Category Archives: Glencore

New Trump Executive Order Targets Clinton-Linked Individuals, Lobbyists And Perhaps Uranium One

By silveristhenew | Published December 27, 2017

The Trump Administration quietly issued an Executive Order (EO) last Thursday which allows for the freezing of US-housed assets belonging to foreign individuals or entities deemed “serious human rights abusers,” along with government officials and executives of foreign corporations (current or former) found to have engaged in corruption – which includes the misappropriation of state assets, the expropriation of private assets for […]

Also posted in Apple, Bill Clinton, Boeing, Central Intelligence Agency, Clinton administration, Clinton Cash, Clinton Foundation, Clinton Library, Corruption, Corruption in Uzbekistan, Department of State, Department of the Treasury, Donald Trump, DRC, Economy, FBI, Federal Bureau of Investigation, Federal Government, gps, Gulnara Karimova, John McCain, John Podesta, national security, New York Times, News leaks, None, Obama Administration, Office of Foreign Assets Control, Politics, Rodham family, South Sudan, Treasury Department, Trump Administration, U.S. Justice Department, Uranium, Uzbekistan, whistleblowing | Tagged france, government | Comments Off

Paradise Papers: Massive New Leak Exposes Tax-Haven Secrets, Links Wilbur Ross To Russia

By silveristhenew | Published November 5, 2017

One year after the Panama Papers revealed billions in assets are held in offshore "tax haven" accounts by some of the world's most powerful and wealthy individuals, on Sunday a huge new leak of financial documents disclosed by the International Consortium of Investigative Journalists (ICIJ) – a global network that won the Pulitzer Prize this […]

Also posted in "tax haven", Apple, Australia, Barack Obama, Brazil, business, Canadian Liberal Party, caribbean, China, Commerce Department, congress, Conservative Party, Copper, Department Of Commerce, Department of Justice, Department of State, Department of the Treasury, dom, Donald Trump, Economy, European Parliament, Gambling, George W. Bush administration, Hong Kong, House of Lords, International Consortium of Investigative Journalists, International taxation, Israel, Latin America, Lehman, Lehman Brothers, Liberal Party, Lithuania, Man government, Natural Gas, NBC, News leaks, Newspaper, office of Government Ethics, Offshore finance, Offshore financial centre, Panama Papers, Private Equity, Putin’s government, recovery, Richard Blumenthal, Russian government, Securities and Exchange Commission, senate, Sibur, Tax avoidance, Testimony, Transparency, Treasury Department, Trudeau, Trump Administration, Trump’s Cabinet, Twitter, U.S. Department of Justice, UN General Assembly, United Kingdom, US government, Vladimir Putin, Washington University in St. Louis, White House, Wilbur Ross | Comments Off

Nickel Price Surging As Hype Escalates During LME Week

By silveristhenew | Published November 1, 2017

It’s LME Week and there’s cause for celebration in metal markets. European mining stocks rose to a 4-year high as the nickel price surged more than 5% intraday to a two-year high and rose by the daily limit in Shanghai trading today. Metals used in electronic vehicles, like lithium, cobalt, copper and nickel, are hot […]

Also posted in battery, business, Capital Markets, Chemical elements, Cobalt, Copper, Dietary minerals, Electromagnetism, Ferromagnetic materials, matter, McKinsey, nickel, Trafigura, Transition metals | Comments Off

The Real Story Behind Goldman’s Q2 Trading Loss: How A $100M Gas Bet Went Awry

By silveristhenew | Published August 18, 2017

Goldman Sachs FICC-trading income was an unexpectedly ugly blemish on what was already a poor Q2 earnings report. And while the FDIC-backed hedge fund initially blamed the decline on lower trading revenues, lack of volatility and depressed client activity… … there was more to the story. The Wall Street Journal has uncovered what really happened: […]

Also posted in business, Chesapeake Energy, Counterparties, Economy, Economy of New York City, Economy of the United States, Exxon, ExxonMobil, fdic, Lloyd Blankfein, Natural Gas, Natural Gas Intelligence, Ohio, Rockefeller Center, Rockefeller family, Standard Oil, Subprime mortgage crisis, US Federal Reserve, Volatility, Wall Street Journal, White House | Tagged goldman sachs | Comments Off

Here’s How Government Pension Funds Are Trying To Close Their $7 Trillion Funding Gap

By silveristhenew | Published August 16, 2017

Authored by Simon Black via SovereignMan.com, There may perhaps be no other group of investors that’s more DESPERATE today than pension funds. Pensions, of course, are the giant funds responsible for paying out retirement benefits to workers. The idea is that both the employer and the employee typically contribute a set percentage of the employee’s […]

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WTI/RBOB Mixed After Biggest Crude Draw Since 2016, Production Hits 21-Month Highs

By silveristhenew | Published June 1, 2017

Oil prices have roller-coastered since last night's API report of the biggest crude draw since September (hurricane-impacted), but kneejerked higher after DOE confirmed a big crude draw (though less than API), the largest since Dec 2016 and 8th weekly draw in a row. Distillates saw a surprise build, crude exports hit a record high, and […]

Also posted in API, business, Commodity markets, Crude, Distillates, Economy, Oil fields, OPEC, Organization of Petroleum-Exporting Countries, petroleum, Petroleum (Industry), Price Of Oil, pricing, Twitter, U.S. Gulf Coast | Comments Off

Frontrunning: May 24

By silveristhenew | Published May 24, 2017

Trump Meets With Pope Francis After Policy Clashes (WSJ) Fed Minutes to Offer Clues on Debate Over Path of Rate Increases (WSJ) Manchester bomber had ‘proven’ links to Islamic State (Reuters) U.K. Chides U.S. for Leaking Manchester Bombing Probe Details (BBG) Manchester Bomber, Salman Abedi, Is Thought to Have Traveled to Syria (NYT) ‘No defeat, […]

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European Stocks, Futures Rebound As Stronger Dollar Eases Haven Demand

By silveristhenew | Published April 19, 2017

European stocks rebounded after the biggest one-day drop since November, alongside S&P futures, while Asian equities posted modest declines after yesterday’s weak US close. Gold and yen slid, while the dollar gained on the latest Mnuchin comments to the FT according to which Trump was “absolutely not” trying to talk down the dollar. European equities […]

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Markets In 2016: Winners & Losers

By silveristhenew | Published December 30, 2016

As 2016 comes to a close, Reuters has compiled a list of the biggest winners and losers of the year from across the globe. Of course, after global equities started out the year on a weak note, in the closing weeks of 2016 computer algos investing professionals have rarely seen a stock they didn’t want to […]

Also posted in alternative currencies, Baseball Hall of Fame balloting, Bitcoin, Bond, business, China, cryptocurrencies, Currency, Currency symbols, Deutsche Bank, Donald Trump, Donald Trump administration, Economy, Education, Euro, European Union, Fixed exchange-rate system, Foreign Exchange Market, FTSE 100, Hang Seng 40, International Monetary Fund, MSCI EM, Nigerian naira, Politics, recovery, Renminbi, Reuters, Toshiba, United States Dollar, United States Senate election in California, Yuan | Tagged goldman sachs, india | Comments Off

One Of The World’s Biggest Hedge Funds Has Lost $1.8 Billion In 2016

By silveristhenew | Published October 6, 2016

While hardly news by now, the latest proof that hedge funds are generally having a woeful year in a world where few financial relationships make sense, comes from UK-based Lansdowne Partners, one of the world’s largest hedge funds, which according to the WSJ extended its losing run last month, after its flagship Developed Markets fund […]

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