As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Click to email CW8888 or Email ID :

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Monday, 17 October 2011

Noble shuts London coal trading desk: sources

MADRID - Noble Group, one of the biggest physical coal traders, shut its London coal trading desk and will focus on growing its coal business out of Asia, sources close to the company said.

Several Noble physical and coal swaps traders have left the firm as a result.

'Noble is primarily an Asia-based business for coal so it makes sense to grow the business there, where all the future demand growth and a lot of new production is going to come from,' one former Noble trader said.

In May, Noble executive vice-president Neil Dhar forecast Chinese coal import demand will rise to 200 million tonnes by 2015.

Noble was one of the first traders to develop a sizeable Pacific region coal business alongside Glencore. -- REUTERS

No comments:

Post a comment

Related Posts with Thumbnails