26 Financial Times - Commodities News And Market Data



Financial Times - Commodities News And Market Data



Money, Economy, Finance, Fiscal Matters, Mutual Funds



Glencore and Xstrata agree $90bn deal
Investment groups Standard Life and Schroders led a backlash against the proposed $90bn tie-up between Glencore and Xstrata

Strong currencies hurt commodity producers
Viewed from the perspective of the Aussie dollar, rand, real or rouble, the markets are moving in a different direction

Italy hit by shortage of Russian gas
Cold weather and reductions in supplies from Europe have put strain on the gas systems across the continent

Saudis risk Iranian anger over crude flow
European refiners have started to cut reliance on Iran oil ahead of embargo deadline, halting spot purchases or stopping all trade

Brent crude oil breaks three-month high
Cold winter weather in Europe and Russia and production problems in Africa help push up price but US benchmark fails to see similar uplift

Shipowner pays Glencore to use vessel
An agreement to pay to carry grain from Japan via Australia to Europe highlights the depth of slump in the dry bulk shipping rate

Anadarko shows exploration programme success
Oil company booked 392m barrels of oil equivalent to its reserves last year, equivalent to 159 per cent of its production

Glencore to pay premium for Xstrata deal
Investors in Xstrata would receive 2.8 Glencore shares for every share in the mining group they hold

Sudan rebels signal Chinese hostages’ release
Insurgents who kidnapped 29 road builders from the South Kordofan state last month say they will be released ‘in the very near future’

Randgold to spend $1bn developing mines
Gold miner seeks to double dividend as increased production of the precious metal combined with high prices more than trebled annual profits