Archive | December, 2004

Gulliver’s China and the Tao of 2004

By Edward C. Lanfranco – Beijing, China, Dec. 30 (UPI) — The Taoist symbol of a circle divided by a half black, half white, swirl representing yin-yang forces of dark and light aptly describes the situation in the People’s Republic of China during last year. China glittered on the world stage as a rising economic […]

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Brazil’s top diplomat fills out the plot line

His strategy wins nation clout on the global stage BRASÍLIA Foreign Minister Celso Amorim, a cinema buff and former movie producer, likes to go over a script in his mind of Brazil’s future. In it, Brazil shakes its postcolonial insecurity and takes the helm of South America to the United Nations, where it lands a […]

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Asia commodity flows unhindered by tsunami

By Robin Paxton and Sambit Mohanty – SINGAPORE, Dec 28 (Reuters) – Shipments of oil, metals and agricultural products around the Indian Ocean have escaped most of the devastation wreaked by an earthquake and tsunami that killed more than 28,400 people across Asia. Well-protected ports and oil refining operations have been largely unaffected, while major […]

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BM&F launches news contracts indexed to IPCA

The Brazilian Mercantile & Futures Exchange (BM&F) announced on December 16th the launching of two new products indexed to IPCA – Índice Nacional de Preços ao Consumidor Amplo (Extended Consumer Price Index): IPCA Futures Contract and the ID x IPCA Spread Futures Contract. According to BM&F’s Chairman, Mr. Manoel Felix Cintra Neto, the new contracts […]

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Hedge Fund Managers see upside for Commodities in 2005

WEST PALM BEACH, FL (www.HedgeCo.Net) – Hedge Fund Managers see increased prospects for prices of industrial commodities in 2005, a continuation of the trend seen in 2004. Fund manager Tony Frizelle, of Resource Management & Finance at the Minesite Mining told a Forum in London that “The long-term trend will be upwards, although there will […]

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Chinese buy boosts price of soybeans

Soybean prices in Chicago rose Monday after China, the largest foreign buyer of U.S. supplies, made a purchase of more than 100,000 tons for the second time this month. U.S. exporters reported sales of 118,000 metric tons of soybeans to China, the U.S. Department of Agriculture said. Delivery is for the marketing year that began […]

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Floor trading out, computers in at Winnipeg Commodity Exchange

WINNIPEG – A century of shouting, colourful coats, and specialized hand signals comes to an end Friday at the Winnipeg Commodity Exchange, as computers take over the job of matching buy and sell orders from floor traders. On Monday, Winnipeg will be the first “open outcry” commodity futures exchange in North America to become fully […]

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WCECC Announces New Clearing Firms

December 15, 2004 – WCE Clearing Corporation (“WCECC”) announces that J.P. Morgan Securities Canada Inc. and CIBC World Markets Inc. will become Clearing Participants effective at the beginning of electronic trading on December 20, 2004. WCECC is the designated clearinghouse for Winnipeg Commodity Exchange Inc. and is a wholly-owned subsidiary of WCE Holdings Inc. “We […]

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COMEX gold at 1-wk high early, liquidation fizzles

NEW YORK, Dec 15 (Reuters) – Gold futures rose Wednesday morning after previous fund selling petered out, as the dollar fell on data showing net inflows into U.S. assets were not enough to offset October’s wide current account deficit, traders said. By 10:59 a.m. EST (1559 GMT), February futures were up $5.10 at $442.40 an […]

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Price of commodities could have big impact

By E.S. Browning – It’s unusual in these high-tech times for commodities like oil and copper to roil the stock market, but it happened this year. Those who want to see a strong stock market next year are hoping that has just changed. As the prices of oil, gold, aluminum and other commodities soared for […]

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