(Reuters) - Goldman Sachs Group Inc reported Wednesday its commodities trading risk in the final quarter of 2011 was nearly flat from the previous quarter and up 13 percent from a year before.
Wednesday, January 18, 2012
North American Carbon Trading To Double
Carbon trading in North America is poised to double this year with the inauguration of carbon markets in California and Quebec, and the total value of the Western Climate Initiative is set to surpass that of the eastern Regional Greenhouse Gas Initiative, according to Thomson Reuters Point Carbon.
Commodities could fall by 11%
WASHINGTON: Global prices of farm commodities like wheat and rice may decline by 11 per cent in 2012 due to a slowdown in demand and improved supply prospects, in part because high prices have led to greater investment, according to the World Bank.
Ratings Companies Value Questioned
Jan. 17 (Bloomberg) -- European Central Bank President Mario Draghi said investors largely priced in the euro-area sovereign downgrades from Standard & Poor’s and questioned the importance of ratings companies.
EU Has A $39 Trillion Pension Risk
State-funded pension obligations in 19 of the European Union nations were about five times higher than their combined gross debt, according to a study commissioned by the European Central Bank. The countries in the report compiled by the Research Center for Generational Contracts at Freiburg University in 2009 had almost 30 trillion euros ($39.3 trillion) of projected obligations to their existing populations.
Draghi Postpones ‘Armageddon’
Jan. 12 (Bloomberg) -- European Central Bank President Mario Draghi says his strategy for battling Europe’s debt crisis is starting to work.
Euro Region Contracts; World Bank Cuts Outlook
Jan. 18 (Bloomberg) -- The World Bank cut its global growth forecast by the most in three years, saying that a recession in the euro region threatens to exacerbate a slowdown in emerging markets such as India and Mexico.
Pushing South Africa Corn Exports May Deplete Stock
Jan. 18 (Bloomberg) -- A government-backed plan to export a record corn surplus may leave South African silos drained of the country’s staple food by the end of April.
Biggest Sugar Glut in 5 Years Ending
Jan. 19 (Bloomberg) -- Traders are betting that the biggest sugar glut since 2007 will shrink in the next harvest, reversing expectations from six months ago and ending the largest decline in prices in a decade.
China's Growth Boost Commodities
Commodities have shown big gains over recent sessions, but will their winning streak continue?
MF Global Debacle Will Result In New Laws
Lawmakers are considering new policies aimed at preventing a repeat of the MF Global debacle, in which the futures brokerage firm misused an estimated $1.2 billion in customer money as it collapsed.
Drought hits Latin American crops
From Chile to Colombia to Mexico, Latin America has been battered recently by wildfires, floods and droughts. For many witnessing the extreme weather in the region and around the world, the question that comes up again and again is whether climate change is playing a role. The response from experts: Probably.
Commodities lose $2.5 bln in December
Investors pulled some $2.5 billion from commodity exchange-traded products (ETPs) in December as improving sentiment in the U.S. prompted a switch from gold to U.S. equities, but commodity inflows are picking up in January as risk appetite grows.
Bonuses at Morgan Stanley capped at $125k
The days of outrageous Wall Street bonuses may be limited, depending on your definition of outrageous, of course. A recent Bloomberg story reported that Morgan Stanley, the owner of the world’s biggest brokerage, is capping cash bonuses at $125,000 and is deferring more compensation for senior level executives.
The key to trading leveraged position is money managemen
Simple money management wins over time - Undesignated - Futures Magazine
The difference between a successful trader and a losing trader has a lot less to do with the successful trader’s ability to pick winners than you might think. All traders are going to experience losers and lots of them. It’s a fact of the business.
Oil Tracks Euro Higher
OIL FUTURES:Oil Tracks Euro Higher; Casts Wary Eye On Iran Tensions - WSJ.com
LONDON (Dow Jones)--Crude oil futures were up Wednesday, tracking the euro higher against the dollar as the mood turned positive following well-received Treasury bill auctions in Germany and Portugal and amid the potential for supply disruptions as Iran ratcheted up the rhetoric against Saudi Arabia.
BNY to stop "standing-instruction" currency trades
A partial settlement of a civil suit between Bank of New York Mellon Corp. and federal prosecutors provides new details of how the bank has agreed to change disclosures on its pricing for currency trades.
Identifying trend reversals
Successful hedge fund managers, such as Bruce Kovner, Ed Seykota and John Henry have been stalwarts of trend trading for years. This approach has been one of the most reliable trading methods devised for those seeking outsized returns. It has a proven history of producing large profits in everything from stock indexes to orange juice. It also was, perhaps most famously, the method used by a relatively well-known group of average people who Richard Dennis turned into profitable traders, known as the "Turtle Traders." Richard Dennis was a famously wealthy trend-trader himself.
Small town issues its own currency
A small community in Portland, Ore., is issuing its own currency because "the economy is in trouble and people don't trust the Federal Reserve", says co-founder John Poling.
Lawsuit Complaint Against Corzine et al.
In what is not the first and certainly will not be the last, Berger & Montague has filed a lawsuit in the Southern District of New York against Jon Corzine.
Dollar holds key support
Dollar holds above key technical support - Financials - Futures Magazine
The greenback is softer at the close of North American trade on Tuesday with the Dow Jones FXCM Dollar Index off by 0.28% on the session.
IMF seeking pledges for $600B from EU debt crisis
IMF Seeks Boost of Up to $600 Billion - WSJ.com
The International Monetary Fund has identified a need for an extra $500 billion to $600 billion in resources to help fight the European debt crisis, euro zone and IMF officials said Wednesday.
Child Labor Picking Fair-Trade Cotton
Last year, when cotton prices reached their highest level since the U.S. Civil War, we went looking for those human connections and the consequences.
Cotton's supply chain stretches from the hands of some of the world's poorest people, including millions of children, to the clothes worn by most everyone in the world's richest countries. It's also used in unexpected places (including car tires).
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