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Dangote Group CEO Says Firm's Future Is in Oil Despite Downturn
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Dangote Group CEO Says Firm's Future Is in Oil Despite Downturn 5:52
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Did a Commodity Bull Market Just Get Started? 5:55
12:46 p.m. Today12:46 p.m. Dec. 5, 2016
- MarketWatch
Kinder Morgan sees $3.2 billion capital budgetKinder Morgan Inc. unveiled a preliminary capital-spending budget of $3.2 billion for expansion programs next year and said it would raise its dividend in 2018. The pipeline company said it expects to generate cash flow in excess of its investment needs in 2017 as projects in its $13 billion backlog continue to be placed into service, with a significant portion of the additional cash earmarked for a 2018 dividend increase.
11:25 a.m. Today11:25 a.m. Dec. 5, 2016
- By Francine McKenna
CFTC, in third try, proposes rules to limit speculative commodity tradesThe Commodity Futures Trading Commission on Monday voted unanimously to repropose rules that would put limits on speculative positions in twenty-five physical commodity futures contracts and their "economically equivalent" options and swaps positions. This is the third time the agency has proposed such limits. One previous iteration was overturned by a federal count. The new rules were mandated by the 2010 Dodd-Frank regulatory law. The agency also reproposed a definition of bona fide hedging positions, as well as exemptions to this definition in physical commodities. The proposal will be open for public comment for 60 days.
11:22 a.m. Today11:22 a.m. Dec. 5, 2016
- By Joseph Adinolfi
The euro has its best day against the dollar since early June Investors appear to have swiftly moved past the ‘no’ vote in Sunday’s Italian referendumThe euro had its best day against the dollar since early June on Monday as investors swiftly moved past the initial shock of a “no” vote in the Italian constitutional referendum and the resignation of the country’s prime minister.
9:51 a.m. Today9:51 a.m. Dec. 5, 2016
- By Wallace Witkowski
Gold prices settle lower as rate hike looms New York Fed President Dudley sees gradual rate hikes in the cardsGold prices settle slightly lower Monday, recovering from sharper losses earlier in the session, as prospects for a rate increase later in the month by the Federal Reserve and the possibility that monetary policy might tighten at an accelerated pace in 2017 weighed on the metal.
9:46 a.m. Today9:46 a.m. Dec. 5, 2016
- By Mark DeCambre
Oil logs modest gain to extend OPEC-fueled rallyOil futures settled in the green Monday, but pared a firmer rise, as the industry continues to enjoy a bounce inspired by OPEC's historic agreement to cut production. Crude-oil futures traded in positive territory throughout much of the session after shaking off concerns about Italy's rejection of a vote on existing rules to its constitution that resulted in the resignation of Italian Prime Minister Matteo Renzi. Some energy strategists, however, expressed doubts over the ability of the Organization of the Petroleum Exporting Countries and other major oil producers to follow through on plans on complying with and enforcing limits on oil output. West Texas Intermediate crude oil ended up 11 cents, or 0.2%, higher at $51.79 a barrel, but the contract had traded as high as $52.42 a barrel early in New York.
9:16 a.m. Today9:16 a.m. Dec. 5, 2016
- By Myra P. Saefong
Why U.S. shale producers are the biggest winner from OPEC’s oil deal ‘Oil prices are truly on course for a recovery’: analystThe oil market cheered the decision by oil producers to cut back on output, but the true winner may be the U.S. shale oil industry.
4:08 p.m. Dec. 4, 2016
- By Quentin Fottrell
5 blue-collar jobs that pay $100,000 a year President-elect Donald Trump’s campaign appealed to manual workersPresident-elect Donald Trump’s campaign appealed to manual workers.
9:18 a.m. Dec. 3, 2016
- By Mark DeCambre
Trump just unleashed the stock market’s ‘animal spirits’ Crude oil joins the Trump party on Wall Street; Dow industrials and S&P 500 both touched new all-time highs in Wednesday trade, extending a record run for equitiesSteve Barrow, currency and fixed-income analyst at Standard Bank, said in a Wednesday research note “whatever fears might exist in some quarters about Trump’s win, some sort of animal spirits might have been spurred.”
7:09 a.m. Dec. 2, 2016
- By Carla Mozee
FTSE 100 ends at 3-week low as mining, oil shares pull back Pound still holding above $1.26Stocks in the U.K. are falling Friday, with losses for commodity shares contributing to pushing the benchmark FTSE 100 to the lowest close since Nov. 11.
5:50 a.m. Dec. 2, 2016
- MarketWatch.com
The real driver behind the dollar breakoutThe reason for the massive selloff in U.S. bonds is clearly the Trump election victory, as too many investors got caught with a wrong-way bet that interest rates in the U.S. were likely to remain subdued, given that they are some of the highest in the developed world.
