Copper Declines as China’s Imports Fall to 22-Month Low
Copper futures fell from a one-week high as imports dropped to the lowest in 22 months in China, the world’s biggest user of industrial metals, while speculation emerged that the Federal Reserve may scale back U....
22 May 2013
Citigroup Sees ‘Death Bells’ for Commodities Supercycle in 2013
The commodities supercycle is probably ending this year as China’s economic growth slows and the nation focuses less on infrastructure and urbanization, Citigroup Inc....
22 May 2013
Citi: 2013 Is ‘End Of The Commodities Supercycle’
(Kitco News) - A slower-growing Chinese economy, lack of correlation between equities and commodities, and a stronger U.S. dollar are marking the “end of the commodities supercycle,” said Citi in a research note on Tuesday....
22 May 2013
Former Deutsche Bank Commodities Head Silbert Starts New Company
Former Deutsche Bank AG executives led by commodities chief David Silbert are starting an energy and metals company backed by private-equity energy firm Riverstone Holdings LLC....
21 May 2013
HK SFC Press Release – SFAT Allows Review for ex-Deutsche Trader Over Trading of HSBC Shares
The Securities and Futures Appeals Tribunal (SFAT) allowed the application for review by Mr Christian Denk, a former trader of Deutsche Securities Asia Limited (DSAL), against the decision of the Securities and Futures Commission (SFC) to publicly reprimand him concerning the trading of HSBC Holding...
21 May 2013
Commodities Are A Sea Of Red Today As The Death Bells Of The Supercycle Ring
Commodities are getting hit hard today as the big unwind across the asset class continues. Below is a quick snapshot of the damage. WTI crude oil: -1....
21 May 2013
HK SFC statement on HKMEx – Suspected Criminal Irregularities
The Securities and Futures Commission (SFC) issues the following statement in relation to the withdrawal of the authorization of Hong Kong Mercantile Exchange Limited (HKMEx) as an automated trading services (ATS) provider (Note 1)....
21 May 2013
ICE Joins CME Warning of Splits in Global Derivatives Rules
Top executives of the two largest U.S. derivatives exchanges say regulators must take further steps to align Dodd-Frank Act rules with those of foreign counterparts to avoid oversight splits that could harm markets....
21 May 2013
8 Currencies That Could Tank As Commodities Collapse
A big story this year has been the decline in commodities. That's bad news for countries and currencies that are closely tied to commodities....
21 May 2013
Platinum Buying Quickens as Gold Allure Diminishes: Commodities
At a time when diminishing faith in gold is spurring investors to sell record amounts of the metal, demand for platinum and palladium is strengthening as mining companies curb supply....
21 May 2013
China Copper Imports Drop to 22-Month Low as Export Slump
Imports of refined copper by China, the biggest user, declined in April to the lowest level since June 2011, while exports fell for the first time in eight months....
21 May 2013
CFTC Said to Review 1 Million E-Mails in ISDAfix Investigation
Commodity Futures Trading Commission investigators are poring over one million e-mails and instant messages as part of their price-manipulation probe of a swaps benchmark that helps determine interest rates on everything from annuities to bonds linked to skyscrapers....
20 May 2013
Japan Copper-Cable Shipments Drop for Fifth Month on Demand
Japan’s copper wire and cable shipments fell 2.9 percent in April from a year earlier, slumping for a fifth month on subdued demand even after the country’s economy expanded the most in a year last quarter....
20 May 2013
Copper Declines for First Day in Three on China Demand Concerns
Copper dropped for the first time in three days on speculation that China will continue to curb its property market, reducing demand from the world’s biggest consumer....
20 May 2013
Gold Bear Bets Reach Record as Soros Cuts Holdings: Commodities
Hedge-fund managers are making the biggest ever bet against gold as billionaire George Soros sold holdings last quarter and Goldman Sachs Group Inc. predicted more declines after the longest slump in four years....
18 May 2013
HK SFC Press Release – HKMEx Surrenders its ATS authorization
Hong Kong Mercantile Exchange Limited (HKMEx) has notified the Securities and Futures Commission (SFC) that it has decided to surrender its authorization to provide automated trading services (ATS) after it considered that the trading revenues have not been sufficient to support its operating expens...
18 May 2013
Copper Rises on China Inventory Drop, U.S. Sentiment Data
Copper futures rose for the second straight day after inventories dropped to a seven-month low in China, the world’s biggest consumer of industrial metal, while U....
18 May 2013
Big Banks Losing Grip on Derivatives
Unless you're employed by a derivatives trading desk at a large bank, here's some good news: The derivatives cabal is slowly but surely headed for a break-up....
17 May 2013
Pension Funds Seen by Credit Suisse Sticking With Commodities
Pension funds are keeping money in commodities, which make up less than 3 percent of the average portfolio, according to Credit Suisse Group AG. (CSGN) The size of the allocation “alleviates some of the pain” from lower prices, according to the Zurich-based company....
17 May 2013
Wall Street Wins Rollback in Dodd-Frank Swap-Trade Rules
JPMorgan Chase & Co (JPM)., Goldman Sachs Group Inc (GS). and the world’s largest banks won rollbacks in final Dodd-Frank Act rules that promise to transform the private swaps market by increasing competition....
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