Claire Jones Risk Magazine-Banking
ECB denies claims stress test scenarios were not severe enough
http://bit.ly/cRVHIZ
Saturday, July 24, 2010
HSBC enters energy derivatives market-Risk.Net
Author Katie Holliday
HSBC and Total Oil Trading expect to offer their first products in a few months' time
http://bit.ly/b7o95l
HSBC and Total Oil Trading expect to offer their first products in a few months' time
http://bit.ly/b7o95l
Wuhan Iron & Steel snaps up Venezuelan ore
"Wuhan Iron & Steel Group, China's third-biggest steelmaker, will buy iron ore from Venezuela at a long-term contract price this year, paving the way for a "China Price" separate from what the big three global miners are charging."-China Mining .Org
http://bit.ly/dj3CKj
http://bit.ly/dj3CKj
Friday, July 23, 2010
Questions & Answers 2010 EU-wide stress testing exercise
"Q1: What does it mean to stress test a bank?..."
Europa Press Release Reference: MEMO/10/355 Date: 23/07/2010
http://bit.ly/aMJylm
Europa Press Release Reference: MEMO/10/355 Date: 23/07/2010
http://bit.ly/aMJylm
Financial Amplification of Foreign Exchange Risk Premia
Tobias Adrian, Erkko Etula, and Jan J.J. Groen Federal Reserve Bank of New York
http://bit.ly/aL0ubH
http://bit.ly/aL0ubH
Contango and the real cost of carry
By John Kemp, Reuters market analyst-Commodities Now
"For the last two years, the contango structure embedded in futures prices has far exceeded the actual cost of owning physical raw materials such as crude oil, aluminium and copper, explaining the strong interest from traders and hedge funds in owning inventories or the warehouses, elevators and tank farms that store them."
http://bit.ly/cLhjXT
"For the last two years, the contango structure embedded in futures prices has far exceeded the actual cost of owning physical raw materials such as crude oil, aluminium and copper, explaining the strong interest from traders and hedge funds in owning inventories or the warehouses, elevators and tank farms that store them."
http://bit.ly/cLhjXT
A wonderful collection of thought
Reserve Bank of Australia 50th Anniversary Symposium
9 February 2010
"2010 marks the 50th Anniversary of the Reserve Bank of Australia. As part of our celebrations, a high-level Symposium was held in Sydney on Tuesday, 9 February 2010."
http://bit.ly/dh2wf7
9 February 2010
"2010 marks the 50th Anniversary of the Reserve Bank of Australia. As part of our celebrations, a high-level Symposium was held in Sydney on Tuesday, 9 February 2010."
http://bit.ly/dh2wf7
Auto makers,banks,Russia
July 22, 2010
Captivating Borrowers
By Tai Adelaja
Russia Profile
"As Russia Recovers from the Global Financial Downturn, Foreign Auto Loan Banks Lure in General Bank Customers With Lower Interest Rates "-more
http://bit.ly/daofVv
Captivating Borrowers
By Tai Adelaja
Russia Profile
"As Russia Recovers from the Global Financial Downturn, Foreign Auto Loan Banks Lure in General Bank Customers With Lower Interest Rates "-more
http://bit.ly/daofVv
Thursday, July 22, 2010
Natural Gas Prices Up At All Locations-The Pork Network
"Natural gas prices increased across all market locations, as high temperatures continued to envelop most of the lower 48 States. Price increases likely resulted from warmer-than-normal weather across most of the country. While temperatures were warmer than normal in most of the lower 48 States, the southeast was especially hot, with temperatures averaging above 80 degrees through most of the region. On Wednesday, July 21, the natural gas spot price at the Henry Hub averaged $4.70 per MMBtu. Natural gas consumption for power generation increased 10 percent on the week and 24 percent compared with year-ago levels, according to estimates from BENTEK Energy Services, LLC. Prices generally remained highest in the northeastern United States, where average temperatures were in the 70s and 80s. The price yesterday for delivery into New York City, at Zone 6 off Transcontinental Gas Pipeline was $5.21 per MMBtu, an increase of 29 cents or 6 percent on the week".-more http://bit.ly/aRMNA7
Eastern Quebec oil discovery to be developed
Haldimand, a shallow discovery judged to have at least 7.7 million bbl of recoverable 53° gravity oil on Quebec’s eastern Gaspe Peninsula, is to be developed.
