commodities Archives - CFO

Animal Proteins Beef up Cargill’s Q1 Results

Financial Performance

Animal Proteins Beef up Cargill’s Q1 Results

The company's net income rose 14% to $973 million amid brisk demand for beef, strong exports, and more abundant cattle supplies.

By Matthew Heller | September 27, 2017

Revenue Drops 40% at Goldman’s FICC Unit

Investment Banking

Revenue Drops 40% at Goldman’s FICC Unit

“We didn't navigate the [fixed-income] market as well as we aspire to or as well as we have in the past," Goldman's CFO says.

By Matthew Heller | July 18, 2017

Factory Goods Orders Rise 1.2% in January

Factory Goods Orders Rise 1.2% in January

“Manufacturing is regaining its footing after being buffeted by lower oil prices, a strong dollar."

By Matthew Heller | March 7, 2017

U.S. Producer Prices Surge 0.6% in January

U.S. Producer Prices Surge 0.6% in January

The gain in the producer price index was the largest in more than four years but the spillover to consumer inflation may be limited.

By Matthew Heller | February 15, 2017

Ex-Delta Trader Fined for Commodities Manipulation

Risk Management

Ex-Delta Trader Fined for Commodities Manipulation

The trader placed orders for personal profit ahead of trades intended for Delta, according to the CME Group.

By Matthew Heller | June 14, 2016

World Bank Calls Global Growth Rate “Insipid”

World Bank Calls Global Growth Rate “Insipid”

In its latest Global Economics Report, the bank predicts 2.4% global growth for 2016, down from the 2.9% estimated in January.

By Matthew Heller | June 10, 2016

Forex Trader Accused of $23M Investor Fraud

Risk & Compliance

Forex Trader Accused of $23M Investor Fraud

The SEC says Haena Park misrepresented her trades were profitable while losing more than $16 million in investor funds since 2012.

By Matthew Heller | June 3, 2016

On the Menu for Restaurants: Higher Earnings

On the Menu for Restaurants: Higher Earnings

Revenue and operating income for U.S. restaurants will increase more than expected, said Moody’s Investors Service in upgrading its industry outlook.

By Vincent Ryan | April 14, 2016

Peabody Joins Coal Mining Bankruptcy Parade

Peabody Joins Coal Mining Bankruptcy Parade

The world’s largest private-sector coal company is seeking to recover from a "substantial debt burden amid a historically challenged industry."

By Katie Kuehner-Hebert | April 13, 2016

Alcoa Swings to Loss on Restructuring Costs

Alcoa Swings to Loss on Restructuring Costs

The company's revenue took a hit from sharply lower aluminum prices as it prepares to split into two standalone entities.

By Matthew Heller | January 12, 2016

Arch Joins Coal Industry’s Bankruptcy Parade

Arch Joins Coal Industry’s Bankruptcy Parade

The No. 2 U.S. thermal coal miner cites depressed demand and regulatory hurdles for the latest in the industry's Chapter 11 filings.

By Matthew Heller | January 11, 2016

Monsanto to Cut 2,600 Jobs in Restructuring

Monsanto to Cut 2,600 Jobs in Restructuring

The company says "focus and discipline" are key to its efforts to reorganize amid a third straight year of sagging agricultural commodity prices.

By Katie Kuehner-Hebert | October 7, 2015

Glencore Seen Taking More Debt-Cutting Steps

Glencore Seen Taking More Debt-Cutting Steps

Analysts say the commodity supplier needs to cut net debt by almost half to $16 billion by the end of next year to retain its credit rating.

By Matthew Heller | August 17, 2015

Goldman Sells Last Physical Commodity Asset

Goldman Sells Last Physical Commodity Asset

The sale of a Colombian mining operation at a steep loss completes Goldman Sachs' exit from the commodity business after nearly 35 years.

By Matthew Heller | August 14, 2015

Oil Prices Slide To New Lows on ‘Bearish’ Data

Oil Prices Slide To New Lows on ‘Bearish’ Data

With demand from China slowing and a supply glut continuing, prospects of a price rebound in the second half of 2015 have "evaporated."

By Katie Kuehner-Hebert | August 3, 2015