| 19.03.2009 - Deutsche Bank expands iron ore presence |
| From FT: Deutsche Bank is taking a 49 per cent equity stake in London Dry Bulk, a physical and derivatives broker that is expanding from coal into iron ore. The move comes ahead of talks to settle annual iron ore contract prices at a time when global steel production has slumped. This year's negotiations between Chinese buyers and Australian and Brazilian suppliers are expected to be protracted..... Full Article: Source |