(Reuters) - JPMorgan (JPM.N) raised its commodity trading risks by a third in the final quarter of 2011, the only major U.S. bank to sharply raise its exposure to the sector that swung wildly in the quarter.
Thursday, January 19, 2012
Copper Bears Hibernate
Jan. 20 (Bloomberg) -- Copper traders are the least bearish in a month after the commodity had its best start to a year since 2009 and stockpiles tracked by the world’s biggest metals exchange were poised to slump to the lowest in 3 1/2 years.
China selling treasuries spells trouble!
Overall, foreigners were net buyers of long-term U.S. financial assets in November, a month in which Europe's debt crisis continued to boost the appeal of U.S. government debt, according to the monthly Treasury International Capital report, known as the TIC.
China's net holdings fell $1.5 billion to $1.133 trillion, following net selling of more than $14.2 billion in October. It pared its holdings of long-term and short-term Treasury obligations.
A hard man is good to find
(Reuters) - Commodities trader Glencore (GLEN.L) is set to lose one of its most senior executives, the first exit since its high-profile public offering last year, as part of a reorganization of its upper echelons, a source close to the company said.
Going for the gold at Goldman
Once again, employees at Goldman Sachs are winning the tug-of-war with shareholders over the firm's spoils.
Copper Soars
NEW YORK--Copper futures continued to rally for a third day Thursday, touching their highest level in nearly four months, as a stronger euro and upbeat U.S. economic data encouraged market participants.
Natural gas prices continue to plummet
The natural gas frac attack continues to rewrite energy history. Natural gas prices continue to plummet as global warming continues to favor us and the techniques in the energy industry continues to drive down natural gas prices.
A slap n the face for Obama putspressure on oil
Perhaps the most disturbing slap in the face to the oil industry by the most anti-energy US President in history was made with the statement by Obama in his denial of the application for the building of the Keystone Pipeline when he said, "Under my Administration, domestic oil and natural gas production is up, while imports of foreign oil are down."
Disappointing US Oil Inventory Numbers
Light, sweet crude oil for February delivery recently traded 20 cents lower at $100.39 a barrel on the New York Mercantile Exchange, down from highs above $102 before the data were released.
Morgan Stanley commodities risk down
(Reuters) - Morgan Stanley (GS.N) reported Thursday its commodities trading risk fell in the final quarter of 2011 from the previous quarter, but rose from a year before.
I Litigate Therefore I Am
LONDON — Hedge funds have been known to use hardball tactics to make money. Now they have come up with a new one: suing Greece in a human rights court to make good on its bond payments.
Subscribe to:
Posts (Atom)