Commodities News
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It is easy to blame Hostess' problems on the decrease in sales, but they only saw a small decrease in sales last year. Hostess' problems are due to management, and not market shares.
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Speaking in Washington and concerned over rising food prices and lingering instability in the Middle East and Africa, World Bank President Robert Zoellick believes the global economy is "one shock away" from a major crisis.
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With spikes in food and energy commodity prices hitting developed and undeveloped nations, there are growing concerns over the prospects for widespread unrest.
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New York -
Gold bullion has hit a record high in the morning's trading session by soaring $28.00 to $1,275.20USD. Financial analysts are speculating that gold could hit $1,300 by the end of the year.
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Co-founder of the Quantum Fund and Chairman of Rogers Holdings, Jim Rogers, spoke with CNBC to discuss the financial state of commodities. What's his view? Well, agricultural commodities will go through the roof and food shortages are coming.
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Jim Rogers, Chairman of Rogers Holdings and author of "Hot Commodities," said on Wednesday at the Reuters Investment Summit that commodities is the best sector to invest in, whether or not the economy revives.
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CEO of Rogers Holdings and author of "Hot Commodities" Jim Rogers recently sat down with CNBC to discuss the future commodity prices and where he would invest his money if he had one million dollars.
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Oil has climbed on the back of speculation that North Sea Oil supplies will tighten. The market is backing the price on the theory that US oil supplies for winter will be short as a result of high levels of gas refining during the summer.
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Nothing small happens in China these days. China has been increasing the demand for some commodities by more than 60 per cent. Last year, China added as much electrical power generation capacity as the whole of France.
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Commodities Headlines
 The Canadian dollar sllipped Wednesday, despite a lift in commodity prices.
Commodities trading giant Glencore reports a sharp rise in revenues on the back of higher prices for raw materials.
Commodities trader Glencore is buying Canadian grain handling firm Viterra for $6.2bn.
 The Toronto stock market moved higher Tuesday on rising commodity prices and in New York, the Dow Jones industrial average crossed 13,000 for the first time since May 2008 before retreating.
 The Canadian dollar and the TSX both moved higher out of the gate on Thursday, buoyed by stronger commodity prices.
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