Archive | October, 2005

Botswana to Bring De Beers Gems Back Home

By Emma Muller – ANTWERP (Business Day) — In a historic turn for the industry, the world’s largest diamond producer by value has broken De Beers’ control over the distribution of 50% of the world’s diamonds by bringing its diamonds back home. In a move that marks the end of an era in which African […]

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Weekly Energy Report

Crude Oil struggled to find direction this week as neither support nor resistance was broken. We failed to se a continuance of the previous weeks dip below 60.00 a barrel and the mixed API data did little to clarify future expectations. Many analysts were surprised (more…)

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LME confirms steel plans

By Maria Silander – The London Metal Exchange yesterday confirmed that it plans to create steel price indices as a first step in establishing futures contracts for the metal. The futures may be introduced in a year’s time. The LME, the world’s largest metals bourse, wants to start six indices, according to Simon Heale, chief […]

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Cattle Groups Support Ultimatum On Japanese Beef Trade

FORT WORTH, Texas, Oct. 27, 2005 – Two major Texas beef groups expressed strong support today for bipartisan legislation that calls on Japan to open its borders to U.S. beef by Dec. 15 or face stiff economic sanctions. Senators Kent Conrad (D-N.D.) and Pat Roberts (R-Kan.) introduced the legislation in order to jump-start a process […]

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Bible speaks of money matters

By Brian Hoops – No matter your religious beliefs, have you ever wondered what the greatest book ever written says about money and investing? Did you know there are over 2,350 verses in the Bible that deal with money and possessions? Farming and agriculture were a way of life for many nations in the Bible, […]

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Rogers fights back by suing Refco

NEW YORK — Investment guru Jim Rogers suffered a black eye in the Refco Inc. collapse, but he’s now taking some swings of his own. Rogers, who came to prominence in the 1970s as a co-founder, with George Soros, of the Quantum Fund, was dragged into the bankruptcy of commodities brokerage Refco after two funds […]

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The squeeze is on

Hurricane Wilma could batter Fla.’s oranges, meaning higher juice prices By Joseph R. Perone – Hurricane Wilma could further damage the orange juice crop in Florida this weekend and boost prices at your breakfast table during the next few months, analysts said. (more…)

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Is the Day Nigh for Silver Bulls?

By Jon A. Nones – St. LOUIS (ResourceInvestor.com) — In a recent policy statement, the Silver Users Association (SUA) urged the Securities and Exchange Commission (SEC) to stop Barclays from creating a silver backed Exchange Traded Fund. “The Silver Users Association opposes the creation of a silver ETF because of the concerns that doing so […]

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CBOT Begins Trading on the NYSE

An archived broadcast will be available later in the day of CBOT Chairman Charles Carey and President/CEO Bernard Dan ringing the opening bell at the NYSE to commemorate the first trade of our common stock on the NYSE at 8:25 a.m. Chicago time . Last night, the initial public offering of 3,191,489 shares of Class […]

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