Archive | February, 2005

Commodity Prices Rise to 24-Year High as Demand Grows

Feb. 28 (Bloomberg) — Commodity prices surged to a 24-year high, extending a rally that began in late 2001, on signs of growing global demand for everything from energy to metals to crops. The Reuters-CRB index rose as much as 4.54, or 1.5 percent, to 304.77, the highest for the index since February 1981. The […]

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Mixed brew in “The Coffee Trader”

Book review by Ernie Yap – This is a book about coffee (view image) and how it became traded and valued as one of the most popular drinks in the world. Newsrooms, classrooms, boardrooms, hospitals, office complexes, and whole governments today would be a lot drowsier and more slow-moving without it. It is almost apt […]

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BM&F’s Board of Governors approves spot dollar pit

BM&F’s Board of Governors approved on February, 16th the implementation of the spot dollar pit at the Exchange’s trading floor. The model that was accepted by the Board of Governors is a negotiation system linked directly to BM&F’s Foreign Exchange Clearinghouse. This initiative complements the product offers related to foreign exchange at BM&F – the […]

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Online forex trading seen soaring by 2007 – U.S. study

NEW YORK (Reuters) – Foreign exchange trading through Internet-based or electronic systems is expected to grow sharply by 2007, according to a study released on Wednesday by research firm Celent Communications. Electronic currency trading is split between the dealer-to-client segment, where banks trade with institutional customers, and the interbank market, where banks trade with each […]

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Missouri Ethanol Plant Begins Production

By Julianne Johnston – The Renewable Fuels Association (RFA) today congratulated the farmer-owners of Mid-Missouri Energy, Inc. (MME) for beginning production at their ethanol plant near Malta Bend, Missouri. “The farmer-owners of Mid-Missouri Energy can be proud to join the fastest growing energy industry in America,” said Bob Dinneen, RFA president. “This ethanol plant will […]

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Red-hot copper market eyes all-time high

LONDON, Feb 18 (Reuters) – World copper prices jumped more than two percent on Friday to reach a new 16-year peak and inch towards a record high of $3,280 a tonne set in 1989. “We have not seen the top of this market yet,” Bache Financial minerals analyst Angus MacMillan said of a price surge […]

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Tokyo Commodity Exchange May Get U.S. Trade Clearance by March

Feb. 17 (Bloomberg) — The Tokyo Commodity Exchange, the world’s second-largest energy and metals futures market, said it may get U.S. government approval by the end of March to sell its products in that country, boosting sales. The U.S. may account for the biggest portion of trade by overseas customers, surpassing the U.K. and Australia, […]

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Sharia law says money cannot be regarded as a commodity

Can money be called a “commodity”? What do Islamic scholars say about this idea? Before we get to these questions, let us briefly go over some important points regarding how Islamic banks differ from conventional banks the whole focus of our ongoing discussion through this column over the past few weeks. An Islamic bank deploys […]

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Former Duke Energy trader pleads guilty

Charge was conducting trades that helped falsify the company’s books A former Duke Energy Corp. trader pleaded guilty to federal charges that he conducted trades that helped falsify the company’s books in November 2001, prosecutors said Monday. Brian Lavielle, who worked in Duke’s trading office in Houston, was instructed by his supervisor to split up […]

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