Press Review Week 29

Press Review
14 July – 18 July 2014
WEEK 29
About this press review :
This press review consists of a list of press articles on commodity trading published during the week in
media to which GTSA has access. The articles are not selected upon the opinion expressed. It does not
reflect GTSA’s opinion, nor this of its members.
I.
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Switzerland
Gesalzene Rechnung für EU-Steuerstreit, Neue Zürcher Zeitung, July 14, 2014
http://www.nzz.ch/schweiz/gesalzene-rechnung-fuer-eu-steuerstreit-1.18342440
Grosse bataille en vue pour le partage du milliard promis par Berne, Tribune de
Genève, July 14, 2014,
Vaud grand perdant de la réforme de la fiscalité des entreprises, Le Temps,
July 14, 2014,
http://www.letemps.ch/Page/Uuid/56f55e16-0a77-11e4-a6d1542beb13958e/Vaud_serait_le_grand_perdant_de_la_r%C3%A9forme_de_la_fiscalit%C3%A9_des_e
ntreprises
« Face à Berne, Genève et Vaud ont les mêmes intérêts », Tribune de Genève,
July 16, 2014,
http://www.tdg.ch/geneve/actu-genevoise/Face-a-Berne-Geneve-et-Vaud-ont-les-memesinterets/25297440/print.html
Die grosse Steuerreform steht bereits im Gegenwind, Neue Zürcher Zeitung, July
16, 2014
http://www.nzz.ch/schweiz/die-grosse-steuerreform-steht-bereits-im-gegenwind-1.18344297
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Energy
Oil hedging seen in decline as bank exit commodities, Businessweek, July 14,
2014
http://www.businessweek.com/printer/articles/766781?type=bloomberg
Noble group forms energy venture with EIG to find global assets, Bloomberg,
July 14, 2014
http://www.bloomberg.com/news/2014-07-14/noble-group-forms-energy-venture-with-eig-to-find-globalassets.html
The indispensable country, Financial Times, July 16, 2014
http://www.ft.com/cms/s/0/601a8476-0b5d-11e4-ae6b00144feabdc0.html?ftcamp=published_links%2Frss%2Fmarkets_commodities%2Ffeed%2F%2Fprodu
ct
Trafigura Eyes Egypt Investments as Dauphin Meets PM, MENA Says,
Bloomberg, July 16, 2014
http://www.bloomberg.com/news/print/2014-07-16/trafigura-eyes-egypt-investments-as-dauphin-meetspm-mena-says.html
Rosneft squeeze puts pressure on western partners, Financial Times, July 18,
2014
http://www.ft.com/cms/s/0/cdc3604e-0e53-11e4-a1ae00144feabdc0.html?ftcamp=published_links%2Frss%2Fmarkets_commodities%2Ffeed%2F%2Fprodu
ct
Brent poised for rebound as supply risks simmer, Financial Times, July 18, 2014
http://www.ft.com/cms/s/0/cca2edbc-0d93-11e4-815f00144feabdc0.html?ftcamp=published_links%2Frss%2Fmarkets_commodities%2Ffeed%2F%2Fprodu
ct
III.
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Soft Commodities
Grains, oil lead CRB to 11th day of losses, longest streak ever, Reuters, July
11, 2014
http://www.reuters.com/article/2014/07/11/markets-commodities-idUSL2N0PM1FE20140711
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Diet shift to slow cereal demand growth, Financial Times, July 12, 2014
http://www.ft.com/cms/s/0/b1fc9cf2-08dd-11e4-9d3c00144feab7de.html?ftcamp=published_links%2Frss%2Fmarkets_commodities%2Ffeed%2F%2Fprodu
ct
Palm heads for bear market with record U.S. soy reserves, Bloomberg, July
14,2014
http://www.bloomberg.com/news/2014-07-14/palm-set-for-bear-market-as-record-soybean-reservesloom.html
Uganda sugar exports curbed by wars, regional trade barriers, Bloomberg, July
14, 2014
http://online.wsj.com/articles/big-commodity-traders-gain-clout-1404933074
Corn to soybeans drop as crops in best shape since 1994, Bloomberg, July 15,
2014
http://www.bloomberg.com/news/2014-07-15/corn-resumes-drop-as-u-s-crop-conditions-boost-supplyoutlook.html
Das Ende des Rohwaren-Superzyklus Neue Zürcher Zeitung, July 18, 2014
http://www.nzz.ch/finanzen/das-ende-des-rohwaren-superzyklus-1.18345713
Chocoholics braces for chunky price rise after cocoa soars, Financial Times,
July 18, 2014
http://www.ft.com/cms/s/0/e59c23be-0d80-11e4-b14900144feabdc0.html?ftcamp=published_links%2Frss%2Fmarkets_commodities%2Ffeed%2F%2Fprodu
ct
IV.
