29.11.2011 - Companies freeze commodity hedging as Europe teeters
It's been a tough few months for companies that use derivatives to hedge their commodity costs. A collapse in industrial metal prices handed major paper losses to firms like Ford. The massive dislocation in crude oil benchmarks hit United Continental hard. And now, with deepening despair over the European economy and ever-present fears of a US slow-down, many companies that would normally be locking in their costs have retreated to the sidelines this month, market sources say..............................................Full Article: Source
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