News The rise in the cost of groceries has contributed to the rise in people using food banks, such as this one in Poplar

The Government has been accused of protecting corporate profits at the expense of the world’s poorest people by trying to block European Union reforms to curb food speculation.

US senators question banks’ role in commodities

A US Senate hearing turned the spotlight on the role of big banks in the trading of key commodities yesterday, with one lawmaker questioning the extent to which lenders engage in the market for physical commodities.

A sharp hike in the price of aluminium can destabilise the world's economy

Goldman Sachs in spotlight over 'aluminium price-hike' scandal

Financial giant is accused of exploiting rules over metal warehousing in order to manipulate commodity prices

UK and US regulators fine trader Michael Coscia $3m for 'manipulation of oil market'

A trader who made millions of US dollars by moving the price of commodities, ranging from oil to wheat, has been fined around $3.1 million (£2 million) by authorities in the UK and the US.

Investors favour UK property over shares

Investors have become more bullish about bricks and mortar as the outlook for property has improved across the country.

Fresh woe for hedge fund RAB as commodities fund slides nearly 20%

Worries over the US Federal Reserve easing back on money printing left RAB Capital, the hedge fund hammered by an ill-fated bet on Northern Rock, nursing fresh losses last month.

Egypt grips the world of oil as price peaks at 14-month high

The country's political upheaval has driven prices high, but fundamentals underpinning black gold are weaker than ever

Belgian-born commodities trader Marc Rich and founder of Swiss giant Glencore Xstrata

Marc Rich, founder of commodities giant Glencore Xstrata, dies aged 78

Marc Rich, founder of the Glencore Xstrata commodities giant who was one of the most famous fugitives from US justice in the 1980s and 1990s until being controversially pardoned by Bill Clinton when he was President, has died of a stroke in Switzerland aged 78.

Satyajit Das: Rise of economic nationalism is threat to global prosperity

Midweek View: In a virtuous circle, globalisation both created and relied on strong economic growth

Polymetal's boss, Vitaly Nesis, predicts three-year wait for FTSE return

The chief executive of Polymetal International, the Russian gold producer which exits the FTSE 100 this month, has warned that it could take three years for it to re-enter the blue-chip index.

Glencore chief strengthens board

Glencore Xstrata's chief executive, Ivan Glasenberg, has announced three new appointments to the board of the wheat trading-to-coal mining empire, including the veteran Wall Street banker John Mack.

Glencore investigated over '€120m tax-evasion'

Glencore has confirmed that it is being investigated by Italian financial police over tax evasion allegations involving its Sardinian subsidiary, the metals producer Portovesme.

BP– $12bn. A disastrous year for the oil giant – largely because of the Gulf of Mexico oil spill and Tony Hayward's subsequent departure – has led to a fall of 30 places to 64th in the list.

Glencore brings in ousted BP boss Tony Hayward as interim chairman

Sir John Bond was today ejected as chairman of FTSE 100 mining giant Glencore Xstrata, only minutes before he was due to run its first annual meeting following the $67 billion (£44 billion) merger.

The Business Matrix: Tuesday 14 May 2013

High rollers knock 5% off Rank profits

Aussie rates cut provide tonic for stock markets

The FTSE 100 index has hit its highest level since December 2007, buoyed by a cut in Australian interest rates, some better-than-expected German factory output data and the afterglow from last week's decent US jobs report.

Shares in mining giant Glencore Xstrata soar

Shares in Glencore Xstrata shot up 4 per cent on the newly formed commodities empire’s first full day of trading as a single entity.

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