http://bit.ly/9hGMZm
http://bit.ly/9hGMZm
The Seeds of a Crisis:
A Theory of Bank Liquidity and Risk‐taking over the Business Cycle by Viral Acharya and Hassan Naqvi
Discussant:
Charles Leung,
City Univ. of Hong Kong
http://bit.ly/cjcDOQ
Discussant:
Charles Leung,
City Univ. of Hong Kong
http://bit.ly/cjcDOQ
Large cocoa purchase to have negligible impact on choc industry, ICCO
Confectionery news .com
"The reported purchase of 240,100 tonnes of cocoa on the London futures market by a sole trader will not impact hugely on supply to industry, as cocoa processors have already shored up bean stocks for the next four months, claims the International Cocoa Organisation (ICCO)."
http://bit.ly/bajLyv
"The reported purchase of 240,100 tonnes of cocoa on the London futures market by a sole trader will not impact hugely on supply to industry, as cocoa processors have already shored up bean stocks for the next four months, claims the International Cocoa Organisation (ICCO)."
http://bit.ly/bajLyv
Aluminium U.S. Canada from Steel Guru
"Aluminum shipment growth rate accelerates in US and Canada
US service center aluminum shipments jumped 37.7% above those of June 2009 to 123,500 tonnes, bringing 2010 H1 shipments to 615,800 tonnes, 17.4% more than last year. Month end aluminum inventories of 311,000 tonnes were 15.3% greater than a year ago and at current shipping rates, equal to 2.5 month supply.
In Canada, metals service centers shipped 12,600 tonnes of aluminum products, a rise of 12.2% from the same month last year. H1 aluminum shipments of 68,600 tonnes are 5.3% above those of the 2009 half. Inventories at the end of June totaled 30,600 tonnes, 3.3% below year ago inventories and equal to 2.4 month supply at current shipping rates.
The Metals Activity Report, based on data from metals service centers in the United States and Canada is produced by the Metals Service Center Institute and a third-party econometrics and strategy firm, McCoy, Scott & Company."
Platts: U.S. Distillate Output Jumps to 18-Month High Oil&Gas Eurasia
"U.S. stocks of middle distillates climbed 3.935 million barrels for the week ending July 16 as refiners pushed output to an 18-month high while demand tapered off, an analysis of oil data from the U.S. Energy Information Administration (EIA) showed Wednesday. This analysis and commentary is provided by Linda Rafield, Platts senior oil analyst and editor of the weekly Platts Futures and Derivatives Review, a supplement to Platts Oilgram Price Report."
http://bit.ly/bOdUKq
http://bit.ly/bOdUKq
Has Liffe already intervened in cocoa market? Commodities Now
" NYSE Liffe may have already intervened, at least informally, in the cocoa market this month to ensure smooth expiry of the July 2010 contract, if recent trading activity and price movements are anything to go by."
http://bit.ly/bb7MVI
http://bit.ly/bb7MVI
Cocoa rumpus raises chance of commodities crackdown Commodities Now
"Accusations of excessive speculation in London's cocoa market have come at the worst possible time for theNYSE Liffe exchange, and could lead to the introduction of tougher rules, lawyers and analysts said. London's commodity markets are under pressure to tighten regulation as the United States pushes forward with plans to tame speculative activity that was blamed by some for pushing food and energy prices to record highs in 2008"
http://bit.ly/9xazue
http://bit.ly/9xazue
Montreal lockout disrupts Canadian shipments
"Negotiations to end a four-day lockout at Canada’s Port of Montreal start today, under the supervision of government-appointed mediators."
