Latest News for: Swiss commodities

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Oil Prices Wobble On Federal Supply Data

Jacksonville Free Press 08 Apr 2021
The U.S ... EDT to $62.95 per barrel ... “I would call the report a mixed bag with a tilt to bearish, with overall inventories rising and implied oil demand coming in weaker than expected,” Giovanni Staunovo, a commodities analyst at Swiss investment bank UBS, told Zenger. U.S. federal data show commodity prices moving away from recent highs. (U.S ... .
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Anglo American to spin off South African coal assets

Mining Dot Com 08 Apr 2021
Anglo, BHP and Rio’s decision leaves miner and commodities trader Glencore (LON ... The Swiss firm does have an ambitious plan to reach net-zero emissions by 2050 through reducing its direct and indirect carbon footprint by 40% by 2035, compared to 2019 levels.
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Fears for thousands of British steel jobs as Sanjeev Gupta's Australian business crumbles

The Daily Mail 07 Apr 2021
Fresh fears have been raised about UK steel jobs after Sanjeev Gupta’s empire was thrown deeper into crisis. Two of the tycoon’s businesses in Australia face being shut down as pressure mounts on his GFG Alliance ... Jobs fears ... RELATED ARTICLES ... Share ... Last week, the Swiss investment bank filed papers to wind up a trading company, Liberty Commodities ... .
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Good things come to those who get up and get them

Jamaica Observer 04 Apr 2021
Consequently, he declared Ghana's cessation of its cocoa beans export to Switzerland — a commodity which the Swiss have used for decades to make expensive chocolates ... We continue to export our coffee beans, bauxite, and other raw materials at the mercy of world commodity pricing.
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Sanjeev Gupta gearing up for war over steel empire

This is Money 03 Apr 2021
Industrial tycoon Sanjeev Gupta has drafted in a 'barrage' of lawyers to defend his steel empire as a crisis at its biggest lender threatens to engulf him ... Credit Suisse, the Swiss bank that provided $10billion in funding to Greensill, has petitioned a winding-up order on GFG's commodities trading business ... 'We have our legal defences ready ... He added.
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Sanjeev Gupta gearing up for war over steel empire: Liberty Steel tycoon enlists a 'barrage ...

The Daily Mail 03 Apr 2021
Industrial tycoon Sanjeev Gupta has drafted in a 'barrage' of lawyers to defend his steel empire as a crisis at its biggest lender threatens to engulf him ... Credit Suisse, the Swiss bank that provided $10billion in funding to Greensill, has petitioned a winding-up order on GFG's commodities trading business ... 'We have our legal defences ready ... He added.
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Oil poised for gains as Opec+ decision proves price positive for markets

The National 02 Apr 2021
"We expect oil demand to recover this quarter, likely benefiting from a faster vaccine rollout and the removal of mobility restrictions," said Giovanni Staunovo, commodity strategist at UBS. The Swiss bank expects oil demand to rise close to pre-Covid levels of 99 ...
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Sanjeev Gupta’s group at risk from petition for winding-up of Liberty Commodities

The Times/The Sunday Times 01 Apr 2021
... a winding-up order of Liberty Commodities. Citigroup, acting on behalf of the Swiss bank, has applied to a UK court for the order, Bloomberg reported.Sponsored.
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Vale concludes sale of New Caledonia nickel plant

RNZ 01 Apr 2021
The Brazillian-owned mining company Vale has concluded the sale of its New Caledonia nickel plant ... Pro-independence groups in New Caledonia had been firmly opposed to the deal because of the involvement of a Swiss commodity trader Trafigura in the consortium ... .
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Swiss startup launches tokenized grain trading pilot

The Coin Telegraph 31 Mar 2021
Tokenization of real-world commodities could drastically reduce trading costs, says one Swiss startup as it pilots a new non-fungible token system ....
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U.S. Oil And Gas Data Negative For Oil Prices, But Suez Issues Steal The Show

Jacksonville Free Press 29 Mar 2021
Supply-side crude oil data provided by the U.S ... The U.S ... A build in inventory is typically indicative of lackluster demand. “The weekly EIA report was modestly negative, with oil inventories rising in all main categories,” Giovanni Staunovo, a commodities analyst at Swiss investment bank UBS, told Zenger News ... That said, U.S ... (NASA/Wikimedia Commons) ... .
photo: WN / Periasamy
Bangkok and New high-rise buildings.
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Stocks in Asia rally, biggest gains in Japan, Hong Kong and China

Beijing News 26 Mar 2021
Higher commodity prices boosted the Australian market. "Commodity producers in Australia get paid in U.S. dollars. We may be seeing a U.S ... The U.S ... The euro was weak at 1.1780 ... The Swiss franc eased to 0.9400. The Canadian, Australian, and New Zealand dollars - the commodity currencies - were little changed at 1.2573, 0.7619, and 0.6980 respectively ... ....
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Dan Gertler – the man at the centre of DR Congo corruption allegations

Joy Online 25 Mar 2021
Reprieve from Trump. Over two decades, Mr Gertler, still only 47, became one of DR Congo’s most powerful businessmen ... Often, he helped multinationals, like Swiss commodities trader Glencore and New York hedge fund company Och-Ziff Capital Management, invest in large mining projects, pocketing his own enormous profits along the way ... I said ... .
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Asian markets react negatively to new UK, Canada, EU, U.S., sanctions

Beijing News 23 Mar 2021
In Tokyo, the Nikkei 225 fell 178.23 points or 0.61 percent to 28,995.92 ... dollar was mixed in the Asian session, making significant gains against the commodity currencies and sterling, but falling against the euro, the yen, and the Swiss franc ... The Japanese yen edged up to 108.74, while the Swiss franc firmed to 0.9245 ... ....
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BTC is not Equivalent to Fiat Yet

Cryptopolitan 23 Mar 2021
... equivalent to it or surpass it, it is required by them to become as convenient and simple as the money, and their value should be either fixed or relative to the commodity gold or to a popular currency such as Swiss franc, which would allow them to also be utilized for contracts.

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