Page 28 - Eric Onstad News Today

Commodities-related revenue at the world’s 12 biggest investment banks surged by 85% last year compared to 2019 as oil and metals trading made further strong gains, consultancy Coalition said. Commodities revenue at the 12 banks climbed for a third successive year after several years of declines, hitting its lowest for more than a decade in ...

Trade unions in Britain said they will meet with officials from British tycoon Sanjeev Gupta's Liberty Steel on Tuesday to seek assurances about jobs after a major financial backer went into administration.

Commodities-related revenue at the world's 12 biggest investment banks surged by 85% last year compared to 2019 as oil and metals trading made further strong gains, consultancy Coalition said on Friday.

The intelligence sharing alliance known as Five Eyes should forge ties with Greenland to boost supplies of critical minerals and cut dependence on China, a think tank said on Thursday. ... | March 9, 2021

By William Schomberg LONDON (Reuters) – Finance minister Rishi Sunak will promise on Wednesday to do “whatever it takes”, including a five-month extension of Britain’s huge jobs rescue plan, to steer the economy through what he hopes will be the final months of COVID restrictions. Sunak has already racked up Britain’s highest borrowing since World War Two and will turn to the bond markets again in his budget speech, saying the task of fixing the public finances will only begin once a ...

Aluminium prices pushed towards recent highs on Wednesday on worries that biggest producer China may curb output to meet its ambitious goals to slash greenhouse gases.

By Reuters Staff 4 Min Read (Reuters) - Miners are seeking to take advantage of a jump in the prices of many rare earth elements, needed for permanent magnets used in low-carbon technologies as well as myriad other applications such as weapons systems. Aerial view of the Kringlerne rare earth deposit, where the project is lead by Australian mining company Tanbreez, near the town of Narsaq in southern Greenland, in this undated 2015 handout photo. Tanbreez CEO Greg Barnes/Handout via REUTERS ...

MILAN (Reuters) - European Union countries presenting plans to speed-up rollout of high-speed telecoms network should comply with rules aimed at protecting

(Updates prices) LONDON, Feb 26 (Reuters) - Copper retreated on Friday after touching successive multi-year peaks, falling more than 3% as risk-off sentiment hit wider financial markets after a spike in bond yields. Three-month copper on the London Metal Exchange (LME) had slumped 3.8% to $9,056 a tonne by 1715 GMT, having hit multi-year peaks in six consecutive sessions. On Thursday, LME copper hit its highest since August 2011 at $9,617 a tonne, 5.6% short if its record high of $10,190 in Feb...

Two commodities brokers say data the London Metal Exchange is using to support its proposal to shut its trading floor for good exaggerates the increase in the use of electronic platforms during coronavirus lockdowns.