London | Reuters — Barclays will quit most of its commodities trading businesses, joining a broader retreat by banks as profits tumble in the face of tougher regulation. The British bank’s exit means three of the top five banks in commodities have significantly reduced or shuttered their natural resource trading arms since last summer, with […] Read more
Barclays joins retreat from commodities as new rules bite
Marubeni says will exclude Gavilon energy arm in takeover
Japanese trading house Marubeni Corp. said it will cut Gavilon’s energy business out of its planned takeover of the U.S. commodity merchant, reducing the size of the transaction to US$2.6 billion plus debt. The trading company said in a statement on Monday it had modified the terms of the acquisition that was originally valued at […] Read more
Funds’ commodity holdings could hit $500 billion
(Reuters) –– Commodity investments could near half a trillion dollars by the end of 2011 as the return of $100 oil and a broad-based rally heighten interest in the asset class to levels not seen since 2008. But the wave of money now hitting commodities is more sophisticated and discerning than its predecessor three years […] Read more
Cyber-Savvy Farmer
