BlackRock-backed commodities exchange startup Abaxx raises cash
ABAXX Technologies, a financial technology startup founded by a former Goldman Sachs Group commodity strategist, is raising fresh equity as it prepares...
Funds trim positions in agri-commodities amid bearish outlook, uncertainty
FUNDS are trimming or adjusting their positions in publicly traded agri-commodities such as sugar, coffee and cocoa, in a mix of profit...
FBI agents deliver grand jury subpoenas as ADM criminal probe escalates: sources
FBI agents delivered grand jury subpoenas to current and former employees of grain trader Archer-Daniels-Midland this week, three sources with knowledge of...
When the fix for lower commodity prices isn’t low prices
EVERY student of the commodity market soon learns the industry’s main axiom: “Low prices cure low prices, and high prices cure high...
SGX securities turnover up 8% to five-month high in January
TOTAL securities market turnover value on the Singapore Exchange (SGX) increased 8 per cent month on month in January to S$20.6 billion...
Macquarie banker who earns more than Jamie Dimon steps down
MACQUARIE Group’s powerhouse commodities head Nick O’Kane, who famously earned more than Wall Street chiefs such as JPMorgan Chase & Co’s Jamie...
Gold takes pause in light trading; eyes on Fed in data-packed week
GOLD prices steadied in a tight range on Monday (Feb 12) in holiday-thinned trading, as investors awaited remarks from a slew of...
China is oversupplied with commodities as deflation persists
CHINA’S commodities markets are heading into the Chinese New Year break on a glum note, with deflation embedded on both the consumer...
Commodity sector braces itself for prolonged period of higher costs and volatility
HIGHER freight costs and longer voyage times on the back of trouble in the Red Sea are among the key challenges that...
Agri-commodities sector on edge as Red Sea troubles continue
ESCALATING tensions in the Red Sea could push up prices of agri commodities across the board and reintroduce volatility into a sector...