JPMorgan said today in a statement that it will be selling its physical commodities business to Mercuria Energy Group for $3.5 billion. The deal is expected to close in the third quarter of this year.
Articles Tagged "JPMorgan Chase & Co"
Moly – A brief overview of molybdenum price developments, supply and demand and significant market movers.
Iron – Bloomberg reported that Morgan Stanley has increased its iron ore prices forecast for 2013 on expectations that China’s economic growth will continue to rise on a rapid pace.
Gold – Bloomberg reported that JPMorgan Chase & Co has sold $35 million one-year notes linked to the price of gold, which marks the highest level in three years.