- Commodities gain on Greek debt deal
22 February 2012, 1:21 am
Commodities markets jumped higher as euro-zone finance ministers approved a second bailout for Greece. Copper, gold and other metals posted gains, while crude oil surged to a nine-month high after European leaders approved a €130 billion ($172 billion) bailout that would allow Greece to avoid defaulting on debt payments due next month. The deal, which requires Greek leaders to implement new mea...Article Link...
- Commodities poised for a new rally
22 February 2012, 1:21 am
The market has had an impressive run since the start of the year, but one sector that has lagged is the commodities sector. Unlike general stocks, commodities are still quite a ways away from their 2011 highs. Recession fears and a surging dollar contributed to the weakness in commodities last year. But a number of factors are starting to show the tide potentially turning for the commodities ...Article Link... - Are commodity merchants "swap dealers" by any other name?
22 February 2012, 1:21 am
Big energy companies like Royal Dutch Shell and commodity merchants like Cargill have a simple argument in pushing back against looming new swap market rules: We're not a bank, so don't regulate us like one. But their efforts to avoid being branded a "swap dealer," a designation that brings with it greater scrutiny and onerous new rules, tend to sidestep the fact that, in one small but ...Article Link... - Are central banks moving the gold market?
22 February 2012, 1:20 am
Central bank purchases, particularly from the official sector in emerging economies, have been the largest single driver of higher gold prices during the past five years. This development is particularly notable as central banks had been net sellers of bullion since the 1980s. We believe central banks from emerging economies have been buying gold to diversify their foreign exchange reserves, whi...Article Link... - Gold to $6,000 plus - eventually - and silver growth even more explosive: McCoach
22 February 2012, 1:20 am
In this next run higher for this year, gold could easily hit $2,500/oz to $3,000/oz, depending on how much QE3 is injected into the system. The more QE3 that is done, the higher the precious metals prices would go. Also, the vacating short situation on the Comex could be a big swing factor. Silver could easily see $70, $75, even $80/oz if these events occur this year as I expect. That's also goi...Article Link... - Strong dollar and profit taking are hurdles to gold rally, buy at $1640-$1670: Barclays
22 February 2012, 1:20 am
Gold has found itself caught between some physical demand support and positively softer investor interest. Gold is in search of its next catalyst, but near term hurdles persist in the form of dollar strength and profit-taking. The minutes from the January US FOMC meeting suggested a subtle shift in the possibility of further near term policy action. While further QE remains a possibility, given t...Article Link... - China to be the biggest gold market in 2012: WGC
22 February 2012, 1:20 am
After trumping down India to become the biggest gold importer in the last quarter of 2011, China is poised to overtake India to become the biggest gold market in 2012, as per the World Gold Council (WGC). "It is likely that China will emerge as the largest gold market in the world for the first time in 2012”, The Guardian quotes Marcus Grubb, WGC's managing director for investment..............Article Link... - In search of silver
22 February 2012, 1:19 am
Silver has been its normal restless self this last year, but holders of silver bullion might not feel adequately rewarded. The metal of the moon has witnessed soaring highs to within touching distance of $50/ounce and two vicious chops, but the silver price crucially sits only a few percent higher than in February 2011. Volatility is part and parcel of silver investment, but silver investors hav...Article Link... - What the Greek bailout means for gold and silver
22 February 2012, 1:19 am
Some investors may feel that the Eurozone debt crisis has been resolved by the bailout from the other E.U. members. Whether it has or has not, is irrelevant to the price of gold, or is it? There are still hurdles in the way, such as the acceptance by private Greek Bondholders of the 53% haircut and low interest rates they will get until 2015. But let's assume the best and believe they'll accept t...Article Link... - Record nickel supply expanding glut thwarts rally: Commodities
22 February 2012, 1:19 am
Mining companies and refineries are producing more nickel than at any time in history, expanding a glut that threatens to reverse this year’s rally. Production will exceed demand by 45,000 metric tons, a 73 percent jump from 2011, Barclays Capital estimates. That’s equal to 46 percent of stockpiles tracked by the London Metal Exchange. Refined output will rise 12 percent, the most in at least eig...Article Link...