Port Strategy
http://bit.ly/csRyw4
Port Strategy
http://bit.ly/csRyw4
DJ Liffe Says, “No Evidence Of Abuse In July Cocoa Contract.”
Eberling Heffernan
Live Trading News
"The July contract tapped 33 yr highs
NYSE Euronext’s (NYX) NYSE Liffe said it saw no abusive behavior in the July cocoa futures contract that expired last Friday and resulted in a massive draw down of nearly all of Liffe’s cocoa stocks."
http://bit.ly/cWK8zF
Live Trading News
"The July contract tapped 33 yr highs
NYSE Euronext’s (NYX) NYSE Liffe said it saw no abusive behavior in the July cocoa futures contract that expired last Friday and resulted in a massive draw down of nearly all of Liffe’s cocoa stocks."
http://bit.ly/cWK8zF
Legal experts identify end-user issues under new US act
Risk.Net
Pauline McCallion
As US regulators embark on redefining over-the-counter derivatives trading, energy end-users need to be aware of how they will be categorised and the potential impact on trading costs.
http://bit.ly/dB6KlL
Pauline McCallion
As US regulators embark on redefining over-the-counter derivatives trading, energy end-users need to be aware of how they will be categorised and the potential impact on trading costs.
http://bit.ly/dB6KlL
The Information Value of the Stress Test and Bank Opacity
Federal Reserve Bank of New York
Authors: Donald P. Morgan ,Stavros Peristiani,Vanessa Savino
http://bit.ly/cAghs8
Authors: Donald P. Morgan ,Stavros Peristiani,Vanessa Savino
http://bit.ly/cAghs8
Delek: No Plans to Acquire Montreal Refinery
by DownstreamToday Staff
July 20, 2010
"Delek US Holdings, Inc. announced Tuesday that it is no longer exploring the possible purchase of Shell Canada's Montreal Refinery"
http://bit.ly/askGIN
July 20, 2010
"Delek US Holdings, Inc. announced Tuesday that it is no longer exploring the possible purchase of Shell Canada's Montreal Refinery"
http://bit.ly/askGIN
Wednesday, July 21, 2010
Lending Coal a Hand-Commodities Now
Houston, 21 July 2010
"When the World Bank approved a $3.75 billion loan to build a highly efficient coal plant in South Africa, it provoked outrage among many in the developed world who responded that those resources should go to cleaner energy forms. Supporters have said, however, that the facility is needed to bring electric power to the underserved"
http://bit.ly/boARHI
http://bit.ly/boARHI
The international financial crisis and policy challenges in Asia and the Pacific
BIS for more Bank for International Settlements scroll down
BIS Papers No 52
July 2010
This volume is a collection of the speeches, presentations and papers from a conference on "The international financial crisis and policy challenges in Asia and the Pacific".
http://bit.ly/dhU25k
BIS Papers No 52
July 2010
This volume is a collection of the speeches, presentations and papers from a conference on "The international financial crisis and policy challenges in Asia and the Pacific".
http://bit.ly/dhU25k
BP’s oil spill to tighten global oil supply - report
Energy Risk Lianna Brinded
BP’s Gulf of Mexico oil spill will tighten global oil supply as US oil production is set to wane, following expectations the disaster will lead to stricter regulation and closer scrutiny of drilling operations in the US, say Barclays Capital
http://bit.ly/cIczSl
BP’s Gulf of Mexico oil spill will tighten global oil supply as US oil production is set to wane, following expectations the disaster will lead to stricter regulation and closer scrutiny of drilling operations in the US, say Barclays Capital
http://bit.ly/cIczSl
DP World to share box information-Port Strategy
DP World’s terminal operations are to start sending data on containers to an external IT platform called SICIS (Shared Intermodal Container Information System), following successful pilot demonstrations.
