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Glencore profits tumble 66% as commodity prices collapse

The Independent - 8/24/2016 10:55:17 AM
Glencore, the miner and commodity trader run by billionaire Ivan Glasenberg, reported a 66 per cent drop in first-half profit on lower raw-materials prices. Net income excluding some items in the six months to June 30 fell to $300m from a year earlier ...

Commodities Rout Is Far From Finished As Glencore's Profits Sink 66%

Forbes - 8/24/2016 6:23:16 AM
Commodities colossus Glencore dipped to one-month lows in ... And the top line kept on toiling at Glencore’s Energy Products arm, too, with collapsing coal and oil prices pushing revenues 8% lower during in the first half, to $39.6bn.

Gold down Rs 78 in futures trade on weak global cues

Times of India - 8/24/2016 11:23:55 AM
NEW DELHI: Gold prices drifted lower by Rs 78 to Rs 31,292 per 10 gram in futures trade on Wednesday as participants lightened their positions, largely in tandem with a weak trend overseas. In futures trading, gold for delivery in October was trading Rs 78 ...

Sugar prices already reflecting global deficit: Rabobank

Money Control - 8/24/2016 4:53:12 PM
In the agro space, sugar prices have gained both in the domestic and international markets. Global consumption is expected to touch a record 173.6 million tonnes while production is estimated to come in at 169.3 MT. Carlos Mera Arzeno, Senior Commodity ...

Spread trading of Jan-May methanol futures - 8/24/2016 12:28:20 PM
The chart above shows the difference in prices of Jan to May methanol futures on Zhengzhou Commodity Exchange in 2012-2016. It hovered around -300yuan/mt to 300yuan/mt for most of time, recording its lows and highs every January and May when one of the ...

TOTAL (TOT): Start-ups Drive Growth, Commodity Price a Woe

Yahoo Finance - 8/23/2016 2:59:51 PM
On Aug 22, 2016, we issued an updated research report on TOTAL S.A. TOT. This integrated oil and gas company has been gaining from rigorous cost management efforts and contributions from upstream start-ups. However, fluctuating commodity prices, operations ...

Commodities giant Glencore trims loss after asset sales

US News and World Report - 8/24/2016 9:29:23 AM
Glencore says the commodities business ended a "five-year period of price underperformance" in the first half of 2016 despite concerns about the world economy, especially in China. It noted how commodities generally were among the strongest-performing ...

Glencore launches new debt reduction plan but share price takes a hit as profits plunge on low commodity prices

CITY A.M. - 8/24/2016 11:02:26 AM
Mining and commodities giant Glencore announced plans to speed up cutting its net debt this morning but posted a two-thirds fall in profit for the first half of the year. Key metals prices averaged around 20 per cent lower than during the same period of ...

Falling commodity prices hit revenue at Kenmare

The Irish Times - 8/24/2016 6:44:45 AM
Mining company Kenmare Resources saw half-year revenue fall 24 per cent to $56.2 million on the back of lower commodity prices. The firm, which has a substantial titanium minerals mine in Mozambique, however, said total shipments of finished products ...

Global Recognition Of Global Fundamentals Means Lower For Longer Oil Prices - 8/23/2016 4:25:45 PM
Global supply/demand/inventory fundamentals are reasserting themselves as the rightful drivers of crude oil prices. Crude oil is, after all, a globally traded commodity. However, a growing population of oil traders have had a more myopic view. That school ...

Commodities down in July

Opalesque Hedge Fund News - 8/24/2016 1:44:06 AM
Scotiabank’s Commodity Price Index posted its first monthly loss in July since February. The index was down 1% from June as metals strength (+4.6% month over month) was overwhelmed by weakness in the Oil & Gas (-4.7%) and Agriculture (-5.2%) segments.

The perils of peace in China’s commodity industries

The Economist online - 8/24/2016 8:24:57 AM
Fear of unrest is not the only explanation. Commodity prices have rebounded slightly this year, so local authorities are playing a game of chicken, keeping mines and factories open and hoping the neighbours will close theirs, so they themselves will be the ...

Stock Futures Inch Higher Ahead of Housing Market Data

NASDAQ - 8/24/2016 8:53:35 AM
Stock futures are treading water, slightly higher from Tuesday's close, as Wall Street waits for direction from this morning's housing market data. Support from firm European markets was mitigated by weaker oil prices as West Texas Intermediate falls more ...

Stock Futures Narrowly Higher; Lannett Rockets; Intuit, Express Cave

Investors Business Daily - 8/24/2016 12:06:52 PM
Stock futures drifted quietly ahead of Wednesday's open, showing narrow gains despite an early pullback in oil prices. Futures for the Dow industrials, S&P 500 and the Nasdaq 100 showed fractional gains above fair value. The Nasdaq and S&P 500 open ...

Silver Prices Seeing Limited Upside This Week - 8/24/2016 11:52:33 AM
Silver prices traded near eight-week lows Wednesday, as the market succumbed to renewed selling pressure. Silver for December delivery was trading near daily lows, falling 13 cents or 0.7% to $18.94 a troy ounce as of 7:36 am ET. The futures price is on ...