Commodities News (3rd Party)

Inspection battle threatens Egypt`s wheat supply

Inspection battle threatens Egypt`s wheat supply

Published 17/10/2017

Wheat shipments to Egypt, the world's largest buyer, are being disrupted by a dispute involving government inspectors angered by a ban on the expenses-paid foreign trips they once enjoyed to approve cargoes at their ports of origin. [more…]

South Africa`s Zuma appoints new energy minister in cabinet reshuffle

South Africa`s Zuma appoints new energy minister in cabinet reshuffle

Published 17/10/2017

South African President Jacob Zuma has appointed minister of state security David Mahlobo as energy minister in a cabinet reshuffle, the presidency said on Tuesday. [more…]

Global stocks stay buoyant as dollar, bond yields rise

Global stocks stay buoyant as dollar, bond yields rise

Published 17/10/2017

World equity markets held close to all-time highs on Tuesday, as investors latched on to rising bets on higher borrowing costs in the U.S. and Britain. [more…]

Oil holds gains as Iraq, U.S.-Iran tension raises risks

Oil holds gains as Iraq, U.S.-Iran tension raises risks

Published 17/10/2017

Oil prices crept higher on Tuesday, holding on to gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while political tension rose between the United States and Iran. [more…]

Habitual cheat: Kobe Steel faked product data for more than 10 years – source

Habitual cheat: Kobe Steel faked product data for more than 10 years – source

Published 17/10/2017

When cheating becomes habitual, the consequences could be costly. [more…]

Kobe Steel`s cheating engulfs more divisions- shares resume slide

Kobe Steel`s cheating engulfs more divisions- shares resume slide

Published 13/10/2017

Crisis-hit Kobe Steel Ltd (5406.T) said on Friday its steel division has also falsely labeled products, the latest in a string of revelations confirming widespread cheating at the firm that has engulfed its global customers. [more…]

Oil rallies on Chinese import boost and Mideast tensions

Oil rallies on Chinese import boost and Mideast tensions

Published 13/10/2017

Oil prices firmed on Friday as strong Chinese oil import data and turmoil in the Middle East boosted bulls in a market that has already shown signs of rebalancing after years of excess. [more…]

Dollar stays low as stocks cheer latest record streak

Dollar stays low as stocks cheer latest record streak

Published 13/10/2017

World stocks rose for a fourth straight day on Friday on expectations of broad-based global growth, while the dollar headed for its worst week in five as investors awaited U.S. inflation data. [more…]

Oil up on lower U.S. rig count, expectation of ongoing Saudi output restraint

Oil up on lower U.S. rig count, expectation of ongoing Saudi output restraint

Published 09/10/2017

Oil prices edged up on Monday, after a 2 percent slide on Friday, as the number of rigs drilling for new oil in the United States dipped and on expectations that Saudi Arabia would continue to restrain its output to support the market. [more…]

China shares hit 21-month high- Turkish lira takes a dive

China shares hit 21-month high- Turkish lira takes a dive

Published 09/10/2017

Chinese shares climbed on Monday after a week-long break as a disappointing survey on the country's service sector did little to dent optimism on global growth, while political uncertainty caused turbulence for the Turkish and British currencies. [more…]