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Posts Tagged ‘commodity’

Olam, Noble drop as commodity prices tumble

February 5th, 2010 | No Comments

Shares of Olam International dropped as commodity prices tumbled on concern that rising job losses in the US and mounting debt in Europe will slow economic growth and curb deman for raw materials, reported Bloomberg.

Olam, a supplier of agricultural commodities, dropped 4.2% to $2.27. Noble Group, a Hong Kong-based commodities supplier, declined 4.5% to $2.79.

The Reuters-Jefferies CRB Index of 19 raw materials including corn and copper fell 2.6% in New York yesterday, the biggest drop since Aug 14.

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Commodity shippers: Bulk carriers to shake off oversupply blues and ride BDI recovery

January 25th, 2010 | No Comments

As Asia bounces back from the financial crisis, demand for iron ore and coal used in civil engineering projects, car manufacturing and new apartments in China and India is returning. The Baltic Dry Index (BDI), a measure of global freight rates, is up about 6% since Christmas on rising demand for bulk carriers to transport dry cargoes. With the outlook brightening for bulk carrier operators, this could be a good time to pick up stocks in the sector.

Wilmar, Noble top commodity picks for Nomura

December 11th, 2009 | No Comments

Singapore’s agricultural commodity plays have enjoyed a stellar run this year but investors may need to be more choosy next year, says Nomura.

“We may not see a repeat of the all-inclusive outperformance over the next year, and hence would advise investors to be stock specific in their approach,” says Nomura.

The brokerage says Wilmar International looks like a good bet for its franchise model, leadership in existing businesses and strong earnings support.

“I’ve Always Been Convinced that the Exchange Stabilization Fund is Involved in Stock [and] Commodity Transactions by Manipulating Price”

November 8th, 2009 | No Comments

I’m reading Ron Paul’s book “End the Fed”, which is chock full of good quotes.This one caught my eye:I’ve always been convinced that the Exchange Stabilization Fund is involved in stock, commodity, and currency transactions by manipulating price.As pa…

High-End Brand Publishers Need to Sell Scalable Premium Ad Solutions, Not Commodity Ad Space

October 26th, 2009 | No Comments

Newspaper online advertising has not benefited greatly from the recent upswing in online ad spending, according to the New York Times and most of the recent newspaper company quarterly results. This is no surprise because most newspaper websites sell SPACE for commodity advertising — display ads and classifieds — and thus are hard pressed to [...]

China Threatens to Rescind Commodity Derivatives

September 1st, 2009 | No Comments

I have repeatedly argued that credit default swap contracts be rescinded because they are continuing to drag the economy down the drain. Nobel-winning economist Myron Scholes pretty much agrees.This advice has been ignored by the powers-that-be in the …

CWT surges 58% in 1H earnings to $17.9m

August 5th, 2009 | 2 Comments

CWT, one of the leading logistics players in Asia, says it posted a 58% jump in net profit attributable to shareholders to $17.9 million for the six months ended June 30, 2009 (1HFY2009).

Revenue remained stable at $300 million, while earnings surged 58% to $17.9 million, mainly driven by higher contribution from the warehousing segment and the soft commodity logistics business in Europe. The soft commodity logistics business was acquired in late 2008 and mainly involves cocoa, coffee and groundnuts.