Commodities Market

  • Weekly Trading Forecast: FX Traders Brace for Huge Week Ahead DailyFX - Sat, Aug 29, 2015 10:35 AM AEST

    Weekly Trading Forecast: FX Traders Brace for Huge Week Ahead

  • Obama defends Shell Arctic drilling decision AFP - Sat, Aug 29, 2015 10:15 AM AEST
    Obama defends Shell Arctic drilling decision

    Two days before heading to Alaska to raise climate change awareness, US President Barack Obama on Saturday defended his controversial decision to allow Shell to drill in the Arctic's Chukchi Sea. The Obama administration's green light for the Anglo-Dutch oil giant angered environmental groups which have decried the "hypocrisy" of the president, who in recent months has stressed the need for aggressive actions against climate change. "I know there are Americans who are concerned about oil companies drilling in environmentally sensitive waters," Obama said in his weekly address, noting that the drilling leases had been purchased before he took office.

  • RBA unlikely to change rate stance AAP - Sat, Aug 29, 2015 10:04 AM AEST
    RBA unlikely to change rate stance

    The Reserve Bank is expected to look through recent market turmoil and keep the cash rate unchanged for the foreseeable future. All 16 economists surveyed by AAP expect the RBA to keep the cash rate unchanged at its September meeting on Tuesday, and only three expect another cut before the middle of next year. The central bank cut its interest rate by a quarter of a percentage point in February and again in May, taking the cash rate to a new record low of two per cent.

  • Gold Reverses as Fed Expectations Rebound- US NFP to Clear the Way DailyFX - Sat, Aug 29, 2015 9:31 AM AEST

    Gold Reverses as Fed Expectations Rebound- US NFP to Clear the Way

  • US oil prices climb again after Thursday's big jump Associated Press - Sat, Aug 29, 2015 6:59 AM AEST

    Oil prices surged again Friday, a day after recording their biggest gain in more than six years. U.S. crude rose 6.3 percent to finish at $45.22 per barrel after climbing 10.3 percent on Thursday. That ...

  • US stocks close flat Friday after a volatile week Associated Press - Sat, Aug 29, 2015 6:58 AM AEST
    US stocks close flat Friday after a volatile week

    U.S. stocks ended the day little changed Friday, letting investors breathe a little easier after a week where both the highs and lows were extreme. The market gave investors a hard jolt the first two days ...

  • Grain mixed and livestock mostly higher Associated Press - Sat, Aug 29, 2015 5:27 AM AEST

    Grain futures were mixed Friday on the Chicago Board of Trade. Wheat for December delivery was off 6 cents to $4.8375 a bushel; December corn was unchanged at 3.75 a bushel; December oats were up 6.5 cents ...

  • Shell pauses Arctic offshore drilling for high wind, water Associated Press - Sat, Aug 29, 2015 5:21 AM AEST

    Strong winds and high waves that pounded the northern coast of Alaska have led Royal Dutch Shell PLC to temporarily stop exploratory oil drilling in the Arctic Ocean. "Due to high wind and sea states, ...

  • Ambassadors Group, Inc. Announces Meeting Date and Record Date for Special Meeting GlobeNewswire - Sat, Aug 29, 2015 3:53 AM AEST

    SPOKANE, Wash. -- Ambassadors Group, Inc. (NASDAQ:EPAX), today confirmed that its special meeting of stockholders in connection with the proposed dissolution and liquidation of the Company will be held ...

  • EUR/USD Downside Levels to Watch Ahead of ECB, NFP DailyFX - Sat, Aug 29, 2015 2:25 AM AEST

    EUR/USD Downside Levels to Watch Ahead of ECB, NFP

  • Grain mostly higher, livestock mixed Associated Press - Sat, Aug 29, 2015 12:32 AM AEST

    Grain futures were mostly higher in early trading Friday on the Chicago Board of Trade. Wheat for December delivery lost 1.50 cents to $4.88 a bushel; December corn was 2.50 cents higher at $3.7760 a bushel; ...

  • Research and Markets: Research Report on China's Wheat Industry, 2015-2019 Business Wire - Fri, Aug 28, 2015 11:55 PM AEST

    DUBLIN--(BUSINESSWIRE)-- Research and Markets ( http://www.researchandmarkets.com/research/splk2g/research_report ) has announced the addition of the "Research Report on China's Wheat Industry, 2015-2019" ...

  • Sofia Vergara Partners With SharkNinja(R) To Launch The Ninja Coffee Bar(TM) GlobeNewswire - Fri, Aug 28, 2015 10:06 PM AEST

    NEWTON, Mass. -- via PRWEB - SharkNinja, an innovative leader in the housewares industry, is proud to announce its collaboration with coffee connoisseur and Emmy-nominated actress, Sofia Vergara, and unveil ...

