Latest news with #Commodities
Bloomberg
15 hours ago
- Business
- Bloomberg
Iron Ore Gains on Optimism US-China Trade Truce Will Be Extended
Iron ore rebounded as news of a possible extension to the US-China trade truce eased some concerns about the impacts of tariffs on the global economy. The steelmaking material rose more than 2% to near $103 an ton, after tumbling more than 4% over the previous two sessions.
Zawya
6 days ago
- Business
- Zawya
Nigeria: Commodities exchanges, warehouses can unlock $500bln — SEC
The Director General, Securities and Exchange Commission (SEC), Dr. Emomotimi Agama has disclosed that by formalising Commodities and Warehouse receipts the capital market can unlock $500 billion indormant agricultural and mineral assets. Dr Agama who stated this at a national workshop of the Chartered Institute of Stockbrokers in Abuja Tuesday, said the move would transform them into tradable securities. He noted that it would help the economy diversify from the oil and gas industry, and create wealth for the country. Agama explained that the Investments and Securities Act 2025 has empowered the SEC to take decisive actions to promote the sector. 'The Act sharpens the SEC's regulatory focus, ensuring it operates with the precision and authority required to steward a rapidly expanding market', he stated. He added: 'Today, I speak not just about the Investments and Securities Act (ISA) 2025 as a legislative milestone, but as a strategic blueprint to propel Nigeria into the league of top global economie. It dismantles legacyconstraints, embeds global best practices, and positions our market as the engine room for national prosperity. The question before us is no longer if Nigeria can achieve a $1 trillion economy, but how soon—and the capital market, under this new Act, will be the accelerant'. The SEC DG stressed that the Commission 'now has explicit powersto shut down Ponzi schemes and prosecute offenders—ending the eraof 'get-rich-quick' scams that erode market confidence. 'Investors are now covered for losses from revoked dealer licenses—a long-awaited safeguard that will boost participation. Trust is the currency of our capital markets. Without it, liquidity dries up' Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
The Star
18-07-2025
- Automotive
- The Star
Johari: Govt exploring ways to expand biodiesel use
Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani BANTING: The government is looking to expand the use of biodiesel in the country in its efforts towards a more sustainable source of fuel, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani. He said the national biodiesel program, which has been running since 2011, has stalled in terms of adopting a higher blend of palm biodiesel, citing capital expenditure and infrastructure constraints. "In 2019, Malaysia made B7 mandatory for the industrial sector and B10 for the logistics sector, but we have not moved to B20 since then because it requires significant capital expenditure of RM580 million. "So we are working on how to implement it, who should bear the subsidy, and we want to see what happens once it becomes B20 - how it will affect the diesel prices - all of that needs to be examined," he told reporters after launching the B30 Biodiesel pilot project at Guthrie's Golden Hope Academy in Carey Island today. As for today's event, SD Guthrie Bhd will fully transition to using B30 biodiesel for all its operational machinery and company vehicles that run on diesel at its plantation operations in Carey Island. B30 biodiesel, a blend of 30 per cent palm-based biodiesel and 70 per cent petroleum-based diesel, is a cleaner fuel and can reduce greenhouse gas (GHG) emissions by up to 23 per cent per litre compared to conventional diesel. He explained that if biodiesel usage can be widely implemented nationwide, there may be price adjustments for the commodity. However, Johari declined to elaborate on how it might affect the targeted fuel subsidies, saying it is still too early to disclose details. "The use of palm biodiesel offers clear environmental benefits. It not only helps reduce GHG emissions compared to traditional diesel, but it is also sulphur-free," he added. - Bernama
Khaleej Times
17-07-2025
- Business
- Khaleej Times
Dubai: UAE security authority warns against dealing with unlicensed companies
The Securities and Commodities Authority (SCA) has warned the investing public against dealing with unlicensed entities in their latest advisory. The SCA has warned Dubai residents of three companies who are not licensed to conduct financial activities. In an official statement on its website, the SCA named three companies on July 17 — Sigma one capital, Sigma — wealth world financial, Sigma One Cap Marketing Services. "The SCA advises the investing public to refrain from dealing with these companies, as they are not licensed to conduct financial activities or provide services regulated by the SCA. Investors are strongly encouraged to verify the licensing status of any entity before engaging in any financial transactions. The SCA bears no responsibility for any transactions or dealings conducted with unlicensed companies," it said in the statement. The advisory was issued on the basis of the regulatory role of the SCA to ensure sound transactions and protect investors in accordance with the provisions of the Federal Law No. (4) Of 2000 concerning the Emirates Securities and Commodities Authority and Market and the regulations issued thereunder, and pursuant to the Chairman of the SCA Board of Directors' Decision No. (9/R.M) of 2017 concerning the Controls for Publishing Warnings. Last week, the SCA cautioned investors against dealing with certain entities and individuals falsely claiming to be Greenstone Equity Partners Financial Products Promotion LLC — an entity licensed by the SCA — and spoofing links from the company's website and misrepresenting them as legitimate. "The SCA urges all investors to verify the licensing status of any entity before engaging in any regulated activity. It bears no responsibility for any transactions conducted with such parties," it said.
The Print
15-07-2025
- Business
- The Print
Gold declines Rs 200 to Rs 99,370/10 g; silver plunges Rs 3,000 to Rs 1.12 lakh/kg
Gold of 99.5 per cent purity slipped by Rs 200 to Rs 98,800 per 10 grams (inclusive of all taxes) from the precious close of Rs 99,000 per 10 grams. The precious metal of 99.9 per cent purity had settled at Rs 99,570 per 10 grams on Monday. New Delhi, Jul 15 (PTI) Gold prices declined by Rs 200 to Rs 99,370 per 10 grams in the national capital on Tuesday due to fresh selling by stockists, according to the All India Sarafa Association. Silver prices plunged by Rs 3,000 to Rs 1,12,000 per kg (inclusive of all taxes) on Tuesday. The white metal had rallied by Rs 5,000 to hit a record high of Rs 1,15,000 per kg on Monday. 'Gold and silver witnessed sharp intraday volatility, rising initially but later retreated from their highs as the US Dollar index rebounded,' Rahul Kalantri, Vice-President of Commodities, Mehta Equities, said. Also, investors opted to book profits ahead of the crucial US inflation data to be released later in the day for more direction on the trajectory of bullion prices, Kalantri added. Meanwhile, spot gold rose by USD 20.62 or 0.62 per cent to USD 3,364.14 per ounce in the international markets. 'Gold remains range-bound despite elevated geopolitical and trade tensions. Safe-haven demand has picked up modestly after President Donald Trump's 30 per cent tariff announcement on imports from Mexico and the EU, though hopes for negotiations have limited sharp gains,' Chintan Mehta, Chief Executive Officer, Abans Financial Services, said. PTI HG HG MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
