Commodities

South32 output dips for most commodities

South 32 has missed its full-year production guidance for several commodities after bad weather and challenging conditions at some operations hit performance. The diversified miner posted a two per cent increase in aluminium production and a five per cent rise in manganese ore production, but output for all other commodities declined compared to the previous year. “While we didn’t achieve ...

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Canadian Pacific Railway beats profit estimates | Business

(Reuters) – Canadian Pacific Railway Ltd reported a better-than-expected quarterly profit on Wednesday, as it earned more from higher shipments of commodities, but executives were cautious on grains for the second half of the year. North American railroad operators, who have faced pressure from volatile commodity prices, are beginning to see profits beat expectations, driven by higher volumes. Revenue from ...

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Commodities Futures Trading Commission Launches Cooperation Initiative | Zuckerman Spaeder LLP

When investigating potential wrongdoing, government investigators have powerful tools that they can use to obtain information. As the U.S. Attorneys’ Manual explains, one such tool is the ability to enter into non-prosecution agreements (NPAs) in exchange for cooperation from companies and individuals. For example, if a corporate executive has valuable information to offer in a criminal investigation of his employer ...

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Bunge cutting costs, restructuring as grains glut stings

Reuters (Adds restructuring details, CEO comment, share price) By Karl PlumeCHICAGO, July 19 (Reuters) - Agricultural commodities trader Bunge Ltd <BG.N> said on Wednesday it was cutting costs and restructuring its global operations in response to tough market conditions, sending its shares lower in after-hours trading. Bunge, which was targeted for a possible takeover by commodities trader Glencore ...

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Baltic index gains for seventh straight session

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for seventh session in a row on Wednesday supported by stronger demand for larger vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 16 points, or 1.72 percent, to 948 points. The capesize index climbed 44 ...

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Commodities: WTI, NYMEX gasoline higher after DoE data

Softer than expected US oil inventory data gave the energy patch a lift late on Wednesday. Commercial crude stockpiles in the States declined by 4.7m barrels over the week ending on 14 July, according to the Energy Information Administration, the US Department of Energy’s statistical arm. That was more than the 3.5m drop analysts had predicted and came alongside sizeable ...

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Miners regain sparkle as commodity prices rebound

Increased Chinese spending on housing and hopes of an infrastructure bonanza in the US and India are driving a recovery in resources giants, analysts said, with major miners raking in huge profits. A slowdown in the global economy, particularly in the world’s top consumer China, and a supply glut hammered prices in recent years, pushing many firms to the brink ...

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PDS beneficiaries can go for ‘give it up’ option – TAMIL NADU

T. Ramakrishnan February 26, 2017 00:00 IST Updated: February 26, 2017 03:57 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device = ‘mobile’; break; } break; } } var ...

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