Latest News for: Swiss commodities


US is a past master at weaponizing food

China Daily 30 Jul 2022
The fact that Swiss commodity trading giant Glencore was recently fined $1.1 billion for years of illegal manipulation of the US crude oil benchmark agency shows that it is necessary to strengthen the supervision of these giant traders, so as to prevent them from manipulating the international food market.

Production of zinc, copper falls at Glencore in first half of 2022

Marietta Daily Journal 29 Jul 2022
London — The production of zinc and copper dropped at Anglo-Swiss commodity trading and mining company Glencore Plc in the first six months of the year compared to the same period of last year.Glencore Plc reported on Friday that its ... .

Asian stocks move sideways amidst U.S. dollar weakness

Beijing News 19 Jul 2022
SYDNEY, NSW, Australia - Stocks were somewhat directionless in Asia on Tuesday, although investors in Japan pushed the Nikkei 225 higher after returning from the long weekend ... In Tokyo, the Nikkei 225 advanced 173.21 points or 0.65 percent to 26,961.68 ... The U.S ... The Swiss franc rose to 0.9727. The commodity currencies forged ahead ... ....

Phillips 66 and H2 Energy Europe close on joint venture to create European network of ...

Maryville Daily Forum 19 Jul 2022
Swiss-headquartered H2 Energy Europe is a joint venture between commodity trading firm Trafigura Pte Ltd ... Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world.

Trading looted commodities could be war crime, says attorney general

Swissinfo 14 Jul 2022
Swiss Attorney General Stefan Blättler has warned Swiss commodity trading firms dealing in grain, coal and other commodities stolen from Ukraine that they could face prosecution.

Haydn Snape: The man behind the blockchain lens

Gulf News 13 Jul 2022
Haydn Snape, global managing partner and CEO of the Dubai-based Decentralised Investment Group (DIG), has a particular mission in mind ... DIG’s latest partnership is with Crypto Oasis, a Middle East-focused blockchain network based out of the Dubai Multi Commodities Centre (DMCC) inspired by the successful Swiss Crypto Valley environment ... .

Down nearly 4% in a week! Gold loses to US dollar in the fight for ...

The Economic Times 10 Jul 2022
... the pace of gains has increased lately, putting pressure on commodities at large.

Down nearly 4% in a week! Gold loses to US dollar in the fight for preferred safe-haven asset

The Times of India 08 Jul 2022
It was a dismal week for commodities as most of them recorded multi-month lows amid growth worries and firmness in the US dollar ... The US dollar index has been on the rise since the start of the year; however, the pace of gains has increased lately, putting pressure on commodities at large.

Northeast Minnesota’s fraught choice: Precious metals v. precious water

Hibbing Daily Tribune 07 Jul 2022
PolyMet is 72% owned by Glencore, a Swiss-based commodities trading and mining company that the Reuters news agency once described as the “biggest company you’ve never heard of.” It was founded by the late Marc Rich, a godfather of commodities trading who spent years on the FBI’s ...

Climate protesters glue themselves to 200-year-old masterpiece

The Morganton News Herald 05 Jul 2022
Holcim, a Swiss building material company established in 1912, first expanded to France ... Xstrata, a Swiss multinational company that was said to be the largest exporter of thermal coal, was fully taken over by Glencore, a British-Swiss commodity trading and mining company in 2013.

Dollar gains with yen, Aussie drops as investors fret over recession risks

Reuters 01 Jul 2022
Register ... read more ... recession ... The dollar and other haven currencies like the yen and Swiss franc would benefit at the expense of commodity currencies and sterling for the duration of a global downturn, they added ... But that has not helped Aussie much, which has instead tracked commodity prices lower as the global economic outlook deteriorates ... ....

Swiss set to step up scrutiny of commodities traders

FX Empire 30 Jun 2022
ZURICH (Reuters) – Switzerland is set to take a closer look at Swiss-based commodities traders to get more intelligence about a sector that has flourished in a country known for its light-touch approach to regulation ... Around 900 Swiss-based commodity traders employ more than ...

Switzerland, the world’s top commodity trading hub, debates its overall maritime carbon footprint

Splash24/7 30 Jun 2022
In the preliminary draft, it was still a prerequisite that at least 60% of the tonnage of ocean-going vessels must sail under the Swiss or EEA flag ... The study concluded that the overall environmental impacts of traded commodities are 19 times higher than the ones caused by total Swiss consumption.

Federal Council aims to improve statistics on Swiss commodity trading (EAER - Federal Department of Economic Affairs, Education and Research of the Swiss Confederation)

Public Technologies 29 Jun 2022
This means that currently only rough estimates can be made of the sector's contribution to the economy, and no specific information is available on the goods traded by Swiss commodity traders ... The aim is to establish a solid foundation of reliable data on Swiss commodity trading that can be compared over time.