to ramp up output capacity next year by almost a fifth to 8 million kilolitres to meet higher mandates, a senior industry official said. Indonesia has been pushing for greater local use of edible oil-based biodiesel to cut its fossil fuel import bill and create more demand for palm oil, of which...
Source: Reuters | By: Emily Chow
INTERVIEW-Malaysia refiners call for common palm oil export duty plan with Indonesia

KUALA LUMPUR, Nov 26- Malaysia should work towards a common palm oil export duty plan with Indonesia to support its refining sector, which risks losing market share following the introduction of more competitive Indonesian levies, a Malaysian industry body said. Refiners in top palm producer Indonesia enjoy an advantage as the country's levy on refined palm...
Source: Reuters | By: Emily Chow
Valeant drugs lead steep price increases

Valeant and other drug companies have drawn scrutiny from Congress, hospitals and patients for sharply increasing their prices, the NYT reports.
Source: The New York Times | By: Andrew Pollack
Climate changes take heavy toll on Ugandan coffee farmers

KASESE, Uganda— Luka Kinyere felt the wet, dark volcanic soil in his calloused palm, thankful for the rain that was falling again after a dry spell. Here in the foothills of Uganda's Rwenzori Mountains near the border with Congo, coffee is the lifeblood of many families, and men like the polygamous Kinyere need great coffee yields to run their households.
Source: The Associated Press | By: By RODNEY MUHUMUZA, Associated Press
With just one swipe your ID could be stolen

Identity thieves are tampering with the card slots in ATMs to steal your identity, NBC News reports.
Source: NBC NEWS | By: Gabe Gutierrez
Now S&P warns it may cut Noble's rating to junk

Beleaguered commodities trader Noble Group is at another risk of losing an investment grade rating: This time from Standard and Poor's.
Source: CNBC.com | By: Huileng Tan
Dycom Industries beats Street 1Q forecasts

PALM BEACH GARDENS, Fla. _ Dycom Industries Inc. on Monday reported fiscal first-quarter earnings of $30.8 million. Six analysts surveyed by Zacks expected $625.7 million. For the current quarter ending in February, Dycom Industries expects its per-share earnings to range from 52 cents to 60 cents.
Source: The Associated Press
Young 'One Percent' money is actually pretty old

Research shows that despite their high profile, the young rich are a minority and the wealthy are actually getting older., The New York Times reports.
Source: The New York Times | By: Robert Frank
Indonesia, Malaysia form OPEC-like palm oil council

KUALA LUMPUR, Malaysia— Indonesia and Malaysia, the world's top two palm oil producers, signed an agreement Saturday to set up a council for palm oil producing countries in a bid to ensure price stability by managing production and stock in the global market. It will also aim to improve the livelihoods of more than 4 million oil palm smallholders in Indonesia and...
Source: The Associated Press
UPDATE 1-Malaysia, Indonesia to spend $5 mln each on joint palm council's initial ops

KUALA LUMPUR, Nov 21- Malaysia and Indonesia will invest $5 million each in the initial operations of a new joint palm oil body, whose tasks will include stabilizing prices and managing stock levels, the countries announced on Saturday. The council secretariat will be located in Jakarta and its membership will be extended to all oil palm cultivating countries,...
Source: Reuters