Search Results for: commodity
Iran oil minister: Support any effort to stabilize market and prices
February 18th, 2016
Iran could support any effort to stabilize oil prices, including cooperation between OPEC and non-OPEC oil producers, the nation’s oil minister said after a meeting Wednesday, according to Reuters. Oil Minister Bijan Zanganeh said while he supports a production ...
Oil price rises ahead of OPEC talks with Iran
February 17th, 2016
Oil prices were higher on Wednesday morning as OPEC oil ministers traveled to Iran to talk about a possible production freeze between global oil producers. Skepticism has mounted over the possible freeze mooted Tuesday and Iran has already voiced ...
Asian shares consolidate, oil swings higher
February 17th, 2016
Asian shares were taking a breather on Wednesday after two sessions of solid gains, while oil prices swung higher as the market reconsidered the chances of a meaningful deal to restrict supply later in the year. The mood was ...
Brazil’s Independent Brokers Are Losing Money Like Crazy
February 16th, 2016
A year ago she was featured in the FORBES as a money manager to watch, but now Fernanda Lima’sbroker-dealer Gradual is in the red. Her firm, one of the largest and more successful independent brokerages, lost nearly $20 million in ...
Last Wave on Libor: CFTC Likely to Charge Multiple Banks for Rate Rigging
February 16th, 2016
Citigroup, HSBC are among firms targeted by regulators, according to people close to the probe American banks have so far escaped the billions of dollars in fines that have been levied by U.S. and British regulators leading a global ...
Oil prices turned lower as Iran loads shipment for Europe
February 15th, 2016
Oil prices turned lower again today after soaring at the end of last week as Iran prepared to ship its first consignment of the commodity since sanctions were lifted, reigniting worries over a global supply glut. Both main contracts ...
Gold outlook improves
February 12th, 2016
There is a conflation of three related events that materially alter the prospects in favour of a higher gold price. The change in the outlook for US interest rates has probably put an end to the dollar’s four-year bull ...
Asian markets: Japan’s Nikkei slides further amid concerns over European banking sector
February 12th, 2016
While China’s Shanghai Composite remained closed for the Lunar New Year holiday, the majority of stock indices across Asia including Japan’s Nikkei 225 were trading lower on 12 February. This followed a negative Wall Street and FTSE close overnight, ...
Goldman Sachs Abandons Five of Six ‘Top Trade’ Calls for 2016
February 11th, 2016
New York bank closes bet on dollar strength versus euro, yen Divergent-rates policy still favors greenback, Himmelberg says Goldman Sachs to clients: whoops. Just six weeks into 2016, the New York-based bank has abandoned five of six recommended top trades for the ...
Asia markets close mixed; Hong Kong shares tumble
February 11th, 2016
Asian markets closed mixed on Thursday as investors digested remarks from Federal Reserve Chair Janet Yellen and oil remained volatile. Hong Kong’s Hang Seng index, which resumed trading today after being shut from Monday through Wednesday for the Lunar New ...
