Tracking Markets
Citigroup to sell entire stake in HDFC
Citigroup plans to raise up to $2.1 billion by selling its entire stake in Housing Development Finance Corp, three source with direct knowledge of the deal told Reuters. Full Article
Reuters Showcase
Kingfisher on the Brink
Turbulent times for "King of Good Times" Mallya. Full Article | Related Story
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
INTERVIEW - Clarksons starts iron ore swap trading
UAE telco Etisalat sues Indian JV partners
Etisalat said the civil lawsuit is against Etisalat DB's chairman and vice-chairman and Majestic Infracon Private Limited for fraud and misrepresentation. Full Article
LONDON |
LONDON (Reuters) - A unit of shipping services group Clarksons has begun iron ore swap trading and expects to see the largest growth from its Chinese clients and freight operators initially, the company's chief executive told Reuters on Wednesday.
Clarkson Securities Limited, the futures broking arm of the leading ship broker, has been offering cash-settled iron ore swaps since earlier this month.
"We have a huge number of clients that look at iron ore from the freight perspective," Chief Executive Alex Gray said in a telephone interview.
"We are interested as a group to move into the broking of other commodities and iron ore is a good fit for us."
(For more news on Reuters Money click www.reutersmoney.in)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters