Commodities
Sberbank launches physical commodities trading arm in Zug, Switzerland
Russia's largest lender has opened a commodities trading company in Switzerland focused on oil, base metals and bulk commodities.
Crispin Odey says governments could ban private gold ownership
Crispin Odey, one of Europe's most prominent hedge fund managers, has said governments might ban private ownership of gold if inflation runs out of control after the Covid-19 crisis.
Antofagasta says Covid-19 spike could restrict workforce
Antofagasta said its mines were producing copper at or near expected levels but that a recent rise in new Covid-19 cases in Chile threatened to restrict its ability to move workers to and from sites.
Gold hits fresh highs as economic fears mount
Gold prices have soared to a near-eight year high as concerns about the economic fallout from the Covid-19 pandemic mount.
Centamin sticks to guidance as rising gold price boosts profit
Centamin reiterated its financial guidance for the current year after the rising price of gold helped push the gold miner's annual profit up by 13%.
Oil demand edges up but record drop still looms, IEA says
Easing of lockdown measures has improved the outlook for oil but demand is still likely to suffer a record fall in 2020, the International Energy Agency said in its latest report.
HSBC had $200m one-day loss in choppy gold markets
HSBC lost about $200m in a single day in March because of disruptions in the gold market that caused prices in major markets to diverge widely.
Premier Oil expects to be cash flow neutral in 2020
Premier Oil said it expected to be cash flow neutral in 2020 as hedges against falling oil prices help support its finances.
BP boss says crisis could be 'peak oil' moment
The Covid-19 crisis could mark the passing of "peak oil" demand as businesses spend less on travel and employees work from home, BP's new boss said.