http://bit.ly/cXMTpZ
http://bit.ly/cXMTpZ
31% of oil and gas firms lack ETRM solutions
RISK.Net-Lianna Binded
Nearly one third of all oil and gas companies are more susceptible to systemic risk, as a report reveals 31% of these firms lack an energy trading and risk management (ETRM) solution for their operations
http://bit.ly/c6k9EE
Nearly one third of all oil and gas companies are more susceptible to systemic risk, as a report reveals 31% of these firms lack an energy trading and risk management (ETRM) solution for their operations
http://bit.ly/c6k9EE
Kazakhstan Ready To Support Nabucco With Gas OIL & GAS EURASIA
Kazakhstan President Nursultan Nazarbayev knows a thing or two about changing things to his country's advantage. The latest evidence of this came last Sunday when he told German Chancellor Angela Merkel Kazakhstan was ready to supply its gas to Germany through the Nabbucco pipeline. Experts believe Kazakhstan could redirect some of its Caspian gas away from Russia to other destinations, including those not in the West.
http://bit.ly/bCjyy6
http://bit.ly/bCjyy6
Bank of England Minutes
Bank of England Minutes from July available at feed scroll down other BofE postings also.
Outstanding article
Chinese buyers learn to dig, scoop global mining assets
"......That is bringing more would-be Chinese dealmakers to Toronto and Vancouver, where much of the world's capital-raising for mining exploration takes place."
Phred Dvorak From: The Wall Street Journal
http://bit.ly/ajgUiO
"......That is bringing more would-be Chinese dealmakers to Toronto and Vancouver, where much of the world's capital-raising for mining exploration takes place."
Phred Dvorak From: The Wall Street Journal
http://bit.ly/ajgUiO
Amazing vessel
"Qatargas' state-of-the art Q-Max LNG carriers are capable of delivering 266,000 cubic meters of LNG during a single voyage. They are the biggest LNG carriers in the world. The company's fleet of Q-Flex and Q-Max carriers represents a step-change in LNG shipping technology. Not only are they 50 to 80 percent larger than conventional LNG carriers, they also contain an on-board reliquefaction system. In addition to this, key environmental objectives have been taken into consideration in the build. With approximately 40 percent lower carbon emissions than conventional carriers, they offer a safe, efficient and reliable means of delivering LNG around the world"
Qatargas Delivers First Q-Max Cargo to Japan by Qatargas Operating Co. Ltd.
Downstream Today
http://bit.ly/cblXRL
Qatargas Delivers First Q-Max Cargo to Japan by Qatargas Operating Co. Ltd.
Downstream Today
http://bit.ly/cblXRL
Saudi's Tuwairqi Steel to start production by Q4
While some countries become self absorbed some countries are getting to work.
"Saudi owned Tuwairqi Steel Mills Limited (TSML) aims to start production by the beginning of the fourth quarter and grow to eventually become Pakistan's largest steel producer, a TSML executive said on Tuesday."by Amena Bakr on Wednesday, 21 July 2010 Arabian Business
http://bit.ly/bAe0Az
"Saudi owned Tuwairqi Steel Mills Limited (TSML) aims to start production by the beginning of the fourth quarter and grow to eventually become Pakistan's largest steel producer, a TSML executive said on Tuesday."by Amena Bakr on Wednesday, 21 July 2010 Arabian Business
http://bit.ly/bAe0Az
UAE's RAKIA plans IPO of Georgia port in 2011
The UAE emirate of Ras Al Khaimah's sovereign wealth fund plans an initial public offering for its port of Poti project in Georgia for 2011, its chief executive officer said on Tuesday.-by Erika Solomon Arabian Buisness .com see feeds below
http://bit.ly/bo3ACD
http://bit.ly/bo3ACD
Medvedev, Halonen to talk economy, energy, adoptions
Russian President Dmitry Medvedev will hold talks with his Finnish counterpart Tarja Halonen on Wednesday. RIANOVOSTI
http://bit.ly/9YOAda
http://bit.ly/9YOAda
Apache snags BP assets in US, Canada, Egypt for $7 billion
Jul 20, 2010
Eric Watkins
OGJ Oil Diplomacy Editor
BP PLC said it has entered into several agreements to sell Apache Corp. some of its upstream assets valued at $7 billion. Among the assets are BP’s Permian basin assets in Texas and New Mexico; its western Canadian upstream gas assets; and the Western Desert business concessions and East Badr El-din exploration concession in Egypt.
