GFM Network News

EU Executive Pledges Curbs On Commodity Speculators

The European Union’s execut ive announced plans Feb. 2 to tackle speculation in commodities with new controls on trading to stop runaway prices for grain and energy. Spiralling food prices, which helped spark deadly riots that brought down the ruling regime in Tunisia, have prompted Middle Eastern neighbours to stockpile grain. Rising commodity prices have

EU Seeks Curbs On Food And Energy Speculators

The European Commission unveiled plans on Dec. 8 to clamp down on speculators in commodities and combat insider trading and manipulation of gas and power markets as it sought to catch up with Washington’s tough regime. The EU’s financial services chief, Michel Barnier, and its energy commissioner, Guenther Oettinger want traders to disclose buying and