MUMBAI, Feb 28- India on Saturday proposed to merge its commodity market regulator with the capital market watchdog, aiming to strengthen regulation in a move which could help open the commodity futures market to institutional investors. Responding to the measure, shares of Multi Commodity Exchange of India Ltd, India's biggest commodity exchange and its...» Read More
Investors are, in effect, paying half a dozen countries for the privilege of lending them money in the short term following the recent European Central Bank rate cut and a flight by investors to perceived havens, the FT reports.
Mario Monti has expressed “serious concerns” that Sicily’s regional government is heading towards default and has asked its governor – who is under investigation for suspected links to the Mafia – to confirm his intention to resign. The FT reports.
Peregrine Financial Group Founder and CEO Russell Wasendorf Sr.’s plan to hire a high-powered Chicago attorney to represent him has hit a snag: Wasendorf’s assets are frozen, so he has no money to pay him.
FDIC officials have handled so many sick American banks in recent years, they have developed a slick drill: if a bank is deemed bust, FDIC “shock troops” will arrive, typically on Friday night, seize control, reassure staff and depositors – before either closing the banks or selling it on. The FT reports.
Chairman & CEO, BlackRock
Saudi Arabia and the United Arab Emirates have opened new pipelines bypassing the Strait of Hormuz, the shipping lane that Iran has repeatedly threatened to close, in a move that will reduce Tehran’s power over oil markets, the Financial Times reports.
Russell Wasendorf, founder and CEO of PFG, has been charged with making false statements to the CFTC, CNBC has learned.
Prices of commodities from oil to copper have fallen sharply. Money is flowing out of the sector and some investors are questioning the so-called commodities ‘supercycle’ – the mantra that prices will rise and rise, underpinned by Chinese growth, the Financial Times reports.
In normal circumstances, the antics of America’s corporate treasurers should not worry Washington politicians. After all, corporate treasurers are like the supply chain managers of the financial world: decent, unassuming people, who prefer to stay out of the limelight, performing the crucial-but-dull role of handling company finances, the Financial Times reports.
Just days before Peregrine Financial Group collapsed, the firm's president sent an email to employees suggesting the crisis had passed, CNBC has learned.
Kevin Ferry, Cronus Futures Management, weighs in on the ECB's zero interest rate strategy and its impact on futures.
The earnings reporting season is just getting underway, and most U.S. companies haven't even told Wall Street how much money they made in the just-completed second quarter. But it's fourth-quarter profits that investors are really worried about, USA Today reports.
CNBC's Rick Santelli discusses the play on the USDA's cut in yield projections for corn, soybeans, and wheat, with Frank Lesh, FuturePath Trading
The summer drought is driving up commodity prices. CNBC's Jane Wells reports the latest data from the USDA on global supply and demand.
The majority of Americans have higher incomes than their parents, but it is still not enough to move most of them into a higher bracket — especially those at the bottom, USA Today reports.
The Federal Bureau of Investigation confirmed it was involved in investigating the circumstances surrounding a $200 million shortfall in customer accounts discovered at a Chicago-based futures broker, FT reports.
A look at why commodity prices are skyrocketing as a result of this summer's drought, with Jason Roose, U.S. Commodities analyst.
Top Olympics officials questioned whether it was appropriate to allow fast-food chain McDonald’s to continue sponsoring the games amid mounting concern about the global obesity crisis, the International Olympic Committee president has admitted, the Financial Times reports.
Because commidities often do well when stocks decline, and commodity funds offer so many different markets to choose from, they can provide a little stability when the market is waffling.
Royal Bank of Scotland has pulled out of the panels that set Tibor, Japan’s version of Libor, amid a global probe into alleged manipulation of interbank lending rates by traders at investment banks, the Financial Times reports.
Storage in the United States is filling up quickly, and that could send oil lower, one pro warned.
It may finally be time to go against the crowd and play the dollar for a swift slide.
Noble Group shares slumped after the Asian commodities trader swung to an unexpected quarterly loss due to asset write-downs.