http://bit.ly/cFzU4b
Eric Watkins
OGJ Oil Diplomacy Editor
BP PLC said it has entered into several agreements to sell Apache Corp. some of its upstream assets valued at $7 billion. Among the assets are BP’s Permian basin assets in Texas and New Mexico; its western Canadian upstream gas assets; and the Western Desert business concessions and East Badr El-din exploration concession in Egypt.
http://bit.ly/cFzU4b
Tuesday, July 20, 2010
Shopping Tip
Before making an impulse buy, people should visualize how the item will display at a garage sale.
Aon Benfield launches first pan-Asian typhoon model for cat risk
http://bit.ly/b6QwaZ
Two companies offer new insurance products covering typhoon catastrophe risk in Asia
Two companies offer new insurance products covering typhoon catastrophe risk in Asia
A CAUTIOUS NOTE ON THE DESIGN OF VOLATILITY DERIVATIVES
Abstract
This cautious note aims to point at the potential risks for the financial system caused by various increasingly popular volatility derivatives including variance swaps on futures of equity indices. It investigates the pricing of variance swaps under the 3/2 volatility model. Carr with Itkin and Sun have discussed the pricing of variance swaps under this type of model. This paper studies a special case of this model and observes an explosion of prices for squared volatility and variance swaps. It argues that such a price explosion may have deeper economic reasons, which should be taken into account when designing volatility derivatives. http://bit.ly/cLJ9DB
China vents ire over IEA claim
http://bit.ly/bQOGua
China today disputed that it passed the US last year to become the world's largest energy user, and defended its efforts in boosting cleaner energy sources.
China today disputed that it passed the US last year to become the world's largest energy user, and defended its efforts in boosting cleaner energy sources.
China unveils major oil and gas plan
China’s seemingly insatiable appetite for energy production and consumption reaches new levels as the country unveils plans to increase oil and gas production by a third by 2020
Author: Lianna Brinded
Source: Energy Risk
20 Jul 2010
http://bit.ly/9yJNp1
Author: Lianna Brinded
Source: Energy Risk
20 Jul 2010
http://bit.ly/9yJNp1
Box flow study for Sydney
20 Jul 2010
Sydney Ports Corporation is commissioning a study to find out the origin and destination of the container flows coming into and out of the port.-Port Strategy http://bit.ly/9FWJn5
Sydney Ports Corporation is commissioning a study to find out the origin and destination of the container flows coming into and out of the port.-Port Strategy http://bit.ly/9FWJn5
Climate Change Risk Management: Legal Liabilities
by Kai Alderson, Fasken Martineau, & Stephen Higgs Perkins CoieJuly 19, 2010-Downstream Today http://bit.ly/a22DeS
India not worried about hefty current account deficit
http://bit.ly/9yYsHK
Tuesday, July 20, 2010
NEW DELHI: India’s $13 billion current account deficit is manageable and will be covered by capital inflows, Trade Secretary Rahul Khullar said on Monday, playing down concerns about the worst shortfall in nearly 3 decades.
NEW DELHI: India’s $13 billion current account deficit is manageable and will be covered by capital inflows, Trade Secretary Rahul Khullar said on Monday, playing down concerns about the worst shortfall in nearly 3 decades.
Cotton spot rate falls
http://bit.ly/9ujhrX KARACHI: Spot rate of average-quality lint fell for the fourth consecutive day on Monday as speculation about the extension of duty on yarn exports stoked panic among ginners and growers, dealers said-The International News
Monday, July 19, 2010
CBOE to launch tail event index
http://bit.ly/9CCUrw
The Chicago Board of Options Exchange (CBOE) will launch a new index designed to allow investors to take positions on market expectations of extreme losses.
