13.05.2015 - Minor rally in prices unlikely to herald return to good old days
Recent weeks have seen both a struggle between two potential suitors seeking control of Asia Resource Minerals, an Indonesian coal company, and a debate over the soundness of the accounting practices at Noble Group, a Hong Kong-based, Singapore-listed trading company. The debate over Noble grew more intense after it reported a 30 per cent drop in operating income to $106m for the first quarter and came after several research reports criticised the group’s accounting. While developments at the two groups are unrelated on the surface, they underscore the difficulties faced by Asian commodity producers and the trading companies that serve as the middlemen between them and their customers...............................................Full Article: Source
Print