Commodities News (3rd Party)

Top banks` commodities revenue drops 7 percent in 2016: survey

Top banks` commodities revenue drops 7 percent in 2016: survey

Published 23/02/2017

The offices of international finance companies are seen in the financial district of Canary Wharf in London, Britain, January 26, 2017. REUTERS/Eddie Keogh

Commodities-related revenue at the 12 biggest investment banks fell by 7 percent last year, mainly due to weakness in the oil sector, a report by financial industry analytics firm Coalition said on Thursday.

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U.S. fund investors less skittish on international stocks

U.S. fund investors less skittish on international stocks

Published 22/02/2017

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 16, 2017. REUTERS/Brendan McDermid

Investors galloped into stocks for the third straight week, delivering U.S.-based funds invested in companies abroad the most cash since August 2015, Investment Company Institute data released on Wednesday show.

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Malawi`s president sacks agriculture minister in maize procurement probe

Malawi`s president sacks agriculture minister in maize procurement probe

Published 22/02/2017

Malawi's President Peter Mutharika has dismissed the agriculture minister after an investigation into claims that the country paid too much for a delivery of maize from Zambia.

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South Korea confirms H5N8 bird flu outbreak at duck farm

South Korea confirms H5N8 bird flu outbreak at duck farm

Published 22/02/2017

South Korea has confirmed an outbreak of the highly contagious H5N8 bird flu virus at a duck farm in a southwestern county, its first such incident in 15 days, the farm ministry said on Wednesday.

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Global stocks top 2016 gains, dollar up before Fed minutes

Global stocks top 2016 gains, dollar up before Fed minutes

Published 22/02/2017

A trader walks past the German DAX Index board on the trading floor at the Frankfurt stock exchange in Frankfurt, Germany, February 15, 2017. REUTERS/Ralph Orlowski

Global stocks hit record highs on Wednesday, pushing gains for the year above those for all of 2016, while the dollar rose before Federal Reserve minutes that will be scoured for clues on the timing of the next U.S. interest rate rise.

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Oil slips but close to multi-week highs

Oil slips but close to multi-week highs

Published 22/02/2017

A woman pumps gas at a station in Falls Church, Virginia December 16, 2014. REUTERS/Kevin Lamarque

Global oil prices slipped on Wednesday as the U.S. dollar [.DXY], in which payments for crude are made, rose but they traded broadly at multi-week highs after OPEC signaled optimism over its deal with other producers to curb output.

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Goldman says global crude stocks likely to keep falling

Goldman says global crude stocks likely to keep falling

Published 22/02/2017

An oil pump jack pumps oil in a field near Calgary, Alberta, July 21, 2014. REUTERS/Todd Korol

Goldman Sachs expects global crude oil inventories to keep falling due to production cuts and strong growth in demand, although stocks are likely to rise in the United States.

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Global stocks hit record highs, dollar rises on rate-hike view

Global stocks hit record highs, dollar rises on rate-hike view

Published 21/02/2017

A woman walks past the London Stock Exchange building in the City of London, Britain, January 16 , 2017. REUTERS/Toby Melville

Stock prices across the world climbed to record highs on Tuesday on news euro zone business activity accelerated to a six-year high, while the dollar gained after hawkish comments from Federal Reserve officials.

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Wall Street challenges U.S. regulator over proposed commodities rule

Wall Street challenges U.S. regulator over proposed commodities rule

Published 21/02/2017

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly

Wall Street is pushing back against a proposed rule to force U.S. banks like Goldman Sachs Group Inc to hold more capital against investments in commodities, placing what some see as an overly restrictive limit on banks' ties to the sector.

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Crude prices rise as investors bet big on oil strength

Crude prices rise as investors bet big on oil strength

Published 21/02/2017

Oil pump jacks are seen next to a strawberry field in Oxnard, California February 24, 2015. REUTERS/Lucy Nicholson

Crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year.

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