The Chicago Board of Options Exchange (CBOE) will launch a new index designed to allow investors to take positions on market expectations of extreme losses.
Bank of England
Working Paper No. 394
How do individual UK producer prices behave?
Philip Bunn(1) and Colin Ellis(2)
Abstract
This paper examines the behaviour of individual producer prices in the United Kingdom, and uncovers a
number of stylised facts about pricing behaviour. First, on average 26% of producer prices change each
month, although there is considerable heterogeneity between sectors and price changes occur less
frequently when measured by the average for individual products. Second, the probability of price
changes is not constant over time: prices are most likely to change one, four and twelve months after
they were previously set. Third, the distribution of price changes is wide, although a significant number
of changes are relatively small and close to zero. Fourth, prices that change more frequently tend to do
so by less. And fifth, price changes are much less persistent at the disaggregated level than aggregate
inflation data imply. We find that conventional pricing theories struggle to match these results,
particularly the marked heterogeneity.
For complete paper&more Bank of England publications scroll down to feed
How do individual UK producer prices behave?
Philip Bunn(1) and Colin Ellis(2)
Abstract
This paper examines the behaviour of individual producer prices in the United Kingdom, and uncovers a
number of stylised facts about pricing behaviour. First, on average 26% of producer prices change each
month, although there is considerable heterogeneity between sectors and price changes occur less
frequently when measured by the average for individual products. Second, the probability of price
changes is not constant over time: prices are most likely to change one, four and twelve months after
they were previously set. Third, the distribution of price changes is wide, although a significant number
of changes are relatively small and close to zero. Fourth, prices that change more frequently tend to do
so by less. And fifth, price changes are much less persistent at the disaggregated level than aggregate
inflation data imply. We find that conventional pricing theories struggle to match these results,
particularly the marked heterogeneity.
For complete paper&more Bank of England publications scroll down to feed
Drilling ban may help oil sands
"The future of oil sands is here: they are cost effective, and their face is green."
Oil&Gas Journal-Sam Fletcher
http://bit.ly/9K8t6a
Oil&Gas Journal-Sam Fletcher
http://bit.ly/9K8t6a
Cocoa bean grind up in US and Europe
"Cocoa grinding data is an indicator of demand from industry, with the product being used by manufacturers to create as cocoa ‘semi-finished’ products: Cocoa butter, cocoa powder and cocoa liquor." Confectionery News By Jane Byrne , 16-Jul-2010
http://bit.ly/aZF1sq
http://bit.ly/aZF1sq
FOMC faces tricky task in avoiding another bubble
FOMC faces tricky task in avoiding another bubble
Author: Central Banking Newsdesk
Source: Risk magazine
19 Jul 2010
http://bit.ly/aIzsiZ
Author: Central Banking Newsdesk
Source: Risk magazine
19 Jul 2010
http://bit.ly/aIzsiZ
Cocoa king Anthony Ward is hungry for African food production
Anthony "Chocfinger" Ward, the commodities trader whose group Armajaro Holdings has just cornered the cocoa market, is planning his next move into food.-Tele.http://bit.ly/ag cKo8
Sensex opens lower by 100 points on profit booking
"The Bombay Stock Exchange benchmark Sensex today opened nearly 100 points lower on selling by funds and retail investors amid weak Asian markets." The Hindu more from The Hindu scroll down
http://bit.ly/b9zrUm
http://bit.ly/b9zrUm
ARE YOU WATCHING THE VIX?
