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Commodity mogul lauds ‘restraint’ amid cash exodus

Posted on 01 March 2013

Commodities billionaire Richard Elman highlighted the benefit of financial restraint at a time when “funding is pulling out of the sector” as the Noble Group he founded unveil a rise in earnings despite a slump in agriculture.
Mr Elman, worth $1.8bn according to Forbes, blamed the “uncertainty” caused by elections and government changes in the likes of China and the US, as well as “echoes of the financial crisis” for causing “huge volumes of investment money to drain out of the commodity space” last year………………………………………..Full Article: Source


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