(Bloomberg) The Chinese nickel tycoon whose big short position caused chaos in the market reached a deal with his banks for a standstill agreement to avoid further margin calls.
During the standstill period, Xiang Guangda’s Tsingshan Group Holding Co.
Gold dropped the most in more than two weeks and wheat slid after Russia announced a partial pullback of its troops massed near the Ukrainian border. Most industrial metals held gains. Western officials cautiously welcomed the move, but said they needed to see evidence the withdrawal was actually taking place.…
By Tatiana Freitas (Bloomberg) Coffee futures reached the highest in ten years in New York amid mounting concerns over tight supplies and space aboard ships. Arabica prices have more than doubled.