| NYMEX Sets Daily Volume Records for Total Natural Gas Futures, Natural ...
NEW YORK, Feb. 12 /PRNewswire-FirstCall/ -- The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc. (NYSE: NMX) , today announced that it set daily volume records for total natural gas futures traded on electronic and open outcry venues and natural gas futures traded on the CME Globex electronic trading platform. On Friday, total natural futures, via electronic and open outcry trading, reached 233,173 contracts, surpassing the 228,728 contracts traded on November 28, 2001. Yesterday, electronically traded natural gas futures totaled 184,926 contracts, exceeding the 174,481 contracts traded on February 8. NYMEX launched its physically settled futures contracts for trading on CME Globex during regular open outcry trading hours on September 5, 2006, following its initial offering of financially settled, standard-sized and NYMEX miNY energy futures contracts for trading on CME Globex on June 12, 2006.
Looking for solutions to the carbon conundrum
Also, at least in inter we can put on more clothing to reduce heating costs. In winter, there is not much further we can go than to strip down to our swim suits.
With regards to crops, remember that earth is a closed system, and what nutrient resources, ie: fertilizer, we have are limited. Also, the amount of viable farming soil is fast depleting due to unsustainable farming practices. Monoculture farming is also a problem because the farming system is linear. You extract nutrients to feed the crops, harvest what you want and the rest is garbage. Personally I'd like to see a greater shift to crop cycling.
If farming shifted northwards, remember that those living near the equator will start depending on us for food instead. This would simply be a shift of who is exporting and who is importing, and although economically profitable for us, remember that this is merely a shift, and in all likelihood, only the extremely wealthy will benefit thus the disparity between the rich and the poor will only increase.
Australian stock market closes down on global credit concerns
DESPITE a strong lead from Wall Street and higher commodity prices, the share market closed in negative territory, reversing earlier intraday gains, on cautiousness about global investments markets. At the 4.15pm AEDT close, the benchmark S&P/ASX200 index was down 20 points, or 0.33 per cent, to 5960, and the All Ordinaries had shed 21.1 points, or 0.35 per cent, to 6019.8. On the Sydney Futures Exchange, the March share price index was down 15 points to 5951 on a volume of 27,555 contracts. ABN Amro Morgans Ipswich manager Tony Russell said nervousness ruled the local market today. "The market is very jittery, we've been swinging from positive to negative.'' Mr Russell said Australian investors were cautious about the earnings results coming from the United States. "We'll see some of the major financial institutions reporting in the US tonight, so the market might be waiting to see what happens there.'' Mr Russell said trading conditions were thin, with many investors still on holiday.
Fortis Clearing Americas Hires Gerard Colagrossi and Eli Tullis Jr. to ...
NEW YORK, Dec. 27 /PRNewswire/ -- Fortis Clearing Americas (USA) LLC, a division of Fortis Merchant Banking, today announced it has hired Gerard Colagrossi and Eli Tullis Jr. as senior vice presidents to jointly lead the firm's newly established 24-hour futures execution desk. Based in Chicago, the team will seek to expand Fortis' current futures business and provide 24-hour execution for its customers. Mr. Colagrossi and Mr. Tullis will report directly to Mark Cermak, Executive Vice President of execution services at Fortis Clearing Americas. "The addition of Gerard and Eli to our expanding team of futures industry experts positions Fortis well to capitalize on current market opportunities in this space," said Mr. William Floersch, President and Chief Executive Officer of Fortis Clearing Americas.
Experts pick their top equity Isas
Woodford who altogether runs a massive £20m of Invesco's funds has been through a variety of economic cycles and has come through them all. He has his funds positioned quite defensively in such sectors as tobacco and utility stocks. Although his funds have fallen year to date, they have done by only about 4% compared to the FTSE 100 which has dropped by some 11%.' Gartmore Cautious Managed Tim Ames, of Cathedral Financial Planning rates the Gartmore Cautious Managed fund. It provides some exposure to the equity market but as it is a managed fund, the equity proportion is limited to 60% of the fund value and a degree of stability is achieved through investment in bonds. Ames says: 'I like this fund because it has the flexibility to conservatively adjust the balance between bonds and equities to reflect changing market conditions.' Over the past five years the portfolio has delivered a return of 56% to investors against an average of 54%.
Quarterly earnings surge again at Cargill
Profit for the second quarter was nearly $1 billion at Cargill, the Minnetonka-based agricultural giant, as capital investments helped the company move more commodities over longer distances, the company reported Monday. The earnings of $954 million for the quarter ended Nov. 30 were a 44 percent gain over the same quarter last year. "We are very pleased with today's results," Greg Page, the Cargill chairman and chief executive who took over the company last June, said in a prepared statement. "Today we are moving bigger volumes of commodities, through more facilities, at higher utilization rates and over longer distances. As we've grown, we've also strengthened our ability to measure and assess risk. That's been crucial, given the speed and magnitude of price movements in today's agricultural and energy markets." Earnings for the first six months of the company's fiscal year stand at $1.87 billion, a 61 percent increase from the previous year's first half.
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