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Commodities

Departure

Industry & Commerce

City Veteran Sir John Bond Voted Off Board Of Glencore Xstrata

City veteran Sir John Bond has suffered the humiliation of being voted off the board of Glencore Xstrata at the £50bn commodity trading giant's annual general meeting in Zug, Switzerland.

Iran Missile Test

Industry & Commerce

Glencore Traded With Iranian Supplier To Nuclear Weapon's Programme

One of Britain's biggest companies has made millions of pounds selling goods to Iran, including to a state-owned firm that supplies the regime's nuclear weapons programme.

RBC Logo

Financial Markets

RBC Acquires The Athena Energy Group

Royal Bank of Canada has announced that it has acquired the Athena Energy Group, a market leading natural gas supplier in Quebec. The acquisition expands RBC Capital Markets' existing business, which offers structured pricing for natural gas supply, from Ontario into Quebec.

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No Pot Of Gold

Financial Markets

Could Gold Be The Next Libor Scandal ?

London's financial sector was last night bracing itself for another official investigation into alleged price-fixing following reports that a US regulator is considering launching an inquiry into the City's gold and silver markets.

Old Goldman Sachs

Financial Markets

Goldman Leads Decline As Wall Street Commodity Revenues Drop

Commodity revenues at leading Wall Street firms crashed last year to their lowest on record, as tighter regulation and limited price swings squeezed the once dominant traders of Goldman Sachs, JPMorgan and Morgan Stanley.

A Billion Dollars

Financial Markets

Whoops There Goes Another Million … The Big Losers of 2012

Stock markets can go up as well as down, as 2012 has proved. But...

Dollars

Financial Markets

Gas Price Fixing Investigation Sparked by Bank Trades

One of the banks being investigated over the Libor lending rate scandal was behind some of the unusual deals that triggered a separate inquiry into suspected attempts to manipulate the wholesale gas price.

Tax & Business Calculator

Financial Markets

Ivan Glasenberg's Neighbours Rest Uneasily With Glencore Tax Windfall

He's so rich and pays so much tax that every one of his 3,600 neighbours in the picturesque village overlooking Lake Zurich got a 7% tax break, but not everyone in Rüschlikon likes Ivan Glasenberg.

Blowing Whistle

Financial Markets

Whistleblower to Testify to Commission Regulators on Alleged Gas-Price Fixing

The whistleblower who first raised the alarm about what he believed to be attempts to manipulate gas prices has been summoned to Brussels to explain to European Union regulators how the market might have been distorted .

Blowing Whistle

Financial Markets

FSA Examines Whistleblower's Claims of 'Libor-like' Manipulation in Gas Prices

The City watchdog, the Financial Services Authority, is investigating claims by a whistleblower that Britain's £300bn wholesale gas market has been "regularly" manipulated by some of the big power companies, exploiting weaknesses that echo the recent Libor scandal.

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