- Nuclear operator returns to Japan bond market
22 February 2012, 7:40 pm
Tohoku Electric Power preparing to re-open Japanese bond markets for nuclear power companies, a year after operators were frozen out by Fukushima disaster ... - Shelling out for Cove
22 February 2012, 7:40 pm
Gas and oil major is offering a 73 per cent premium to Cove’s undisturbed price but the prospects for the deal make this decision defensible ... - Dragon Oil seeks assets
22 February 2012, 7:40 pm
The oil producer, which last week made an approach for the Africa-focused explorer Bowleven, is looking for places to park its cash ... - Wells buys BNP energy loan portfolio
22 February 2012, 7:40 pm
The largest US bank by market capitalisation has agreed to purchase .5bn in loans from the biggest French lender by assets ... - US to probe Cobalt oil links in Angola
22 February 2012, 7:40 pm
The group said in a regulatory filing that regulators had issued notice of an investigation in November relating to its operations there ... - Colombian Pipeline Halted By Bombing
22 February 2012, 7:40 pm
Pumping has been halted at Colombia’s second-longest pipeline, the Cano Limon, after several bombings by leftist guerrillas in recent days, according to an official at national oil company Ecopetrol. ... - Shell Details Theft Losses Of Nigerian Delta Crude
22 February 2012, 7:40 pm
U.S. petroleum company Shell Oil says Nigeria loses an estimated 150,000 barrels of crude oil each day because of theft in the Niger Delta region. ... - Bolton Selectmen Consider 2 Solar Energy Projects
22 February 2012, 7:40 pm
If two local projects get the go-ahead, Bolton could end up basking in economical and sustainable solar power for the foreseeable future. Selectmen Feb. 9 heard proposals from the town Energy Committee, which wants to build a small municipal photovoltaic array on town-owned land, and from Renewable Energy Massachusetts, LLC, which wants to lease land from Davis Farm Trust, owner of Bolton… ... - Democrats Urge Obama To Tap Oil Reserve As Industry Promotes Conservation
22 February 2012, 7:20 pm
President Barack Obama should release crude from the Strategic Petroleum Reserve to stem rising gasoline prices, three U.S. House Democrats said, as the energy industry urged drivers to conserve to cut their bills. ... - Nigeria Renews ExxonMobil Oil Licences For 20 Years
22 February 2012, 7:00 pm
Nigeria has renewed oil licences which will let US energy giant ExxonMobil operate three big fields that produce about 500,000 barrels of crude a day for 20 years, the government said on Wednesday. ...
- India castor seed production to rise in 2011 12 on higher acreage
22 February 2012, 12:00 am
India's castor seed production for 2011-12 is expected to rise to around 16.19 lakh tons (1.6 million tons) from 8.6 lakh tons (0.8 million tons) on higher crop acreage, according to Solvent Extractors Association of India (SEAI).... - India gold ETF demand doubles in 2011
22 February 2012, 12:00 am
India's love for gold has now shifted to paper rather than physical as Gold ETF demand surged by 100% last year, driven mainly by corporate and SME buying.... - Rising natural rubber demand to keep global prices up
22 February 2012, 12:00 am
Rising demand for natural rubber from tyre makers amid declining production in top producing countries may keep the global price up in the coming days.... - India cardamom is short term bullish on export demand
22 February 2012, 12:00 am
On the back of superior quality and export demand, cardamon futures at India's Multi Commodity Exchange, for March delivery has risen 17.28% to Rs 828.10 in February till date.... - India's Iran oil imports at risk due to EU ban on shipping insurance
22 February 2012, 12:00 am
India's crude oil imports from Iran is facing a risk of potential disruption as increasing US and EU sanctions make it impossible for Indian ships to obtain insurance.... - India's rice procurement crosses 25mn ton mark
22 February 2012, 12:00 am
India's rice procurement in the Kharif marketing season 2011-12 has crossed 250 lakh ton ( 2,50,24,200 ton) mark as of 22nd February 2012, according to Ministry of Agriculture.... - MCX IPO: A golden opportunity for investors
22 February 2012, 12:00 am
The MCX IPO is a golden opportunity for Indian investors to acquire a strong company at an attractive valuation, says an Angel Commodities report which goes on to advise investors to subscribe to the issue.... - India's economy is expected to grow to 8% during 2012 13: PMEAC
22 February 2012, 12:00 am
India's economy for 2012-13 is likely to grow in the range of 7.5 to 8%, while inflationary pressure is expected to ease through 2012-13 and will remain around 5-6%, according to Prime Minister's Economic Advisory Council (PMEAC).... - Global coffee consumption rises 2% to 136 5mn bags in 2011
22 February 2012, 12:00 am
On the back of rising number of consumers in the coffee growing countries, the brew consumption rose 2% to 136.5 million bags in 2011from 135 million bags pervious year, according to International Coffee Organisation (ICO).... - Copper up on stronger China PMI
22 February 2012, 12:00 am
Copper futures are trading up on Wednesday on the back of a stronger Chinese PMI. MCX copper February month contract is trading at Rs 417.00 after opening at Rs 416.00, up 0.31% in morning trade. COMEX copper March contract is also up marginally....
