Breakingviews
6 Min Read
LONDON (Reuters Breakingviews) - Javier Blas and Jack Farchy should be awaiting the call from Hollywood. “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources” contains at least half a dozen narrative threads that would form the basis of a good thriller. But the authors’ main achievement is to subject the biggest commodity players, and their impact on the real world, to proper critical scrutiny.
An oil tanker is seen at Jose refinery cargo terminal in Venezuela.
It has become a cliché to describe Glencore, Vitol, Cargill and the handful of other major companies that trade oil, metals and food as shadowy, secretive and deceptively powerful. Even so, it’s not always apparent just how large they are. The five largest oil traders handle a quarter of the world’s daily demand for petroleum while the seven top agricultural traders process nearly half of the world’s grains and oilseeds. In 2019 the five largest trading
Investors piling into tech and financial stocks helped equity funds attract $46.2 billion in their third-largest inflow on record in the week to Wednesday while inflation linked bonds also shone, BofA's weekly fund flow data showed on Friday.
Oman will tap local and international debt markets to fill state coffers badly hit by low oil prices and the economic downturn caused by the coronavirus crisis, its state news agency said on Wednesday citing the finance ministry.
By Reuters Staff
3 Min Read
BEIRUT, Feb 23 (Reuters) - The World Bank threatened to suspend financing for Lebanon’s COVID-19 vaccination drive in its second week after it emerged that some lawmakers would get their shots in parliament on Tuesday.
The comments from the World Bank came as frustration grew among some residents and doctors that vaccinations were moving slowly and could be riddled with violations.
Lebanon received its first batch of the Pfizer-BioNTech vaccine - about 28,000 doses - this month with aid from the World Bank, which said it would monitor to ensure the shots go to those most in need.
MSCI’s EM index hits 4-week low, down ~6% this week Rise U.S. Treasury yields benign for EM assets - Barclays S. African rand jumps 1.2%, Turkey’s lira steadies after slide
Feb 26 (Reuters) - Tremors from higher U.S. real yields knocked nearly 3% from emerging market stocks on Friday, setting the benchmark index for its biggest weekly fall since March 2020, while South Africa’s rand gained 1% due to a recovery rally.
Asian bourses fell sharply, with Taiwan, Hong Kong and India shedding more than 3%. Heavyweights South Korea and Mainland China stocks were not far behind.
Turkish stocks hit a one-month low, while South Africa’s main index slid 2%.