Yahoo shares rally following the news on selling Alibaba stake

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Source: BBC

Yahoo shares advanced 6% after the report that the company is planning to sell its stakes in Alibaba Group and in Yahoo Japan. The New York Times announced that Yahoo wants to decrease the stake in Alibaba from 43% to 15%. Analysts expect the deal to amount $17bn while Yahoo purchased Alibaba stake for $1bn six years ago.

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Thu, 22 Dec 2011 17:39:58 GMT

Copper futures rose on China's demand optimism

Copper futures saw gains for the third consecutive day approaching one-week high on the stronger China's demand and weaker USD. Copper futures for delivery in March traded at USD3.420 per pound at the early European trade, on the Comex division of the New York Mercantile Exchange, gaining 0.75% since opening.

Thu, 22 Dec 2011 17:36:20 GMT

Worldwide coffee exports increase by 41% amounting $23.5 billion

World's coffee exports are expected to total $23.5 billion or 102.4 million bags this year as compared to $16.7 billion or 96.8 million bags in 2011, indicating a 41% increase, reported International Coffee Organisation. Coffee is the second most traded commodity after oil in the world. Coffee futures for delivery in March traded at USD2,192 a pound on the Inter Continental Exchange, easing down by

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