Tag Archives: Glencore

Congolese diaspora protesting against Glencore last summer. Glencore has taken a $350 million hit because of falling cobalt prices as the problems facing its African copper business continue to pile up. The Switzerland-based miner and commodity trader has been grappling with a string of issues in the Democratic Republic of Congo, where it operates two copper mines, and in Zambia, where it owns another asset. Dozens of...

Glencore has denied any wrongdoing (Keystone) - Click to enlarge Swiss NGO Public Eye has filed a criminal complaint with the Office of the Attorney General of Switzerland against the activities of Swiss commodities giant Glencore in the Democratic Republic of Congo (DRC). The Office of the Attorney Generalexternal link on Tuesday confirmed receipt of the complaint but said further details were currently not...

Submitted by Judith Bergmann via The Gatestone Institute, Swiss authorities are currently investigating 480 suspected jihadists in the country. “Radical imams always preached in the An-Nur Mosque… Those responsible are fanatics. It is no coincidence that so many young people from Winterthur wanted to do jihad.” — Saïda Keller-Messahli, president of Forum for a Progressive Islam. Switzerland is the answer to those who...

Submitted by Judith Bergmann via The Gatestone Institute, Swiss authorities are currently investigating 480 suspected jihadists in the country. “Radical imams always preached in the An-Nur Mosque… Those responsible are fanatics. It is no coincidence that so many young people from Winterthur wanted to do jihad.” — Saïda Keller-Messahli, president of Forum for a Progressive Islam. Switzerland is the answer to those who...

Submitted by Judith Bergmann via The Gatestone Institute, Swiss authorities are currently investigating 480 suspected jihadists in the country. "Radical imams always preached in the An-Nur Mosque... Those responsible are fanatics. It is no coincidence that so many young people from Winterthur wanted to do jihad." — Saïda Keller-Messahli, president of Forum for a Progressive Islam. Switzerland is the answer to those who claim that Islamic terrorism is reserved for those...

Investec Switzerland. Miners had been digging in one of Australia’s oldest collieries for almost a century until operations wound down a year ago, the victim of plunging global commodity prices. Now owner Glencore Plc is resuming output at the Queensland site, the latest sign of a profit bonanza bringing the world’s top metals and energy producers back from the brink. © Carol Buchanan | Dreamstime.com Everything from coal to iron ore to zinc soared in 2016, rebounding from...

Trump wins Electoral College vote; a few electors break ranks (Reuters) European Stocks Head for a One-Year High (BBG) Japan's Central Bank Keeps Policy Unchanged, Upgrades Economic Outlook (BBG) Russia and Turkey vow to keep detente on track after murder (FT) The Political Implications of Events in Ankara and Berlin (BBG) Trump condemns Berlin attack, says things 'only getting worse' (Reuters) Merkel: "No Doubt Berlin Crash Was a Terror Attack" (BBG) Gunman in Zurich mosque shooting is dead...

Last Thursday, when we reported that Ben Bernanke was to "secretly" meet with Kuroda and Abe this week (he is said to have already met with Japan's central bank head earlier today), we said that "something big was coming" out of Japan which had "helicopter money" on the agenda.  And sure enough, after a dramatic victory for Abe in Japan's upper house elections which gave his party an even greater majority, Abe announced the first hints of helicopter money when Nikkei reported, and Abe...

There has been much confusion, at time quite angry, how in the aftermath of the Soros-funded Panama Papers revelations few, if any, prominent U.S. name emerged as a result of the biggest offshore tax leak in history. Now, thanks to McClatchy more U.S. names are finally being revealed and it will probably come as little surprise that many of the newly revealed names have connection to both Bill and Hillary Clinton. Connections to Bill and Hillary Clinton As McClatchy writes, donors to...

Following yesterday's dollar spike which topped the longest rally in the greenback in one month, the prevailing trade overnight has been more of the same, and in the last session of this holiday shortened week we have seen the USD rise for the fifth consecutive day on concerns the suddenly hawkish Fed (at least as long as the S&P is above 2000) may hike sooner than expected, which in turn has pressured WTI below $39 earlier in the session, and leading to weakness across virtually all...