Commodities

Commodities

ICBC Standard Bank plans to shut base metals, equities units

(Nov 10): ICBC Standard Bank, a venture between the biggest lenders in China and Africa, will close its base metals and equities businesses because of poor performance and difficult market conditio

Commodities

Asia's chocolate bonanza sparks quest for locally grown beans

(Aug 22): Asia's cocoa industry is scouring for ways to boost local bean supplies as the region's chocoholics munch through more candy than ever.

Commodities

Gold's rally to 6-year high spurs people to sell their old Tiffanys and Rolexes

(June 26): Fund managers aren’t the only ones feeling the tailwind from gold’s rally to a six-year high.

Commodities

Noble Group to take stake in Australian rare earths developer Arafura

MELBOURNE (June 20): Commodities trading firm Noble Group is set to take a small stake in ambitious Australian rare earths developer Arafura, raising its exposure to strategic minerals critical to

Commodities

Wilmar eyes China soy expansion as fever kills hogs

(June 12): Wilmar International, one of the world’s largest food producers, is planning to boost its soybean crushing capacity in China even as a deadly pig-killing virus cuts demand for animal fee

Commodities

Iron ore prices to remain high this year: Cynthia Carroll

SINGAPORE (May 9): Prices of iron ore are expected to remain higher this year, off the back of the January mining tragedy in Brazil, which saw over 200 people dead when an iron ore dam suffered a f

Commodities

GEAR fails to win bid for Stanmore Coal

(Jan 23): Singapore’s Golden Investments said on Wednesday that it will seek a board position at Australia’s Stanmore Coal as its biggest shareholder, despite the failure of a A$240 million ($232.8

Commodities

Olam International to shut sugar trade desk: spokeswoman

(Jan 9): Singapore-based agricultural commodities trading firm Olam International Ltd will shut its sugar trade desk, a spokeswoman Nikki Barber told Reuters on Tuesday, another sign of pressure on

Commodities

UOB: Malaysia to lose up to RM5b if oil trades at US$55-US$65/barrel

KUALA LUMPUR (Dec 28): UOB Group said today its crude oil price forecast at US$55 ($75.40) to US$65 a barrel translates into a Malaysian government revenue loss at around RM2 billion to RM5 billion

Commodities

Gold powers to 6-month high as turmoil spurs demand for haven

SINGAPORE (Dec 31): Gold is rallying into the end of 2018 as turmoil in global equities, the partial US government shutdown and concerns about the outlook for next year stoke demand, lifting prices

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