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Posts related to ‘commodities trading’

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Commodities Trading Needs to Shape Up

Posted: April 16, 2013 at 10:40 am

Over the past 10 years the world’s largest commodities trading houses have racked up nearly $250 billion in profit. That is more than the net profit of Goldman Sachs Group ...
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Commodity Alchemy: Turning Gold into Lead

Posted: March 11, 2013 at 1:08 pm

When the commodity traders at Goldman Sachs Group Inc. (NYSE: GS) say that commodities may be oversold right now they exclude gold from the rest of the asset class. In ...
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European Natural Gas Trading Gains Some Transparency

Posted: February 6, 2013 at 1:42 pm

In the wake of the rate-rigging scandal with Libor rates, the G20 group of nations has been trying to reform the way benchmark prices are set in the energy business. ...
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Update 2: Xstrata OKs Glencore Deal Minus Retention Package

Posted: November 20, 2012 at 10:38 am

As far as shareholders are concerned, the merger between Glencore International and Xstrata plc is now in the books. Xstrata shareholders approved the $31 billion merger agreement without the retention ...
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Glencore, Xstrata Deal Nearly Completed

Posted: November 20, 2012 at 7:23 am

Shareholders of Swiss-based Glencore International have voted overwhelming to support the company’s $67 billion merger with miner Xstrata. At a meeting this morning, more than 99% of Glencore’s shareholders voted ...
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Glencore Nabs Viterra for $6.2 Billion (VTRAF.PK, GLCNF.PK, AGU)

Posted: March 20, 2012 at 11:33 am

Canadian grain-handler Viterra Inc. (OTC: VTRAF.PK) has agreed to be acquired by Glencore International plc (OTC: GLCNF) for C$16.25/share, or a total of about C$6.1 billion ($6.2 billion). The all-cash ...
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Commodities Watch: Glencore Gets Taste of Public Scrutiny; Weather Pushing Corn, Wheat Prices

Posted: April 26, 2011 at 1:48 pm

Today's commodities news leads off with a revelation on how the world's largest commodity trader makes some of its profits and follows with a weather report that could push grain ...
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Morgan Stanley Earnings Stand Apart From Goldman Sachs (MS, GS, AMTD, SCHW, WFC)

Posted: January 20, 2011 at 10:35 am

Profits at Morgan Stanley (NYSE: MS) rose 88% in the fourth quarter compared with the same period a year ago. Competitor Goldman Sachs Group Inc. (NYSE: GS) reported yesterday that ...
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