NEW YORK (Reuters) – Citadel’s commodities investments are up at least $1 billion for the year, according to three sources familiar with the matter, helping to drive strong overall performance at one of the world’s largest hedge funds. Citadel, which manages m... More »
LONDON (Reuters) – Investment banks are beefing up trading teams in markets such as gas, metals and carbon permits that are flourishing as businesses and economies become greener, according to recruitment consultants. The shift in staffing at the world’s bigge... More »
LAUNCESTON, Australia – If the sharp plunge in China’s exports in February shows anything, it’s that a gap is opening between what the country is shipping out and its still resilient imports of major commodities. Exports dropped 20.7 percent in February from t... More »
NEW YORK (Reuters) – Financial advisors and smaller retail investors, wary that inflation may be brewing again, ratcheted up their bets on funds in Morningstar’s Commodities Broad Basket fund category in January, the largest net inflow of cash since March 2011... More »
Chocfinger made his name and his money by taking bold bets on cocoa markets. But after nearly four decades of trading, sometimes winning, sometimes losing, Anthony Ward threw in the towel. More »
NEW YORK (Reuters) – Several key commodities traders are leaving Goldman Sachs Group Inc, sources said on Wednesday, the latest wrinkle as the Wall Street firm seeks to turn around its struggling commodities unit. Those leaving include Don Casturo, operating c... More »
FILE PHOTO: The U.S. Capitol is seen from behind trees after President Donald Trump and the U.S. Congress failed to reach a deal on funding for federal agencies in Washington, U.S., January 20, 2018. REUTERS/Joshua Roberts (Reuters) – Commodities markets shoul... More »
FILE PHOTO: An employee rides a bike on a road near refinery plants of Chambroad Petrochemicals, in Boxing, Shandong Province, China, May 10, 2016. REUTERS/Meng Meng/File Photo BEIJING (Reuters) – China’s commodity imports roared back in November as supply wor... More »
Australia's Macquarie Group Ltd has overtaken Goldman Sachs to break into the top three banks for commodities business, having significantly expanded its U.S. energy operations in recent years while rivals cut back. More »
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 t... More »
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 h... More »
NEW YORK Oil prices were either side of unchanged on Sunday in early trade as the impact from Turkey’s failed military coup was broadly expected to be limited on global markets. The most-active Brent futures for September delivery rose $0.02, or 0.04 percent, ... More »
SHANGHAI/SINGAPORE China’s mutual fund industry is pushing to develop investment products linked to local commodity futures, betting that plans to fight chronic oversupply in the country’s mammoth resource sector will drive up prices for raw materials. The fun... More »
