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Sumitomo, Barclays eye commodities alliance
- 4 Hours ago
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Sumitomo Mitsui Financial Group Inc. is in talks with Barclays PLC on an alliance to offer commodity derivatives for companies to hedge against rising raw materials costs, the bank's commodity chief said.
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Gold falls as doller gains ground on euro
- 3 Hours ago
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late Thursday in New York. A stronger dollar typically encourages investors to shed hard assets like gold, which is viewed as a safe-haven investment used to hedge against inflation and weakness in the
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Tiscali
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Oil firm near $117 on storm fears
- 3 Hours ago
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That pared Thursday's loss of $2.56, triggered after the US government and the International Energy Agency pledged to release emergency stockpiles if Tropical Storm Gustav disrupted US oil production.
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Copper falls on China demand worry
- 53 Minutes ago
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LONDON: Copper prices slipped on Friday on worries over demand from China, the worldâ??s biggest consumer of the metal, and as London Metal Exchange stocks rose to a six-month high. Copper for delivery
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