Latest News for: Swiss commodities


Swiss commodity traders control 2.7 million hectares of land worldwide

Swissinfo 02 Dec 2021
Research by investigative non-profit Public Eye has revealed that trading companies with a Swiss presence – or their subsidiaries – own over 550 plantations covering over 2.7 million hectares.

Glencore’s activist is misguided but not unhelpful

Reuters 30 Nov 2021
With just 200 million euros under management, Bluebell is a diminutive David to the $63 billion Swiss commodity Goliath ... That’s largely down to soaring prices of its two main commodities – copper and coal.Register now for FREE unlimited access to

Markets begin to claw back Friday's losses as variant fears ease

The Keene Sentinel 29 Nov 2021
The benchmark 10-year Treasury yield jumped as much as 7 basis points to 1.54 percent ... U.S ... U.K ... Monday’s increase in yields also helped push the dollar higher against the yen, euro and Swiss franc. And oil’s rebound helped risk currencies strengthen, especially commodity-linked ones like the Mexican peso, South African rand and Australian dollar. .

Hinduja heir seeks to remake Swiss bank for T-shirt crowd

News India Times 28 Nov 2021
Karam Hinduja has rather un-Swiss ambitions for the Swiss private bank he took charge of last year ... Total assets under management rebounded to 2.43 billion Swiss francs as of the end of October ... Pfaeffli was hired in 2016 in the wake of a pair of bad investments in commodity trading that lost the bank a reported 25 million Swiss francs.

Europe’s Energy Crisis Is About to Get Worse as Winter Arrives

Time Magazine 28 Nov 2021
[time-brightcove not-tgx=”true”] ... 22 ... Rolling blackouts are a possibility, warned Jeremy Weir, chief executive officer of Trafigura Group, a Swiss commodity trading house on Nov. 16 ... “It shows how exposed Europe’s power system is to the volatility in commodity prices,” said Roenningen in Oslo ... .

USD/CAD - Canadian Dollar Plunges

MENA FN 26 Nov 2021
This year's version included panicked selling of commodity currencies and safe-haven demand for Japanese yen and Swiss francs.The currency selloff was sparked by reports of a nasty, highly transmittable COVID-19 variant from South Africa, blew up the Twitter-verse, and roiled ...

AUD/USD Forex Technical Analysis – In Position to Post New Low for the Year

FX Empire 26 Nov 2021
News of a coronavirus variant potentially resistant to current vaccines drove investors out of the commodity-linked Australian Dollar and into the safety of the U.S. Dollar, Japanese Yen and Swiss Franc. We don’t know much about the new variant, but the fear of the unknown is powerful when dealing with matters of risk ... Advertisement ... Sign Up ... See All.

Wave of fear hits markets worldwide, Sensex dives second time this week

Indian Express 26 Nov 2021
“All we know so far is the B.1.1.529 is heavily mutated but markets are taking no chances, equities are falling, haven currencies such as the US dollar, Japanese yen and Swiss franc are rallying, commodity currencies such as the CAD, AUD and NZD are being sold, US 10-year bond yields have moved sharply lower, and oil has slumped ... Tags. Sensex ... Nov 26.

Sure, make MSP law, but tie it to demand-supplyInterestingly, there are 21 other crops under ...

Deccan Herald 25 Nov 2021
But, of course, that will go against the interest of the 10,000-strong lobby of commodity traders who form a three-tier cartel led by Swiss commodity major Glencore importing pulses into India, as per a 2,000-page income tax report titled “Appraisal Report in the case of Pulse ...

Weekly Petroleum Data Paints Picture Of US Economic Health

The Birmingham Times 25 Nov 2021
The U.S ... Tamas Varga, an analyst at London oil broker PVM, said demand looked supportive despite the higher level of inflation and the uptick in commodity prices ... Elsewhere, Giovanni Staunovo, a commodities strategist for Swiss investment bank UBS, said there may be too many factors at play other than the Energy Information Administration report ... .

Glencore to halt zinc sulf ide production

The Manila Times 23 Nov 2021
ZURICH. Swiss commodities trading group Glencore said on Monday (Tuesday in Manila) it would suspend a zinc sulfide production line in Italy due to soaring energy prices ... .

AUD/USD May Rise After PMIs Reveal Robust Recovery as Vaccination Rates Swell

MENA FN 23 Nov 2021
Powell as chair of the Federal Reserve. Mr ... Instead, Ms ... Rate hike bets shifted higher on the news ... Outside the Greenback, the Aussie Dollar performed relatively well, gaining against the safe-haven Japanese Yen and Swiss Franc . Elsewhere, crude oil prices bounced from six-week lows after the commodity started to see some buying pressure overnight.

Oil Watchers Focus On Sentiment

The Birmingham Times 19 Nov 2021
By Daniel James Graeber. A weekly report on U.S ... The U.S ... For the week ending Nov ... (U.S. Energy Information Administration) ... From overseas, Giovanni Staunovo, a commodities strategist for Swiss investment bank UBS, said the market largely ignored anything in the federal energy report apart from the data on oil leaving the Strategic Petroleum Reserve ... .

Mining giant unveils what world would need to ‘go green’

Russia Today 17 Nov 2021
the world will need almost double the copper in the next 30 years than in the past 30,” Vandita Pant, BHP’s Chief Commercial Officer, said at the FT Commodities Asia Summit ... Earlier this week, Swiss-based commodity trading firm Trafigura warned of possible deficits for copper and nickel resulting from rapidly growing demand ... .

Shooting the messenger? Shipping carries the can as investors shun coal

Taipei Times 16 Nov 2021
Such carriers — titanic vessels stretching up to 270m long and able to carry hundreds of thousands of tonnes of cargo — are the cheapest way to transport coal and other commodities like iron ore and grain in large quantities ... Swiss Re told Reuters that from 2023 it would no longer ...