Commodity producers took center stage on Wednesday as BHP Billiton, the world’s largest mining company, made a $40 billion hostile takeover offer for Potash, the world’s biggest producer of fertilizer. The deal has roiled the markets, boosting Potash’s share price 30 percent in just two days. BHP is offering $130 per share in cash for… Read more.
CME Group and Dow Jones Indexes announced Tuesday the launch of a new index called the Dow Jones CME FX$INDEX, which they say will give futures brokers and traders a more efficient way to trade global currencies against the U.S. dollar. The index represents the value of the dollar as compared to a basket of… Read more.