1.VIX: 26.25; +1.11
2. VXN: 26.87; +0.3
3. VXO: 26.49; +1.65
4. Put/Call Ratio (CBOE): 1.1; +0.22
Monday Market Monitor - Iron Ore - WEEK 28 - On down path
The Indian iron ore spot prices continued on downhill track last week absolutely in tandem with the steel market movements in China, where steel mills have taken a rearguard action to curtail production and costs to survive the ordeal. -Steel Guru
http://bit.ly/dl5xrP
http://bit.ly/dl5xrP
Container traffic picking up at Montreal
http://bit.ly/dmqPNP
"Container traffic is back to 2007 levels and not so far short of the 2008 record, so the Montreal Port Authority (MPA) is confident it will deliver a sound operating profit in 2010, the Montreal Gazette reported."--Cargo News Asia
"Container traffic is back to 2007 levels and not so far short of the 2008 record, so the Montreal Port Authority (MPA) is confident it will deliver a sound operating profit in 2010, the Montreal Gazette reported."--Cargo News Asia
'EU not doing enough on Nabucco'
"In Europe there is a lot of talk on Nabucco ... but in reality little gets done," Nazarbayev said at a joint news briefing with German Chancellor Angela Merkel in the Kazakh capital, adding that his comments were not criticism
The pipeline thing is huge. More from Upstream
http://bit.ly/aL62OO
The pipeline thing is huge. More from Upstream
http://bit.ly/aL62OO
Azerbaijan’s natural gas reserves will be sufficient for 100 years - Minister of Industry and Energy
The riches of the Earth keep flowing. Who would have thought there was this much gas available. Look at the lives commodities like natural gas change.
http://bit.ly/cOaR63
http://bit.ly/cOaR63
Stuff that makes commoditiy markets so interesting
http://bit.ly/9iXlyv
Bulgaria Signs South Stream Road Map
Nabucco/South Stream is just so interesting how it's playing out. Gas, Russia, Europe,pipelines and it's all real not a screen writer in sight.
Commodities are the world.
Next story, again from Moscow Times
Gazprom Denies RWE South Stream Invite
http://bit.ly/aKiBlx
Bulgaria Signs South Stream Road Map
Nabucco/South Stream is just so interesting how it's playing out. Gas, Russia, Europe,pipelines and it's all real not a screen writer in sight.
Commodities are the world.
Next story, again from Moscow Times
Gazprom Denies RWE South Stream Invite
http://bit.ly/aKiBlx
Sunday, July 18, 2010
Growing an account
British financier Anthony Ward behind £658m cocoa trade
"The businessman began his career as a motorcycle dispatch rider before becoming a commodities trader specialising in cocoa and coffee."- From U.K. Telegraph
http://bit.ly/a180Jj
"The businessman began his career as a motorcycle dispatch rider before becoming a commodities trader specialising in cocoa and coffee."- From U.K. Telegraph
http://bit.ly/a180Jj
Heat wave worry for crops in southern Russia -
http://bit.ly/csMQJU
The abnormal heat that has smothered Russia since mid-June is destroying crops in southern Russia, the Emergencies Ministry said on Sunday.
Grain trading opportunities-world markets. Start trading
The abnormal heat that has smothered Russia since mid-June is destroying crops in southern Russia, the Emergencies Ministry said on Sunday.
Grain trading opportunities-world markets. Start trading
TCP terminates sugar import contract of 100,000 tons
"KARACHI: The Trading Corporation of Pakistan (TCP) has cancelled its contract to a Chinese firm for the import of 100,000 tons of sugar because it failed to deliver the sweetener by the due-date."
http://bit.ly/cJhe3w
http://bit.ly/cJhe3w
US businesses see Doha trade deal momentum next year
Sunday, July 18, 2010
GENEVA: Trade is moving back up the US political agenda and there is scope to reach a deal next year in the long-running Doha round and other stalled trade negotiations, industry lobbyists said on Friday. http://bit.ly/cgqQOw
GENEVA: Trade is moving back up the US political agenda and there is scope to reach a deal next year in the long-running Doha round and other stalled trade negotiations, industry lobbyists said on Friday. http://bit.ly/cgqQOw
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