China has approached foreign banks and gold producers to participate in a global gold exchange in Shanghai, people familiar with the matter said, as the world's top producer and importer of the metal seeks greater influence over pricing.
The advent of electronic trading brought an infatuation with for-profit exchanges, while Dodd-Frank brought hope of regulatory protection for the little guys. Neither delivered in 2013 — will 2014 be any different?
The petroleum market is trying to assess the impact from emerging issues in emerging markets and rising U.S. oil production ahead of Ben Bernanke's last Fed meeting and ahead of the President's State of the Union address.
The market now is worried about the pace of Fed tapering. The movement normally would be supportive of oil as more stimulus and a weaker dollar should support, yet a nuke deal with Iran is raising concerns of an over-supplied market.
Tesla could represent a future where our energy mix will be shuffled up. Not only will we be driving electric cars but also natural gas. We will have a choice at the pump and not just premium or regular.
Warehousing is the Siberia of the commodities trading world, or so it was thought. Wall Street has awoken that sleepy area to extract profit, delay delivery and it appears, push up the price of the commodity it holds.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon won approval from investors to keep his chairman title in preliminary voting ahead of today’s shareholder meeting, according to two people with knowledge of the tallies.