Wednesday, February 8, 2012
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The latest breaking Commodities news articles, financial market, rates and more.



Gold holds near $1745 as Greece buys more time for bailout - Economic Times
Wednesday, 08 February 2012 17:15


'If Greece were to agree on everything right away, I don't think it would solve everything because they will still have to implement the measures,' said Jeremy Friesen, commodity strategist at Societe Generale in Hong Kong. Spot gold was little changed ....

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Gold holds below $1720/oz, all eyes on Greece - Economic Times
Wednesday, 08 February 2012 15:15


The precious metal has climbed 10 percent this year after December's sharp drop, supported by a Federal Reserve pledge to maintain ultra-loose monetary policy and also from a rise in stock markets and other commodities like crude oil....

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Volatile commodity prices hit BHP first - half profit - The West Australian
Wednesday, 08 February 2012 15:15


SYDNEY, Feb 8, 2012 (AFP) - - Global mining giant BHP Billiton on Wednesday posted a 5.5 percent fall in first-half profits to US$9.94 billion, largely due to volatility in commodity prices which it expects to persist. The interim result in the six ....

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Crude Oil Gains $1.50 as Dollar Falls: Commodities at Close - Bloomberg
Wednesday, 08 February 2012 11:15


The Standard & Poor's GSCI gauge of 24 commodities rose 0.7 percent to 672.96 at 5:51 pm in New York. The UBS Bloomberg CMCI index of 26 raw materials was up 0.1 percent to 1614.186. CRUDE OIL Oil rose the most in three weeks as the dollar fell against ....

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Volatile commodity prices hit BHP interim profit - The West Australian
Wednesday, 08 February 2012 11:15


SYDNEY (AFP) - Global mining giant BHP Billiton on Wednesday posted a 5.5 percent fall in first-half profits to US$9.94 billion, largely due to volatility in commodity prices which it expects to persist. The result in the six months to December 31 was ....

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Chile Stocks End Lower On Falling Commodities Prices Abroad - Wall Street Journal
Wednesday, 08 February 2012 09:15


By Carolina Pica Of DOW JONES NEWSWIRES SANTIAGO (Dow Jones)--Chile's IPSA blue-chip stock index closed lower Tuesday on lower international commodities prices. The IPSA ended 0.5% lower at 4355.31. Market volume grew to 77.74 billion Chilean pesos ....

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Commodities Rise to Five - Month High as Bernanke Weakens Dollar - BusinessWeek
Wednesday, 08 February 2012 07:15


7 (Bloomberg) -- Commodities rose to the highest level in more than five months as the dollar declined after Federal Reserve Chairman Ben S. Bernanke said that the US jobs market is far from healthy. The Standard & Poor's GSCI Index of 24 commodities ....

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Xstrata, Glencore to Create Commodities Giant - Wall Street Journal
Wednesday, 08 February 2012 07:15


REUTERS/Romina Amato LONDON'Anglo-Swiss miner Xstrata PLC Tuesday formally announced plans to merge with commodities titan Glencore International AG and create a behemoth with a market value of $90 billion, but some investors immediately criticized ....

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Natural Gas Falls, Biggest Loser in 2012: Commodities at Close - BusinessWeek
Wednesday, 08 February 2012 07:15


7 (Bloomberg) -- The Standard & Poor's GSCI gauge of 24 commodities rose 1.1 percent to 675.64 at 5:18 pm in London. The UBS Bloomberg CMCI index of 26 raw materials was up 0.4 percent at 1619.577. In the GSCI, natural gas was down the most, ....

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TSX, commodities lower as Greek leaders scramble to avoid default - Toronto Star
Wednesday, 08 February 2012 05:15


The Canadian dollar dipped 0.06 of a cent to 100.39 cents US as commodity prices retreated and traders worried that Greece will default on its debt bought into the US dollar. US markets were also lower with the Dow Jones industrial average down 33.42 ....

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Glencore commodity trading earnings slump in 2011 - Reuters
Wednesday, 08 February 2012 03:15


Lost money on agri trading in 2011 Margins on oil and metals trading lower or flat Share of trading in core earnings plummets By Dmitry Zhdannikov LONDON, Feb 7 (Reuters) - Glencore lost money on agricultural commodities in 2011 by trading volatile ....

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CoBank contributes $2.5 million for commodities research - Pork Magazine
Wednesday, 08 February 2012 03:15


CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, announced it is contributing $2.5 million to support a new center for commodities research at the University of ....

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Commodity transaction tax, a welcome proposal to raise revenue - Hindu Business Line
Wednesday, 08 February 2012 03:15


Close on the heels of a sharp hike in customs duty on import of gold and silver comes the report that the Government is considering re-imposition of commodity transaction tax (CTT) on derivative trades that take place in the futures exchanges....

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