Documents have been demanded from Deutsche Bank as part of an investigation into manipulation of commodity prices. The FT reports.» Read More
SINGAPORE, Dec 10- London copper held close to one-month highs on Tuesday as expectations that the Federal Reserve could soon start tapering its economic stimulus undermined the dollar, while steady consumer buying from China put a floor under prices.
SINGAPORE, Dec 10- Gold got off to a shaky start on Tuesday after gaining 1 percent in the previous session, as investors turned their attention to a Federal Reserve policy meeting next week that could provide clues on the outlook for the bank's stimulus. *Spot gold had fallen 0.2 percent to $1,237.94 an ounce by 0020 GMT.
TOKYO, Dec 10- Stocks edged up in early Asian trade on Tuesday, while tighter money market conditions in the euro zone drove the euro close to a five-year peak against the yen and a six-week high against the dollar. The euro bought 141.90 yen, approaching its October 2008 high of 142.00 yen.
*Indonesia tin shipments up 28 percent in November. *Indonesia seeks way around ore export ban. Investors have become increasingly concerned about the proposed ban due to start next month on ore exports from top nickel producer Indonesia, despite signs that there may not be a complete cut-off in shipments.
LONDON, Dec 9- Gold edged up on Monday as the dollar eased and investors assessed whether last week's better-than-expected U.S. jobs number was robust enough to lead the Federal Reserve to start withdrawing monetary stimulus soon.
LONDON, Dec 9- When the Afghan government used mobile phones instead of cash to pay some of its policemen, the officers thought they'd just had a 30 percent pay rise.
*E&P spending to rise more than 7 pct in North America. The Big Oil companies-- Exxon Mobil Corp, Chevron Corp, Royal Dutch Shell Plc and Total SA and BP Plc-- though not targeted by activist investors are also under pressure to boost returns.
LONDON, Dec 9- Gold was steady on Monday as the dollar eased and investors assessed whether last week's better-than-expected U.S. jobs number was robust enough to lead the Federal Reserve to start withdrawing monetary stimulus soon. "Clearly the overall tapering is reflected in the gold price," Credit Suisse analyst Karim Cherif said.
Dec 9- Dairy products producer WhiteWave Foods Co said it would buy organic food brand Earthbound Farm from investors including private equity firm Kainos Capital for about $600 million to expand its offerings of organic products. Earthbound Farm produces packaged salads and organic fresh and frozen fruits and vegetables, as well as dried fruits and snacks.
Dec 9- Oil and gas companies will spend about $723 billion on exploration and production in 2014, an increase of 6.1 percent from 2013, Barclays Bank said in a report on Monday. E&P spending outside North America is likely to increase 6 percent to a record $524 billion in 2014, a smaller increase than the 10 percent rise this year, Barclays said.
LONDON, Dec 9- Gold was little changed on Monday as the dollar eased and investors assessed whether last week's better-than-expected U.S. jobs number was robust enough to lead the Federal Reserve to start a withdrawal of stimulus soon. "Clearly the overall tapering is reflected in the gold price," Credit Suisse analyst Karim cherif said.
LONDON, Dec 9- European and Asian share markets rose on Monday, lifted by upbeat Chinese trade data and cautious optimism that the world's economy and markets can cope with a gradual withdrawal of U.S. stimulus. In Tokyo, the Nikkei climbed 2.3 percent and was fast approaching last week's peak at 15,794, leading a broad rise in Asian markets.
SINGAPORE, Dec 9- Brent crude oil futures held near $112 a barrel on Monday, underpinned by upbeat economic data from the United States and China, the world's first and second largest oil consumers. Brent crude oil futures had edged up 12 cents to $111.71 a barrel by 0615 GMT, after rising more than $1 in the previous session.
*Asian markets look well placed in wake of Wall St gains. SYDNEY, Dec 9- Asian markets were poised to move higher on Monday, energised by a potent cocktail of upbeat Chinese trade data, a weaker yen and a firm finish on Wall Street.
Bob Diamond is making a dramatic return to banking, launching a vehicle with Africa's youngest billionaire. The Financial Times reports.
Goldman Sachs may be one of the last firms standing as a rocky romance between Wall Street and raw material markets turns sour.
NEW YORK/ LONDON, Dec 6- Just over three decades ago, Goldman Sachs bought a niche coffee-and-gold trading firm called J. Aron& Company, becoming one of the first banks to enter the commodity markets. On Thursday, Deutsche Bank, one of the five biggest players of the past decade, said it would quit commodities trading under regulatory pressure, cutting 200 jobs.
RUGAO, China/ SINGAPORE, Dec 6- Deserted flats and boarded-up shops in the Yangtze river town of Changqingcun serve as a blunt reminder of the area's reliance on China Rongsheng Heavy Industries Group, the country's biggest private shipbuilder. Rongsheng lost an annual record 572.6 million yuan last year, and lost 1.3 billion yuan in the first half of this year.
Kevin Gardiner, chief investment officer for Europe at Barclays Wealth and Investment Management, says economic data from the U.S. is still not strong enough to lead the Federal Reserve to start tapering its asset purchases this year rather than next.
LONDON, Dec 5- Investors continued to turn their backs on commodity exchange traded products in November with some $2.1 billion in global outflows, capping a dismal year for the gold-dominated asset class which has lost out to a rally in equities.