Latest News for: Global commodity trading


Web3 giant Parity Technologies teams up with Watr over platform to track ethical commodities

Crunch 17 Aug 2022
With everyone now talking about energy, how commodities are traded is also becoming a talking point ... We covered how the Watr Foundation, a Swiss-registered foundation created by experience commodities founders, plans to do this via the use of blockchains, incorporating the technology into commodities trading.

Gold Price Today, 17 August 2022: Gold trades flat ahead of US Fed minutes; MCX support at Rs 51300

Financial Express 17 Aug 2022
Gold prices were trading flat to negative in India on Wednesday, as yellow metal trades flat globally. On Multi Commodity Exchange, gold October futures were trading at Rs 51,807 per 10 gram, as against the last close of Rs 51,837 ... Gold prices have kept a steady trading range near $1780 per ounce on mixed global cues and firm dollar.

Gold slips Rs 53; silver declines Rs 256

The Times of India 17 Aug 2022
"Gold prices have kept a steady trading range on mixed global cues and firm dollar," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.

Average dairy price drops but cheddar, butter rise in global auction

RNZ 17 Aug 2022
Global dairy prices have fallen for the fifth consecutive time in the latest global dairy auction ... As supply of commodities on the Global Dairy Trade platform seasonally increase, this will be an interesting trend to watch; has the market finally scratched some direction from somewhere?" ... ....

Japan resumes Russian oil imports

Russia Today 17 Aug 2022
Despite the decline in physical volumes, the value of Russian fuel exports to Japan increased by 45.1% compared to last year due to rising global commodity prices. In May, Japanese Minister of Economy, Trade and Industry Koichi Hagiuda vowed that Tokyo would gradually reduce its ...

India’s oil demand to rise 7.7 pc in 2023

Financial Express 17 Aug 2022
“Import inflation is expected to continue rising in 2H22, leading to a higher trade deficit considering that India is a major importer of commodities and slowing global demand would weigh on exports,” it said.

NZ central bank signals aggressive tightening pace after 50-bps hike

Reuters 17 Aug 2022
Summary. Companies ... Register ... The RBNZ also increased the projected peak for the cash rate to 4.1% where it expects it to remain into 2024 ... read more. "The war in Ukraine has put upward pressure on global commodity prices, especially oil and food, and disrupted global trade," the central bank's statement said ... Register ... Our Standards ... ....

Paul Krugman: Why are we not hearing about the Biden boom?

The Irish Times 17 Aug 2022
US president has overseen great progress in employment ... Photograph. Nicholas Kamm/AFP via Getty Wed Aug 17 2022 - 05.00 ... However, the component of inflation that upsets Americans most – inflation faster than wage growth – is overwhelmingly a result of forces, like the prices of globally traded commodities, that weren’t driven by US economic policy.

Gold Prices Today, 16 Aug 2022: Gold falls on rise in US Dollar, may trade sideways to bearish today on MCX

Financial Express 16 Aug 2022
Gold prices were trading lower in India on Tuesday, following the global cues. On Multi Commodity Exchange, gold October futures were ruling 1.07 per cent or Rs 562 lower at Rs 52,023 per 10 gram as against the previous close of Rs 52,585. Silver September futures were trading Rs 1,266 or 2.14 per cent lower at Rs 58010 per kg.

In pursuit of establishing a new order

China Daily 16 Aug 2022
This capability of mutual conversion demonstrates that China, the greatest importer of oil and holder of the largest global reserves, is entitled to the best terms for indirect oil trade using gold; this might mark the start of new pricing models for a significant global commodity.

CoBank to Offer Series K Preferred Stock

Eagle-Tribune 16 Aug 2022
uncertainty of the extent, duration and effects of the COVID 19 pandemic and related business or supply chain disruptions; the Russia/Ukraine war and its role in global trade for grain, fertilizer and other commodities, and its impact on economic conditions, and global food ...

Meet the electric guitar-wielding former AWS exec intent on making Goldman Sachs the Amazon of ...

Business Insider 16 Aug 2022
Marco Argenti will take over as Goldman Sachs' sole chief information officer in October ... Sign up here. Download Insider's app here. Goldman Sachs; Vicky Let ... JPMorgan's former global head of gold trading, Michael Nowak, was convicted of placing bogus orders of the commodity ... Wall Street banks have revived the trading of Russian bonds, Reuters reported.

More corn imports needed to lower pork, chicken prices

Sun Star 15 Aug 2022
“It will also help rationalize the tariff levels that balances continued accessibility and affordability of these globally traded commodities while at the same time providing an environment that will enhance the competitiveness of these local commodity sectors,” he said.

From 4 to 80: A look back at journey of Rupee since India's Independence

Beijing News 15 Aug 2022
SBI Research said in its latest report said an interesting development is taking place in the global currency market as there has been a significant jump in trade in oil and other commodities in currencies such as the Renminbi, Hong Kong Dollar, and Arab Emirates Dirham at discounted rates.

Independence day 2022: Know how Indian currency fared against other global benchmark peers since 1947

DNA India 15 Aug 2022
There is, however, a silver lining.SBI Research said in its latest report said an interesting development is taking place in the global currency market as there has been a significant jump in trade in oil and other commodities in currencies such as the Renminbi, Hong Kong Dollar, ...

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In this photo, Feb. 27, 2022, taken from video provided by the Ukrainian Presidential Press Office, Ukrainian President Volodymyr Zelenskyy speaks to the nation in Kyiv, Ukraine. Russian state media is spreading false claims that Ukrainian President Volodymyr Zelenskyy has fled Kyiv in what experts say is an effort to discourage Ukrainians and erode support for Ukraine around the globe.
AP / Ukrainian Presidential Press Office via AP, File
Russian President Vladimir Putin attends a meeting with top officials on support to aviation industry in Russia amid western sanctions vis videoconference at the Novo-Ogaryovo residence outside Moscow, Russia, Thursday, March 31, 2022.
AP / Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP
File - Chinese President Xi Jinping inspects the People's Liberation Army soldiers at a camp in Hong Kong on June 30, 2017. Xi will visit Hong Kong this week to celebrate the 25th anniversary of the former British colony's 1997 return to China, a state news agency said Saturday, June 25, 2022.
AP / Vincent Yu, File