|Day's Range||2,191.00 - 2,276.00|
In the 1990s, the cacao farmers of Brazil fell into a collective depression. Juliana Pinheiro Aquino remembers it well. "He called all his friends to help him," Aquino said, describing the land rush of the late 1800s.
Commodity trading is on the cusp of digital disruption — something that has largely eluded the multitrillion-dollar industry for years. Trading firms and the banks that finance them want to reduce risk in document fraud. Blockchain is one of the technologies that commodity firms want to leverage on to improve tracking.
Venezuelan leader Nicolás Maduro has revealed that the country’s state-owned companies may start charging for exports in the country’s oil-backed cryptocurrency, the Petro (PTR). According to the country’s Cuatro F newspaper, even real estate is set to be purchasable with the cryptocurrency. In a piece published in the newspaper, Maduro stated the Petro came to
Ghana’s oil industry is developing at an incredibly rapid pace, promising to make the West African nation one of the fastest-growing economies in the world
Endeavour Mining has opened negotiations with local people in Ivory Coast in an effort to head off protests at two gold mines where the company aims to boost production by nearly 4 percent this year, its country manager said on Friday. The Canadian company's Agbaou and Ity mines yielded a combined 236,000 ounces of gold last year, and plan to produce 245,000 in 2018. "This week we started a social dialogue with populations, which will allow us to work in perfect harmony with them," Daniel Yai said.
OTTAWA (Reuters) - Canadian producer prices dipped in December due to lower costs of energy and petroleum products, while prices for raw materials purchased by manufacturers also tumbled, data from Statistics Canada showed on Wednesday. The 0.1 percent decrease in prices for products sold by manufacturers matched economists' forecasts. Out of the 21 major commodity groups, nine declined while four were unchanged. Energy and petroleum products declined 0.7 percent, the first decrease since June 2017 amid lower prices for motor gasoline. ...
Ever stop to calculate how much your trading costs in trading fees? With an average of 1 pip on the EUR/USD for example, that works out at $10 fees per traded lot. That soon adds up, and if you’re scalping or a high-frequency trader, the fees can make for a pretty substantial amount.