1:22 a.m. Dec. 2, 2016
- By Ese Erheriene
Nikkei pulls back from yearly high as Trump effect fades Yen strengthens; tech stocks decline Asian shares ended broadly lower Friday, as equity markets indicate the ‘Trump trade’ could be overdone.
10:27 p.m. Dec. 1, 2016
- By Myra P. Saefong
Gasoline prices could jump back to summertime levels thanks to OPEC Drivers could pay $2.30/gal or more for gas at ChristmasGasoline prices at the pump could climb back to levels not seen since the summer driving season, thanks to OPEC.
10:00 p.m. Dec. 1, 2016
- By Barbara Kollmeyer
Oil extending the OPEC-led rally is riding on these 4 big factors Brent, WTI on track for big weekly gainsHow much further can oil rise, now that it is trading at levels not seen since early 2016, following a surprise OPEC deal to cut production? Answer these four questions, and you may have the answer.
10:22 a.m. Dec. 1, 2016
- By Ryan Vlastelica
Dollar pulls back after sharp gains; pound rallies on ‘soft Brexit’ hopes Dollar touched 9-month high against the yen earlier ThursdayThe dollar struggled Thursday as a rapid pace of gains—more than 12% since the U.S. election—gave investors pause.
7:26 a.m. Dec. 1, 2016
- By Carla Mozee
Stoxx Europe 600 ends lower ahead of Italy’s referendum Banco Popular moves to replace chairman European stocks are lower Thursday, with consumer shares declining as investors consider the possibility of an uptick in inflationary pressures.
10:36 p.m. Nov. 30, 2016
- MarketWatch
Glencore to restart dividend with $1 bln payoutLONDON--Swiss mining giant Glencore PLC, more than a year after it suspended its dividend amid questions about its solvency, said it planned to reinstate payouts to investors in 2017, another sign of how this year's sharp recovery in commodity prices is healing the wounds of the mining industry.
10:22 p.m. Nov. 30, 2016
- By Myra P. Saefong
The surprise OPEC oil deal that was 2 years in the making Non-OPEC producers will cut along with OPEC membersOPEC’s much anticipated meeting was full of surprises that sent oil prices soaring.
9:47 p.m. Nov. 30, 2016
- MarketWatch
Glencore to distribute $1 billion in cashLONDON-- Glencore PLC said it will distribute $1 billion to shareholders next year after completing a multibillion-dollar program of asset sales designed to pay down debt with the disposal of $4.7 billion in transport, agricultural, and mining businesses.
9:36 a.m. Nov. 30, 2016
- By Sue Chang
Gold prices log worst monthly loss since June 2013 Silver sheds over 7% in NovemberGold futures prices sink Wednesday to notch its worst month in over three years as crude prices surged after the Organization of the Petroleum Exporting Countries agreed to significantly reduce production.
7:27 a.m. Nov. 30, 2016
- MW Blogs
2:01 a.m. Nov. 30, 2016
- By Myra P. Saefong
The 4 most likely outcomes and market reactions out of the OPEC meeting OPEC may reach a ‘weak, unhappy compromise’: analystOPEC members have a lot to discuss as they gather for Wednesday’s much-anticipated meeting, but there are really less than a handful of plausible outcomes.
1:58 a.m. Nov. 30, 2016
- By Myra P. Saefong
OPEC oil meeting: 7 things you need to know Output cuts a ‘50-50 tossup’: Societe GeneraleOPEC will face a difficult task Wednesday as the cartel struggles to complete a plan to curb output. Here are some of the likely outcome scenarios and their potential impact on the oil market.
1:52 a.m. Nov. 30, 2016
- By Tomi Kilgore
Bank of America’s stock rally is far from over, analysts say Shares could still run up more than 20%, Instinet’s Chubak saysBank of America’s stock has already rallied 21% since the election, but one analyst thinks it could still run up another 20% or more, and another analyst upgraded it to a bullish outperform ratings.
11:16 p.m. Nov. 29, 2016
- By Benoit Faucon
Iran’s oil minister takes upbeat tone on clinching an OPEC output deal Bijan Zanganeh says he has ‘good expectations’ of an agreement in Vienna on production cutsBijan Zanganeh says he has ‘good expectations’ of an agreement, amid signs that his country and Iraq are looking for a compromise that satisfies Saudi Arabia’s demand for a broad-based production cut.
9:20 a.m. Nov. 29, 2016
- By Myra P. Saefong
Gold prices register third decline in 4 sessions ICE Dollar Index trades briefly near a 52-week high of 101.71Gold futures finish lower Tuesday, pulling back after tacking on more than 1% a day earlier.
