Wednesday, January 04, 2006

More commodities news and a Bank of Walmart?

Labor Strike at Chilean Copper Mine
A labor strike at the nationally-owned Chilean copper mine, Codelco, has led to a jump in copper futures in New York.

Bank of Walmart?
According to Walmart, they desire banking operations in order to reduce their costs related to payment processing. However, others in the banking industry fear this may be the first step in setting up a Bank of Walmart.

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