| Lower commodities prices will spur the global economy and China remains a boon for raw materials despite the country's recent weak data, Swiss trading house Trafigura's founder Claude Dauphin said on Monday as his firm reported a rise in core earnings.
"It is also worth remembering that current lower commodity prices will themselves act as a boon to the world economy, along with lower freight and financing costs," Dauphin, Trafigura's executive chairman, said in a statement. He said Trafigura, one of the world's largest commodities traders, was insulated from sharp price fluctuations because it hedges price risk. "But we are not indifferent to the benefits of falling prices for growth," Dauphin added...............................................Full Article: Source
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