1:17 a.m. Nov. 29, 2016
- By Georgi Kantchev
Why Saudi Arabia might walk away from an OPEC oil output deal The Saudi dilemma: Whether to take on the lion’s share of output cuts itself, or kill the oil production dealOPEC members have sensed a change in the Saudi position toward Iran, in closed-door meetings in Vienna, leaving the Saudis with a stark choice.
10:48 a.m. Nov. 28, 2016
- By Myra P. Saefong
Oil futures finish higher as traders guess OPEC meeting outcome Crude could fall to $30 if OPEC can’t reach an output deal: analystOil futures settle higher as traders weigh prospects that OPEC will complete a deal to curb production at midweek.
9:41 a.m. Nov. 28, 2016
- By Myra P. Saefong
Gold ends higher after two-session drop to 9-month lows ‘Little to suggest that a recovery will be any more than another opportunity to sell,’ says analystGold futures settle higher Monday, with a pullback in the U.S. dollar and declines in the stock market helping the precious metal regain strength after hitting its lowest levels since February.
3:22 a.m. Nov. 28, 2016
- By David A. Levy
How the ‘Trump bump’ to the U.S. economy could fall flat Focus on stimulus ignores near-term risksGlobal financial turmoil could rattle markets even before the projected Trump administration fiscal boost takes effect, writes economist David A. Levy.
1:16 a.m. Nov. 28, 2016
- By Barbara Kollmeyer
OPEC deal in doubt, and that means $30 oil — analysts react to latest developments Volatile oil-price trading as latest headlines face scrutinyA wave of developments over the weekend ahead of the OPEC meeting Wednesday have analysts rethinking whether or not a deal can be done, and what that means for oil prices.
12:53 a.m. Nov. 28, 2016
- By Benoit Faucon
Russia and Iran blow cold on OPEC output deal OPEC members engage in a last-minute blitz of diplomacy ahead of Wednesday summitRussia and Iran emerge as potential deal-blockers, as Saudi Arabia weighs its own hopes for a deal against fears it will lose out if those two oil production superpowers steal its market share.
10:23 p.m. Nov. 27, 2016
- By Myra P. Saefong
How an OPEC output deal could catapult U.S. producers back to stardom But plan to curb production isn’t quite a done dealThere’s a limit to how far oil can rally if major producing countries reach a deal to curb output.
10:21 p.m. Nov. 27, 2016
- MarketWatch.com
How to play the OPEC deal and beat the oil investor herd The headlines are not the whole story, and undershoots in prices are arguably taking placeThe headlines are not the whole story, and undershoots in prices are arguably taking place, writes Thomas H. Kee Jr.
8:29 a.m. Nov. 25, 2016
- By Rachel Koning Beals
Gold and silver post weekly losses after banner run for dollarGold prices slipped Friday by enough to hit a fresh 9-month low and fatten what’s shaping up to be a roughly 3.6% tumble for the week after the dollar index this week notched its highest reading in over a decade.
3:02 a.m. Nov. 25, 2016
- By Mark Hulbert
Why gold hasn’t yet hit bottom Gold timers have yet to throw in the towelEven after Wednesday’s drop, gold needs to decline further before contrarian analysis flashes a buy signal.
11:56 p.m. Nov. 24, 2016
- By Kenan Machado
Nikkei pares gains after tapping 10-month high Most Asian markets end broadly higherThe Asian stock markets were broadly higher early Friday, with Japan’s Nikkei leading after the yen hit a fresh eight-month low against the dollar, helping boost the competitiveness of the country’s exports.
8:57 p.m. Nov. 23, 2016
- MarketWatch
Rio Tinto cuts capital spending budgetRio Tinto PLC, facing an uncertain market outlook, said it would spend even less than anticipated on projects this year and step up a productivity offensive. Chief Executive Jean-Sébastien Jacques said Thursday that while he is cautiously optimistic on China--the world's top buyer of commodities such as iron ore and copper--reforms there to reduce capacity in industries such as coal and steel make the market less predictable.
8:25 p.m. Nov. 23, 2016
- By Willa Plank
Asian markets feel the chill as capital-flight fears rise Likelihood of U.S. rate hike weighs on Asian currenciesAsian markets were broadly down Thursday, in response to strong overnight U.S. economic data Thursday that pointed to rate rises, more dollar strength and the possibility of more capital flight from Asia.
10:43 a.m. Nov. 23, 2016
- MarketWatch
Deere signals better performance aheadFarm-equipment supplier Deere & Co. easily topped quarterly sales and profit expectations on Wednesday and said it expects declining sales of its agricultural machinery will start to ease next year. Deere continued to forecast weakening demand in North America where it dominates the market for large farm tractors and harvesting combines.
7:34 a.m. Nov. 23, 2016
- By Carla Mozee
FTSE 100 ends with a whimper as housing, retail shares fall Government to bump up living wage by 4% Retail and housing shares fell Wednesday, but gains for miners helped limit the loss for the London benchmark.
