EU May Curb Speculation on Raw Materials

Monday, 05 Sep 2011 06:25 PM

 

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The European Commission is planning steps to rein in growing speculation in raw-material markets, the German business newspaper Handelsblatt reported, citing proposals by financial services commissioner Michel Barnier.

Investors and traders should be obliged to “prevent market abuse” and ensure proper pricing of raw materials including wheat, cooking oil and metals, the newspaper said in an article to be published in Tuesday's edition, citing a legal blueprint drawn up by Barnier.

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