  • Commodities slump on China crisis AFP - Fri, Aug 28, 2015 6:17 PM AEST
    Commodities slump on China crisis

    Many commodities faced a fierce sell-off earlier this week, rooted in demand fears arising from China's slowdown, but later rebounded in line with equities after surprisingly strong US growth data. World stock markets were hammered on Black Monday -- with Shanghai collapsing by almost 8.50 percent -- as risk-averse investors dumped shares and many commodities over panic that the flagging Chinese economy could spark a new world recession. Base or industrial metals were among the hardest hit, with aluminium and copper striking six-year lows on China demand fears, while lead and zinc also suffered.

  • Battered oil and gas players enjoy lift AAP - Fri, Aug 28, 2015 6:03 PM AEST

    Australia's battered energy players have received a welcome lift with oil prices surging more than 10 per cent. Shares in some of the major energy producers posted gains of more than five per cent on Friday after US oil prices rose above $US40 a barrel, thanks to the US economy expanding at a better than expected annual rate of 3.7 per cent. CMC Markets analyst Rick Spooner said the oil price rally could continue, but prices above $US40 a barrel would not be maintained in the short-term.

  • Slowing German CPI to Hit EUR/USD Ahead of ECB Meeting? DailyFX - Fri, Aug 28, 2015 6:00 PM AEST

    Slowing German CPI to Hit EUR/USD Ahead of ECB Meeting?

  • $A gets a boost from commodity rally AAP - Fri, Aug 28, 2015 5:43 PM AEST

    The Australian dollar is higher as optimism returns and commodities and sharemarkets rally. The local share market rose 0.6 per cent and Asian share markets rallied, the highlight being Shanghai's more than four per cent gain, in stark contrast to the steep falls suffered earlier in the week. St George chief economist Hans Kunnen said firmer commodity prices helped the Australian dollar lift off its recent lows.

  • $A higher, as sharemarkets rally AAP - Fri, Aug 28, 2015 5:30 PM AEST

    The Australian dollar is higher as optimism returns and commodities and sharemarkets rally. At 1700 AEST on Friday, the local unit was trading at 71.67 US cents, up from 71.13 cents on Thursday. The local ...

  • Euro, Pound Eyeing CPI and GDP Data to Shape Jackson Hole Outlook DailyFX - Fri, Aug 28, 2015 5:30 PM AEST

    Euro, Pound Eyeing CPI and GDP Data to Shape Jackson Hole Outlook

  • Australian share market closes higher AAP - Fri, Aug 28, 2015 5:12 PM AEST

    The Australian Share market has finished in the black thanks to positive global leads and higher oil prices. Local shares moved higher on Friday following a second consecutive day of gains on Wall street, with energy stocks leading the charge after a 10 per cent gain in the oil price overnight. CMC Markets analyst Rick Spooner said Australian stocks opened strongly but the market did not experience follow-through buying.

  • Crude Oil Price: Two-Month Down Trend Broken DailyFX - Fri, Aug 28, 2015 5:12 PM AEST

    Crude Oil Price: Two-Month Down Trend Broken

  • Bonds weaker as share market bounce AAP - Fri, Aug 28, 2015 4:48 PM AEST

    The Australian bond market is weaker as local and Asian share markets enjoy a strong rebound from losses made earlier in the week. Nomura head of macro products Jon Linton said the day was one of stability, ...

  • Shell shuts down 2 key Nigeria pipelines over leaks, sabotage AFP - Fri, Aug 28, 2015 4:34 PM AEST
    Shell shuts down 2 key Nigeria pipelines over leaks, sabotage

    Anglo-Dutch oil giant Shell has shut down two key supply pipelines in NIgeria because of leaks and sabotage and declared a "force majeure" on crude oil exports. The two pipelines take crude to the Bonny Light exports terminal, one of Nigeria's main oil terminals.

  • Tiger Resources Limited (ASX:TGS) Half Yearly Report and Accounts ABN Newswire - Fri, Aug 28, 2015 12:56 PM AEST

    Perth, Australia, Aug 28, 2015 - (ABN Newswire) - Tiger Resources Limited (ASX:TGS.AX - News) is an Australian-based minerals resource company engaged in the mining and production of copper. Its ordinary shares are listed for quotation on the Australian Securities Exchange (ASX) under the code "TGS". The Group's principal asset is the Kipoi Copper Project (Kipoi), which is operated by Tiger's subsidiary Société d'Exploitation de Kipoi SA (SEK) in which the Group has a 95% interest.