- Ascend Analytics Posts a Big Year
16 February 2012, 10:43 pm
Ascend Analytics discussed their 2011 results recently, noting that the company enjoyed a record year of “30% growth”, seeing increases in both revenues and new client signings on a year over year basis. According to Gary Dorris, Ascend’s CEO, the fourth quarter was particularly strong, with the signing of several very large clients including PPL [...]... - Leaders in CTRM Technology – Dr. Markus Seiser, OLF/IRM
16 February 2012, 3:17 pm
Continuing our series of conversations with CTRM industry leaders recorded at E-World in Essen last week… In this episode, we meet up with Dr. Markus Seiser, CEO of IRM and a managing director with OpenLink. Dr. Seiser discusses IRM’s role in the market, both as a CTRM offering and as an optimization platform. He also [...]... - More Year End Results – Aspect Enterprise Solutions
16 February 2012, 2:58 pm
Aspect recently sent out a press release discussing their 2011 results… As those familiar with the company know, Aspect is one of a very few companies in this space that deploy their solutions almost exclusively via Software-as-a-Service (SaaS), a model that allows them to reach buyers in the mid and lower tiers of the market [...]... - Deloitte Cyber Threat Risk Management Point of View Helps Corporate Boards Tackle the Question: “Could This Happen to Us?”
16 February 2012, 9:35 am
New York, February 15, 2012 — Alarmed by a proliferation of cyber attacks on high-profile businesses, many boards of directors are asking their executive teams one question: “Could it happen to us?” Unfortunately, at most companies, the short answer may well be that it is already happening. And the end result could be devastating. From [...]... - Allegro Discusses 2011 Results
15 February 2012, 4:47 pm
According to a just issued press release from Allegro, the company saw a greater than 60% year-over-year growth in software license revenues, with a 50% year-over-year increase in new customer signings from 2010 to 2011. The press release names several of those new clients including Saudi Aramco, Capital Power, PAA Natural Gas Storage, EPIC Aviation [...]... - Strong Growth for Allegro in 2011
15 February 2012, 10:07 am
Allegro Development reports 50% increase in new customers and 62% increase in license revenue for ETRM software DALLAS, TX, February 15, 2012 – Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today its fiscal year 2011 business results, reporting strong revenue growth and a substantial increase in new [...]... - Deloitte – The New EU Regulations: Are You Prepared?
15 February 2012, 10:01 am
February 14, 2012 | Lauren LaFronz The 2,000 page Dodd-Frank Act is the US government’s response to the financial crisis. While it was signed into law well over a year ago, the finer points are still being negotiated, clarified by lawyers, and challenged by Wall Street players. For energy and commodity firms operating in Europe, this is [...]... - SunGards Ambit Asset Liability and Liquidity Risk Management Solution Selected by Financial Services Company
15 February 2012, 9:52 am
February 14, 2012 — Berlin SunGard’s Ambit Asset Liability Management (ALM) solution has been selected by Daimler Financial Services, a leading financial services provider. Ambit ALM will help Daimler Financial Services establish integrated and standardized methodologies for ALM and liquidity risk management across its global operations and comply with global regulations such as Basel III. [...]... - Contigo Update from E-World
14 February 2012, 8:42 pm
In this video, recorded in Essen Germany, we sat down with David Calmonson of Contigo to discuss the company’s growth in 2011. David also discusses Contigo’s efforts in expanding their product capabilities and also their geographic reach to areas outside of the UK and Europe.... - A Conversation with Gavin Lavelle, CEO of Brady PLC
11 February 2012, 1:57 am
We spoke with Gavin Lavelle, Brady PLC’s CEO, regarding the company’s recently announced acquisition of Navita and Syseca. This conversation was recorded at E-World in Essen Germany on February 7, 2012....
