Heath Tarbert, the Treasury Department’s assistant secretary for international markets, is slated to be nominated by the White House as chairman of the U.S. Commodity Futures Trading Commission, according to a person familiar with the matter. Tarbert, who was sworn in at Treasury last year, is expected to be named soon to succeed CFTC Chairman Chris Giancarlo next year, the person said. Giancarlo’s term as the head of the government's derivatives regulator ends in April 2019.Story Continued Below The Treasury Department did not immediately respond to a request for comment. Tarbert is a member of the Financial Stability Board, the international body established after the financial crisis to monitor global markets, and serves on its steering committee, according to his biography on the Treasury website. Prior to joining Treasury, he was a partner at the international law firm of Allen & Overy LLP. He was also a special counsel to the Senate Banking Committee and a law … [Read more...] about Treasury official to be nominated to head Commodity Futures Trading Commission
U s commodity futures trading commission
Houston investment firm fined $1.5 million for illegal trades
By James Osborne Updated 5:58 am CDT, Wednesday, October 2, 2019 Natural gas being flared at well site north of Odessa, Texas, Jan. 29, 2016. >> Keep clicking through the above gallery to see some of the biggest frauds and scams in Houston's history. Natural gas being flared at well site north of Odessa, Texas, Jan. 29, 2016. >> Keep clicking through the above gallery to see some of the biggest frauds and scams in Houston's history. Photo: MICHAEL STRAVATO, STR / NYT Photo: MICHAEL STRAVATO, STR / NYT Image 1 of / 19 Caption Close Image 1 of 19 Natural gas being flared at well site north of Odessa, Texas, Jan. 29, 2016. >> Keep clicking through the above gallery to see some of the biggest frauds and scams in Houston's history. Natural gas being … [Read more...] about Houston investment firm fined $1.5 million for illegal trades
PRECIOUS-Gold dips as U.S.-China trade woes support dollar, palladium hits record high
* Palladium hits record high at $1,700.71/oz * Holdings in SPDR Gold Trust fell 0.2% on Friday * GRAPHIC-2019 asset returns: tmsnrt.rs/2jvdmXl (Updates prices) By Diptendu Lahiri Sept 30 (Reuters) - Gold fell on Monday as uncertainties around the U.S.-China trade war drove some investors to the safety of the dollar, pressuring assets priced in the U.S. currency. Autocatalyst metal palladium however rallied to another record high, with expectations for a deficit this year helping it to breach the $1,700 an ounce level for the first time. Spot gold fell 0.4% to $1,490 per ounce at 0743 GMT, after prices hit $1,486.60 in the previous session, their lowest since Sept. 18. U.S. gold futures dipped 0.6% to $1,496.60 per ounce. The dollar index held near its highest in a week. “In the short term, investors are sliding towards a dollar-denominated safe-haven appeal,” said AxiTrader market strategist Stephen Innes. European and Asian stock markets, including China’s, … [Read more...] about PRECIOUS-Gold dips as U.S.-China trade woes support dollar, palladium hits record high
It’s a bitter end for sugar as investors line up for 2019 losses
Fabiana Batista, Bloomberg Published 6:20 am PST, Monday, December 17, 2018 A backhoe loader pushes sugar into a pile inside a storage facility at the Tiplam terminal in Santos, Brazil, on May 25, 2017. A backhoe loader pushes sugar into a pile inside a storage facility at the Tiplam terminal in Santos, Brazil, on May 25, 2017. Photo: Bloomberg Photo By Patricia Monteiro. Photo: Bloomberg Photo By Patricia Monteiro. Image 1 of / 1 Caption Close Image 1 of 1 A backhoe loader pushes sugar into a pile inside a storage facility at the Tiplam terminal in Santos, Brazil, on May 25, 2017. A backhoe loader pushes sugar into a pile inside a storage facility at the Tiplam terminal in Santos, Brazil, on May 25, 2017. Photo: … [Read more...] about It’s a bitter end for sugar as investors line up for 2019 losses
Oil settles up as U.S. unemployment rate drops, but crude ends week down 5%
NEW YORK (Reuters) - Oil prices rose about 1% on Friday as an increase in U.S. jobs eased some financial market concerns that a slowing global economy could dent oil demand, but crude fell more than 5% on the week, its second consecutive weekly decline. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann/File Photo Brent crude LCOc1 futures gained 66 cents, or 1.14%, to settle at $58.37 a barrel. West Texas Intermediate (WTI) crude CLc1 futures rose 36 cents, or 0.7%, to settle at $52.81 a barrel. Brent futures fell 5.7% for the week, its biggest weekly drop since July. WTI lost 5.5% for the week, also its steepest fall since July. “The oil market is fixated on macro-economic issues and not necessarily current supply or demand,” said Phil Flynn, an analyst with Price Futures Group. U.S. job growth increased moderately in September, with the unemployment rate dropping to near a … [Read more...] about Oil settles up as U.S. unemployment rate drops, but crude ends week down 5%