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Metals
Thomson Reuters and CME win bid to set silver price, Financial Times, July 12,
2014
http://www.ft.com/cms/s/0/7f838fc4-08d8-11e4-8d2700144feab7de.html?ftcamp=published_links%2Frss%2Fmarkets_commodities%2Ffeed%2F%2Fproduct
Zinc surges as mine closures add to concerns over supply, Financial Times, July
15, 2014
http://www.ft.com/cms/s/0/4d568014-0b6d-11e4-869300144feabdc0.html?ftcamp=published_links%2Frss%2Fmarkets_commodities%2Ffeed%2F%2Fproduct
Trafigura targets $8 billion India metals market with online store, Reuters, July
16, 2014
http://www.reuters.com/article/2014/07/16/us-india-trafigura-metals-idUSKBN0FL0FL20140716
Trafigura Targets Indian Manufacturers With Online Store, Bloomberg, July 16,
2014
http://www.bloomberg.com/news/print/2014-07-16/trafigura-targets-indian-manufacturers-with-onlinemetals-store.html
Aluminium rallies sharply on output cuts and stock erosion, Financial Times,
July 18, 2014
http://www.ft.com/cms/s/0/34f509a6-0dba-11e4-b14900144feabdc0.html?ftcamp=published_links%2Frss%2Fmarkets_commodities%2Ffeed%2F%2Fproduct
V.
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Others
Big commodity traders gain clout, Wall Street Journal, July 9, 2014
http://online.wsj.com/articles/big-commodity-traders-gain-clout-1404933074
Il est toujours temps de miser davantage sur les matières premières, Le
Temps, July 14, 2014
http://www.letemps.ch/Page/Uuid/539f6c3c-0aba-11e4-a6d1542beb13958e/Il_est_toujours_temps_de_miser_davantage_sur_les_mati%C3%A8res_premi%C3%A
8res
China growth data lifts Europe shares, oil and metals, Reuters, July 14, 2014
http://www.reuters.com/article/2014/07/16/us-markets-global-idUSKBN0FL0OP20140716
Winning by waiting in commodities, Wall Street Journal, July 15, 2014
http://online.wsj.com/articles/investors-cash-in-with-commodities-trading-strategy-1405466911
www.gtsa.ch
[email protected]
+41 22 715 29 90
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Goldman thrives in commodities as rivals melt away, Financial Times, July 16,
2014
http://www.ft.com/cms/s/0/1063c16a-093a-11e4-8d2700144feab7de.html?ftcamp=published_links%2Frss%2Fmarkets_commodities%2Ffeed%2F%2Fprodu
ct
La volatilité reviendra avec la croissance, l’AGEFI, July 16, 2014
http://agefi.com/nc/une/detail/artikel/le-sondage-bofaml-observe-une-nette-intensification-desanticipations-dinflation-venant-soutenir-la-prise-derisque.html?cHash=9070b3132812118033ca290108fefcd6&sword_list%5B0%5D=la&sword_list%5B1%
5D=volatilit%C3%A9&sword_list%5B2%5D=reviendra&sword_list%5B3%5D=avec&sword_list%5B4%5
D=la&sword_list%5B5%5D=croissance
Commodity traders and asset ownership, Financial Times, July 16, 2014
http://www.ft.com/cms/s/0/4abd5114-0cbe-11e4-bf1e00144feabdc0.html?ftcamp=published_links%2Frss%2Fmarkets_commodities%2Ffeed%2F%2Fprodu
ct
Are Swiss trading houses turning into banks? Not quite
http://www.reuters.com/article/2014/07/17/us-traders-bnp-paribas-idUSKBN0FM27820140717
SGS Earnings Decline on Weak Mining Market, Strong Franc, Bloomberg, July
17, 2014
http://www.bloomberg.com/news/print/2014-07-17/sgs-first-half-earnings-decline-as-mineral-divisionremains-weak.html
European Banks Seen Bowing to U.S. Russia Bans as Fines Rise, Bloomberg,
July 18, 2014
http://www.bloomberg.com/news/print/2014-07-17/european-banks-seen-bowing-to-u-s-russia-bansamid-rising-fines.html
www.gtsa.ch
[email protected]
+41 22 715 29 90