RUSSIAN OIL HAS GOT QUOTATION

Stephen C. Daffron, senior vice president of strategic planning and information services for the New York Mercantile Exchange (NYMEX), will leave the exchange July 19 to become vice president of planning and development at Goldman Sachs in New York. The move comes close on the heels of the June 24 ......

Chicago trader Jack McInerney spent last summer visiting Russia and its plethora of exchanges. He saw opportunity, both in Russia and abroad. Opportunity is knocking on the door of the former Soviet Union. The collapse of its old economic system has cleared the way for expansion into new horizons -- ......

Nymex and the Budapest stock and commodity exchanges want to trade Urals oil futures in the Hungarian capital. At present, Urals is not traded on an exchange. Russian oil is sold at a discount to Brent crude, which accounts for 2% of global production. Urals accounts for about 12% of ......

You may think the foundation of the United States economy resides inside Fort Knox where the country holds its billions of dollars in gold, or possibly that it resides in our political center, Washington, D.C. Nope, it's neither of them. The country's true economic center is Wall Street, where billions ......

Soviets blaze trail toward futures The USSR took the first step toward creating a futures market Sept. 19 with the opening of the Moscow Commodities Exchange (MCE). The brainchild of a group of young entrepreneurs, MCE is patterned after commodity exchanges that flourished in Russia before the revolution and during ......

The world's number three primary aluminum producer, RuSal, has plans to become the world's number one. The firm has hired U.S. engineering and construction giant Bechtel Corp. to conduct a feasibility study for a new 600,000-metric-ton/year smelter, in the Siberian energy-rich Irkutsk region. According to preliminary estimates, construction of the ......

The planned $4.5-billion merger between French aluminum producer Pechiney and Canadian rival Alcan may reduce volumes of metal traded on the London Metal Exchange (LME), suggest market analysts, but bring with it price stability. "My initial reaction is that I expect that some natural synergies would slow down business on ......