Archive | funds

Commodity News Brief

IBA net surges International Bank of Asia (IBA), one of Hong Kong’s smallest listed lenders, said yesterday its first-half profit nearly quadrupled as it set aside less money for bad loans amid the city’s economic recovery. IBA, which is 75-per-cent owned by Taiwan’s Fubon Financial Holding Co, reported net profit of HK$198.84 million (US$25.5 million), […]

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Chinese Puzzle

Chinese Puzzle

China’s hopes of avoiding overheating in its booming economy wavered. Consumer prices grew by 5% in the year to June, after increasing by 4.4% in May, but the country’s burgeoning rate of growth slowed. GDP in the second quarter grew by 9.6% over the year, down from 9.8% in the first quarter. Analysts had expected […]

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From alpha to omega

From alpha to omega

From The Economist print edition The rush into hedge funds is pushing down returns A GENTLE stroll around St James’s, the nice part of London in which The Economist is based, and Mayfair, a little to the north-west, reveals to those with an eye for such things the changing face of the world’s financial-services industry. […]

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HCL Deploys 500 VSATs in 75 Days

National Commodity and Derivatives Exchange (NCDEX), India’s leading commodity exchange, has achieved a milestone by deploying 500 VSATs across 127 centers in the country, enabling more than 250 NCDEX members to undertake online commodity trading. HCL Comnet set up the VSAT network for this endeavor. The VSAT network was set up in just 75 days, […]

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$100 million fine set in futures fraud case

By Ann Saphir International Financial Services LLC and International Financial Services Inc., of New York, were ordered to pay $100 million for defrauding currency futures investors, the Commodity Futures Trading Commission said. John Walker Robinson, former IFS president, and Chan Kow Lai, an IFS director, were also “personally liable for the wrongdoing,” Judge Gerard Lynch […]

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Oil propels commodity prices to record highs: ScotiaBank

Investment Executive Staff The overall prices of Canada’s commodity exports hit a record high last month, powered by oil, the Bank of Nova Scotia reported today. The bank’s monthly commodity price index of price trends in major exports jumped in April by 3.1% over March and by 25.8% over April 2003. “Commodity prices have spurted […]

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A Gold Stocks Review and Trading Approach

by Bill Cara for the Trader Wizard With gold bullion up about US$6.40 to about 385 on Friday, and it being Victoria Day (the Queen Mum’s birthday) tomorrow, which in Canada is celebrated with the summer season’s first long weekend (and no trading Monday), I got to thinking of doing an update on gold stocks. […]

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Commodity stocks dive on rate fears

Anthony Tran and Gladys Tang With Chinese inflation rising at the fastest pace in seven years, commodity stock prices began to fall sharply yesterday amid concerns that Beijing would take measures to seriously slow down the economy. Investors are increasingly worried that if China – now the world’s largest consumer of many raw materials – […]

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This Week’s Splash and Crash of Commodity Prices

Bill Cara for the Trader Wizard Commodity prices, like the metals group, are mostly the product of economic supply and demand factors – longer term. But like all capital markets prices, they are materially affected in the short-term by fear and greed emotions. They are also a reaction to interest rates. This week, we have […]

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