  • KBL Mining Ltd (ASX:KBL) Transformation to Gold-Silver Production ABN Newswire - Fri, Aug 28, 2015 12:50 PM AEST

    Sydney, Australia, Aug 28, 2015 - (ABN Newswire) - KBL Mining Limited (ASX:KBL.AX - News) ("the Company") is pleased to announce that our transformation at Mineral Hill from an underground copper-lead-zinc producer (with gold and silver credits) to an open cut gold-silver producer has progressed well and is on schedule with open cut ore being stockpiled for processing next week. KBL's strategic decision as laid out in our letter to shareholders on 8 August 2014 and subsequent updates, is proving to be the ideal move with the site shifting from underground to the low cost/high grade gold-silver Pearse deposit. This frees up the flotation circuit to realise immediate profits from concentrate production from the high grade gold-silver Pearse open cut ore.

  • Market's early gains evaporate AAP - Fri, Aug 28, 2015 12:17 PM AEST

    The share market's strong early gains have evaporated as the financial and property sectors drop into the red. Insurance and property stocks were also dragging on the market, almost offsetting the strong gains in mining and energy stocks caused by big rises in commodity prices, most notably oil.

  • $A rallies on China, commodity strength AAP - Fri, Aug 28, 2015 12:11 PM AEST

    The Australian dollar is powering higher, propelled upward by rising commodity prices and gains on China's stockmarket. At 1200 AEST on Friday, the currency was trading at 71.92 US cents, up from 71.13 ...

  • NT mine 'destroyed community livelihood' AAP - Fri, Aug 28, 2015 11:57 AM AEST

    In allowing contaminants to leak into a Borroloola river, mining company Glencore has taken away the community's livelihood, a local says. Documents obtained by the Northern Territory's Environmental Defenders Office under freedom of information laws this week revealed that the NT government was aware last September of a litany of problems facing the MacArthur River lead and zinc mine near Borroloola, on the Top End gulf coast. A report from the Department of Mines and Energy (DME) to the Chief Minister said there were elevated levels of lead found in fish, invertebrates and cattle downstream from the mine, as well as in oysters and mussels in the Bing Bing Port shipping channel, and that the mine was experiencing serious problems with acid and metals leaching into waterways.

  • Kyrgyzstan hails 'historic' China-financed power line AFP - Fri, Aug 28, 2015 11:25 AM AEST
    Kyrgyzstan hails 'historic' China-financed power line

    Ex-Soviet republic Kyrgyzstan on Friday inaugurated a Chinese-financed power line officials say will bring energy independence to the country, one of the many projects Beijing has sponsored in the region. The 450-kilometre Datka-Kemin power line is expected to save Kyrgyzstan millions in transit fees, as its electricity will no longer pass through neighbouring Uzbekistan and Kazakhstan. "We are witnessing a historic event," Kyrgyz President Almazbek Atambayev said at the power line's inauguration in the provincial town of Kemin.

  • Miner 'had no right' to contaminate river AAP - Fri, Aug 28, 2015 10:58 AM AEST

    Mining company Glencore "had no right" to contaminate a river at Borroloola in the Northern Territory used by the Aboriginal community, a local says. Documents obtained by the NT's Environmental Defenders Office under freedom of information laws have revealed the government was aware in September last year there were elevated levels of lead found in fish, invertebrates and cattle downstream from the McArthur River Mine, that the mine was experiencing serious problems with acid and metals leaching into waterways, and that it has still not paid an increased environmental bond to cover clean-up at the site.

  • Commodities markets summary AAP - Fri, Aug 28, 2015 7:47 AM AEST

    Oil prices sank along with the euro after the European Central Bank forecast that the eurozone would continue to contract next year and only return to growth in 2014.

  • Australian market set to open higher AAP - Fri, Aug 28, 2015 6:59 AM AEST
    Australian market set to open higher

    The Australian market looks set to open higher after on international markets, including China's, with good economic data also helping to boost US and European shares. At 0645 AEST on Friday, the share ...

  • EURJPY Rebound to Offer Short Entries Ahead of ECB- 137.50 Critical DailyFX - Fri, Aug 28, 2015 6:44 AM AEST

    EURJPY Rebound to Offer Short Entries Ahead of ECB- 137.50 Critical

  • Energy company announces settlement in lawsuit over decade-old oil leak in Gulf of Mexico Associated Press - Fri, Aug 28, 2015 2:31 AM AEST

    Energy company announces settlement in lawsuit over decade-old oil leak in Gulf of Mexico.

  • Technavio Says Increased Focus on Developing Markets Will Propel the Global Cigarette Market Through … Business Wire - Fri, Aug 28, 2015 1:05 AM AEST

    LONDON--(BUSINESSWIRE)-- Technavio has published a new report on the global cigarette market , which is expected to grow at a CAGR of nearly 6% from 2015-2019. About the Report As per the new market research ...