Ivan Glasenberg, the billionaire running commodities supplier Glencore Xstrata Plc, is investing more in thermal coal than his three closest competitors combined even as investors warn the fuel’s outlook is deteriorating.
Emerging-market stocks fell for a fourth day, led by Indonesian lenders, after the nation’s central bank said it will maintain a tight monetary policy and investors weighed the outlook for Federal Reserve stimulus. Indian shares and the rupee rallied.
Palm oil stockpiles in Malaysia probably jumped to the highest level in eight months as exports from the world’s second-biggest producer declined for the first time since May, a Bloomberg survey showed. Futures fell.
Thailand’s economy has withstood coups and regime-changing protests for decades, luring manufacturers including Toyota Motor Corp. even when turmoil dented stocks and the baht. This time may be tougher.
PT Pertamina, Indonesia’s state-owned oil and gas producer, signed its first agreement to import liquefied natural gas in a deal to take supplies from Cheniere Energy Inc.’s project in Corpus Christi, Texas.
Indonesia’s rupiah slid to the lowest level in more than four years on speculation companies are boosting dollar purchases to make year-end payments, even as the central bank said the currency is “undervalued.”
Following the Standard & Poor’s 500 Index’s record high in November, will stocks continue their ascent amid what’s likely to be lackluster global expansion in 2014? In September, the U.S. Federal Reserve’s unexpected delay in tapering its stimulus program whipsawed debt markets. Where should bond investors go for returns?
U.S. Treasury yields rose to an 11- week high and stocks fell a fourth day as signs of economic growth fueled concern the Federal Reserve will scale back bond buying. Copper, gold and crude oil led commodities higher.