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Books > Business & Economics > Finance & accounting > Finance > Investment & securities > Commodities
Kate Kelly, acclaimed journalist and author of Street Fighters,
investigates the world of commodities traders When most of us think
of the drama of global finance, we think of stocks and bonds. But
commodities? Crude oil and soya beans? Copper and wheat? What could
be more boring? That's exactly what the elite commodity traders
want us to think. They don't seek the spotlight. They don't want to
be as famous as Warren Buffett. Their astonishing wealth was
created in obscurity, because they dwell in private companies or
deep within large banks and corporations. But if the individuals in
the commodities boom have gone unnoticed, their impact has not.
Prices of raw materials have exploded. Are the big traders jacking
up the cost of petrol, food, and essentials bought by people around
the world? How did such immense power end up in the hands of a few?
In this riveting book, Kate Kelly takes us inside the inner circle
that affects so many things we all depend on. Following a trail
from New York to London to Dubai, from hedgefunds and banks to
brokers and regulators, she reveals the fullest ever picture of the
men who gamble with our future every day.
This guide to investing in the bioenergy market covers the topic
from both a scientific, economic and political perspective. It
describes the increasing number of second generation biodiesel
projects which are now emerging in anticipation of growing
sustainability concerns by governments, and in response to market
demands for improved process efficiencies and greater feedstock
production yields.
The book also closely examines the science and technology involved
in second generation biofuels and gives concrete examples, such as
in the aviation industry. The result is an essential guide for
scientists, investors, politicians and decision-makers in the
energy sector.
More than 50 developing countries depend on three or fewer
commodities for more than half of their exports and, in fact, many
rely on a single commodity for a large share of export earnings.
This reliance inevitability exposes countries to the risk of export
earnings instability as a result of price shocks and, perhaps even
more significantly, the falling purchasing power of exports over
the long run due to declining real prices. Presenting for the first
time a complete analysis of the issues surrounding commodity prices
and development, this book is the culmination of three years of
research commissioned by the Commonwealth Secretariat to look at
various aspects of commodity prices.
The problems faced by commodity dependent developing countries are
formidable. Although diversification is the most appropriate
response to the problem of the secular decline in commodity prices,
long-term transformation in the economy can be a slow process and
its success will depend on a host of factors such as the
development of human resources, institutional capacity building,
poverty alleviation, and appropriate domestic policy and
environment. By granting increased aid flows and debt relief, and
providing assistance to encourage production of non-traditional
export items, the international community can play a proactive role
in the development of the commodity dependent poor countries. Only
concerted efforts both at the domestic fronts of these countries
and via co-operation extended by the international community can
help mitigate the problems of the world's most vulnerable
economies.
The investment industry is increasingly a global business. This is
partly due to the needs of multinational corporations to obtain
financing in more than one nation. Cross-border investments and
acquisitions continue at a rapid pace. The asset management
business is becoming larger, more complex and more competitive,
while hedge funds and private equity dominate large portions of the
industry. This carefully-researched book is a complete investments,
securities and asset management market research and business
intelligence tool--everything you need to know about the business
of investments, including: investment banking, stock brokers,
discount brokers, online trading, trends in financial information
technologies, asset management, stock ownership by individuals and
households, 401(k)s and pension plans, mutual funds, ETFs, ECNs and
exchanges. The book includes vital industry statistics; a glossary;
industry contacts such as industry associations and government
agencies; and our profiles of 400 leading global firms in the
investment and asset management business, both public and private.
You'll find a complete overview, industry analysis and market
research report in one superb, value-priced package.
This book is the first to draw together the numerous different
regulations which affect how commodities are traded in the EU.
Having long been a largely deregulated industry, intense scrutiny
in the aftermath of the global financial crisis has left
commodities trading subject to a raft of harmonized regulations,
many of which have yet to be finalized. Regulation of both the
physical and the financial commodities markets is undergoing
significant change and participants and their advisors are
struggling to understand the changes in each jurisdiction as well
as the cross-border implications. The book pulls together these
various pieces of EU legislation and examines how they influence
the way that commodities are traded in Europe. It also provides
coverage of regulation at domestic level in key jurisdictions
active in the marketplace, namely the UK, USA, Switzerland, and
Singapore. Divided into eight sections, the book includes analysis
of the commodities trading houses (including their motives and
methods), the main trading venues, trading practices, and potential
illicit practices and market abuses. Each section has a detailed
transnational component in which the position in each specific
jurisdiction is explained, drawing parallels and setting out the
differences between these countries. This extremely topical
publication is an essential reference work for all those advising
on or researching the increasingly complex and globalized field of
commodities trading.
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