Japan’s July core inflation likely slowed on weaker commodity prices: Reuters poll
By Kantaro Komiya TOKYO (Reuters) – Japan’s core inflation likely eased in July, according to a Reuters poll of analysts, weighed by softer commodity prices, although the indicator is set hold above…
Factbox-Russia’s Rostov, seized by rebels, is important commodity hub
By Polina Devitt and Dmitry Zhdannikov LONDON (Reuters) – Following are facts about oil, gas and grains flows in Russia’s southern region of Rostov, where the capital Rostov-on-Don was seized by Russian…
G20 watchdog says commodity market concentration poses threat to wider economy
By Huw Jones LONDON (Reuters) – The pandemic and war in Ukraine highlighted weaknesses in commodity markets where a ‘significant’ concentration of firms, banks, exchanges and clearing houses threatens to transmit losses…
Out of lockdown, Kmart pushes Australia’s Wesfarmers to higher profit
By Byron Kaye and Roushni Nair (Reuters) -Australia’s biggest listed conglomerate Wesfarmers Ltd booked a better-than-expected interim profit as a post-lockdown rebound at its Kmart chain offset a sluggish performance from its…
CFTC to charge FTX ex-CEO with digital commodity asset fraud -source
WASHINGTON (Reuters) – The U.S. Commodity Futures Trading Commission will file charges on Tuesday against cryptocurrency exchange FTX founder Sam Bankman-Fried over alleged digital commodity asset fraud, a source familiar with the…
TSX futures rise on higher commodity prices
(Reuters) – Futures tracking Canada’s resources-heavy main stock index gained on Friday as prices of oil and precious metals rose on investors’ hopes that top consumer China’s economy would strengthen as it…
EU starts crackdown on commodity firms using derivatives markets
By Huw Jones LONDON (Reuters) – The European Union flagged tougher requirements on Wednesday for commodity companies using derivatives markets after failing to meet higher collateral calls when gas prices rocketed due…
India says falling commodity prices to ease inflationary pressures
By Nikunj Ohri and Shivangi Acharya NEW DELHI (Reuters) – India’s inflation is likely to ease in the coming months, partly due to fall in commodity prices, India’s finance ministry said in…
Analysis-Investors expand footprint in commodity trade finance as banks retreat
By Julia Payne, Pratima Desai and Peter Hobson LONDON (Reuters) – Hedge funds have stepped up financing of trade in commodities such as oil, gas, cocoa and copper as banks hit the…
Robust commodity prices helps narrow Australia’s budget deficit
SYDNEY (Reuters) – Robust commodity prices have helped narrow Australia’s budget deficit for the last fiscal year by about A$50 billion ($34 billion), Treasurer Jim Chalmers said on Tuesday, highlighting that most…
Singapore financial regulator imposes $9 million fine on commodity trader Noble Group
(Reuters) – Commodity trader Noble Group Ltd will pay a S$12.6 million ($9.03 million) penalty for releasing ‘misleading’ information in its financial statements between 2012 and 2016, the Monetary Authority of Singapore…
Japan’s wholesale inflation moderates on easing global commodity pressure
By Leika Kihara TOKYO -Japanese wholesale prices rose 8.6% in July from a year earlier, data showed on Wednesday, slowing from the previous month’s pace in a sign inflationary pressure from higher…
Ford raises prices of electric F-150 pickup amid high commodity costs
(Reuters) – Ford Motor Co said on Tuesday it would raise the prices of its electric F-150 Lightning pickup as the U.S. carmaker deals with surging raw material costs. The automaker said…
More Japan firms to pass on costs of rising commodity prices, weak yen- Reuters poll
By Tetsushi Kajimoto TOKYO – Four out of five large Japanese firms are passing on higher commodity costs to customers or intend to do so, a Reuters poll found, a sharp rise…
Humble rice bran becomes hot commodity as India scours for edible oils
By Rajendra Jadhav MUMBAI – Rice bran has become a sought-after commodity in India as the world’s biggest importer of vegetable oils tries to overcome an edible oil shortage caused by global…
GM hikes Hummer EV price by over $6,000 as commodity, shipping costs rise
(Reuters) – General Motors Co on Friday raised the price of its Hummer EV pickup truck by $6,250 as it seeks to mitigate higher commodity and shipping costs amid high demand for…
Japan May import growth likely hit 6-month high on commodity rally, weak yen – Reuters poll
By Kantaro Komiya TOKYO – Japanese imports likely jumped in May at the fastest pace in six months, buoyed by surging raw material prices and the yen’s decline to two-decade lows, a…
China’s thermal coal futures mute as Beijing reins in commodity inflation
BEIJING – Trade in China’s thermal coal futures has almost come to a halt, after Beijing stepped up its control of coal prices to rein in the soaring costs of energy and…
Chile’s parched mines race for an increasingly scarce commodity: water
By Fabian Cambero SANTIAGO – A record-breaking drought in Chile is impacting mining operations and forcing companies to escalate their search for more sources of water, from water treatment and pricey desalination…
U.S. banks’ commodity trading exposures rise on Russia conflict
By Matt Scuffham NEW YORK – Wall Street banks’ commodities trading exposures are rising, which could leave them vulnerable to large swings in asset values following Russia’s invasion of Ukraine, first quarter…
High commodity prices, comparative calm keeping investors interested in Latam M&A
By Tatiana Bautzer SAO PAULO – Latin American bankers expect investors to overlook political worries in the region this year and keep investing in local companies, buoyed by strong commodities prices and…
Trafigura seeks funding as commodity surge triggers margin calls – Bloomberg News
– Global commodities trader Trafigura Group has been holding talks with private equity groups to secure additional financing as soaring prices trigger margin calls across the commodities industry, Bloomberg News reported on…
Goldman Sachs cuts U.S. growth forecast as commodity prices bite
SINGAPORE – Goldman Sachs analysts downgraded their forecasts for U.S. economic growth for this year, reckoning that spikes in oil and other commodities since Russia’s invasion of Ukraine will hurt spending. The…
Putin Takes Aim At Key Commodity, Raw Material Exports On The Heels Of Biden’s Russian Oil Ban
Putin Takes Aim At Key Commodity, Raw Material Exports On The Heels Of Biden’s Russian Oil Ban Sebastian Hughes on March 8, 2022 Russian President Vladimir Putin will ban certain commodity and…
China’s Dalian commodity exchange raises intraday transaction fees for some futures contracts
BEIJING – China’s Dalian Commodity Exchange said on Friday that it would raise intraday transaction fees for some contracts of soybean, soyoil, palm oil, coking coal and coke futures, according to a…
Japan’s inflation driven by energy, commodity costs, says PM Kishida
TOKYO – Japanese Prime Minister Fumio Kishida said on Tuesday recent price rises in the country were driven largely by rising energy and global commodity costs. “It’s desirable to create an environment…
Breaking News
