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Commodity rout cuts A 970 billion from Japan's major trading houses
2016-03-25 10:29:44| Grocery - Topix.net
The nation's biggest trading companies, stalwarts of the economy, expect to book combined writedowns of at least A 970 billion as ill-timed investments in commodities ranging from shale gas to copper mines erode profitability. The writedowns for the year ending March underscore the predicament the sogo shosha find themselves in after investing heavily in metals and energy at the height of the commodities boom, only to see prices tumble.
Tags: major
trading
houses
billion
Rout in Global Steel Prices Puts Brakes on Platinum Recycling
2016-03-09 23:26:00| Waste Age
Reuters Recycling rates for autocatalyst metals platinum and palladium, have been driven lower in the past year not only by a price slide in the metals themselves, but also by a crash in the value of another raw material - steel. read more
Tags: global
prices
steel
puts
Mansion sales and discount dining: oil rout hits Houston's rich
2016-02-25 12:10:55| Auto Dealers - Topix.net
Prices for mansions in Houston's swankiest neighborhood have tumbled in lock step with crude prices. The Houston Opera has offered free season tickets to patrons who lost their jobs in the oil bust.
Tags: sales
hits
rich
discount
RPT-Saudi oil minister to face rival U.S. producers as price rout bites
2016-02-21 13:37:40| Energy - Topix.net
Feb 21 This week, Saudi Oil Minister Ali Al-Naimi will for the first time face the victims of his decision to keep oil pumps flowing despite a global glut: U.S. shale oil producers struggling to survive the worst price crash in years. While soaring U.S. shale output brought on by the hydraulic fracturing revolution contributed to oversupply, many blame the 70-percent price collapse in the past 20 months primarily on Naimi, seen as the oil market's most influential policymaker.
Saudi oil minister to face rival U.S. producers as price rout bites
2016-02-21 09:40:42| Oil & Gas - Topix.net
This week, Saudi Oil Minister Ali Al-Naimi will for the first time face the victims of his decision to keep oil pumps flowing despite a global glut: U.S. shale oil producers struggling to survive the worst price crash in years. While soaring U.S. shale output brought on by the hydraulic fracturing revolution contributed to oversupply, many blame the 70-percent price collapse in the past 20 months primarily on Naimi, seen as the oil market's most influential policymaker.
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