Commodities traders pledge at COP28 to protect South American grasslands
By Jake Spring DUBAI (Reuters) – Eight of the world’s top commodities traders have pledged to stop buying soy from farms that ruin South American grasslands, adding to previous commitments to shun…
Bank of England warns lenders over private equity, commodities exposure
By Huw Jones LONDON (Reuters) -The Bank of England said on Monday that banks may be underestimating their exposure to private equity and to commodity markets at a time when rising interest…
Macquarie commodities and markets boss earns $39 million, trumping CEO
SYDNEY (Reuters) – Macquarie Group’s commodities and global markets (CGM) division head earned about A$57.6 million ($39 million) for the year ending March 31, topping the CEO’s A$32.8 million compensation, according to…
BHP expects China to support commodities demand in 2023
(Reuters) – BHP Group Ltd on Thursday posted higher quarterly iron ore shipments that edged past expectations and said China was set to be a stabilizing force for commodities demand this year as…
Australia’s sovereign wealth fund buys gold, commodities as shadow of 1970s looms
By Lewis Jackson SYDNEY (Reuters) – Australia’s A$200 billion ($134.28 billion) sovereign wealth fund is increasing exposure to gold, commodities, private equity and infrastructure as it warns the future will echo the…
Rare China protests roil global commodities markets
By Noah Browning, Pratima Desai and Michael Hogan LONDON (Reuters) – Global commodities markets were hit on Monday by worries over rare demonstrations in China against COVID-19 curbs, with oil and grains…
Commodities key for diversifying portfolio risk, says Goldman
(Reuters) – Commodities remain a key asset class for diversifying portfolio risk despite continued underperformance to their own fundamentals given a strong dollar, rising recession fears and declining liquidity, analysts at Goldman…
Goldman says commodities outlook strong, pullbacks a buying opportunity
(Reuters) – The fundamental outlook for commodity prices is strong with inventories of metals and energy continuing to fall from low levels, Goldman Sachs said, terming a recent price pullback as longer-term…
Hedge funds turn tail as commodities crumble on recession rumble: McGeever
By Jamie McGeever ORLANDO, Fla. – Buy and hold, maximum long. That has basically been the strategy for commodity hedge funds for the last couple of years, but it is fast losing…
Traders can decide if Russian commodities deals are allowed -Swiss
By Michael Shields ZURICH – Trading houses can decide for themselves whether commodity deals with state-controlled Russian companies meet the standard of being “strictly necessary” in order to avoid international sanctions, the…
China’s commodities consumption to slow, no longer ‘big bulls’, says analyst Mistry
By Mei Mei Chu KUALA LUMPUR – Buyers in China, the world’s second-largest palm oil importer, are “no longer big bulls” in the commodities markets as they face an economic slowdown while…
Brazil commodities sales to Arab nations soar as importers stock up on food
By Ana Mano SAO PAULO – Brazilian exports to the 22 countries in the League of Arab Nations rose in the first quarter amid a spike in agricultural commodities prices and a…
Florida man who defrauded elderly investors with fake commodities investment scheme sentenced to prison
Seattle –A Cocoa Beach, Florida, man was sentenced today in U.S. District Court to 30 months in prison for wire fraud in connection with his million-dollar scheme to pose as a successful…
Toronto index falls as sliding commodities weigh on energy, material stocks
By Bansari Mayur Kamdar – Canada’s benchmark index extended losses for a third straight session on Tuesday, as weakness in energy and metal prices due to rising COVID-19 cases in China weighed…
Oil, commodities price shock could cost over 4% of global GDP, Trafigura says
By Julia Payne LONDON – Soaring prices of commodities from oil to wheat in the wake of Russia’s invasion of Ukraine could cost the global economy the equivalent of at least 4%…
Commodities market volatility sparks spillover concerns
By John McCrank NEW YORK – Wild swings in the prices of oil, metals and other raw materials generated more margin calls at trading firms on Tuesday, heightening worries that the volatility…
Goldman sees commodities rally on Russia-Ukraine crisis, sanctions
– Goldman Sachs expects a rise in the prices of commodities that Russia is a major producer of and lifted its short-term Brent crude forecast as the West stepped up political and…
Trader Indicted for Commodities Insider Trading Scheme
A federal grand jury in Houston returned an indictment on Dec. 7 charging a natural gas trader for an insider trading scheme involving natural gas futures. According to court documents, Peter Miller,…
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