LONDON, Oct 8 (Reuters) – Gold and coffee helped to deliver trend-following hedge funds a positive result in September, a Societe Generale note showed on Tuesday, thanks to record commodities prices, rising equities and falling interest rates. Robusta coffee futures also reached record highs last month. Gold has surged almost 30% this year to a record high on Sept. The bank research did not show which pairs were on the other side of the currency crosses, nor what kind of way the commodities trades were structured. 26. The precious metal has been one of the best performing financial assets in 2024 for these kinds of hedge funds which use price and trading volumes data to find and trade market trends, said the SocGen note seen by Reuters. A long position is essentially a bet that an asset will rise in value. Over half of the trend funds posted a positive return for the month, the bank research showed. Sterling, though it proved a positive position in September was still a losing position for trend funds in the year so far. The mean return for the group of 96 funds tracked by Societe Generale’s prime brokerage trading desk returned roughly 0.7% for September, with the highest return coming in at a positive 7.41% and the lowest at a negative 15.77% said the note. New notable positions that trend followers entered towards the end of September included long positions in Hong Kong’s Hang Seng stock index, sugar, silver, lean hogs, German and Spanish stock indices the Canadian, Australian and New Zealand dollar, said the bank. Other losing positions for the year-to-date included the Mexican peso, silver and natural gas, it said. The Australian dollar, though adding to hedge fund performance in September, has drained the most from trend hedge funds this year, the SocGen note said. Top coffee producer Brazil has suffered a drought which has impacted much of the crop for the 2024-2025 season, pushing up prices.

Bali Sterling Silver Jewelry

RIO DE JANEIRO, June 30 (Reuters) – Brazilian state-controlled oil company Petróleo Brasileiro SA said on Friday it would review fuel prices more frequently as it seeks to regain market share it lost by keeping wholesale prices to retailers above global benchmarks. That committee includes the company’s chief executive, Pedro Parente, as well as Monteiro and Jorge Celestino, the company’s head of refining and natural gas. Since 2016, the state oil company has set fuel prices at least once a month, which is not often enough to keep up with international oil price changes and volatility in Brazil’s exchange rate, the company said in a press statement on Friday. Chief Financial Officer Ivan Monteiro said at a press conference on Friday. From July 3, the Petrobras sales and marketing division will adjust diesel and gasoline prices a maximum of 7 percent from a reference point set by an executive committee. Petrobras continues to dominate fuel production and retail sales in Brazil, but its higher wholesale prices have led to a sharp rise in imports of gasoline and diesel as competitors seek to undercut Petrobras at the pump. In exceptional circumstances, it could approve a price change larger than seven percent. Petrobras has been caught flat-footed by more nimble competitors that have been able to import gasoline and diesel they can sell more cheaply to gas station networks in the country. After years of subsidizing local consumption by keeping fuel prices low despite high international fuel costs, Petrobras kept prices fairly steady to make a profit after oil prices plunged in 2014. But that led the company to lose market share, so last October it introduced a policy of following international markets more closely. The reference price will include the cost of imports, taxes and margins.

It wouldn’t be a trip to the shore without collecting seashells. While vacationing in Ibiza with boyfriend Nicolo’ Oddi, Victoria’s Secret model Alessandra Ambrosio was right on trend. Avoid too many accessories that will weigh you down and instead rock one statement piece, like a shell cluster necklace. And it’s no surprise with high-end designers like Missoni, Isabel Marant and Altuzarra sending them down their runways. Shell accessories are the perfect addition for any warm weather look. Seemingly summer-only accessories reserved for tropical vacays, today’s shell fashions are so elevated, we think they’re here to stay all year long. Show off your style savvy by ditching your leather handbag for one with shell embellishments. This season, one of nature’s most beautiful creations have become very trendy with the fashion set. The iconic 65-year-old put her supermodel legs on display donning white high waisted shorts and a printed Etro blouse. Hit happy hour in a cute summer dress and a pair of trendy clear shoes. Christie Brinkley attended the 2019 Polo Hamptons Match And Cocktail Party in Bridgehampton, New York, looking summer chic. Stay comfy and look cute for a picnic in the park wearing paperbag shorts and a breathable linen top. Christie completed her sleek look with a raffia bucket bag featuring rhinestones and cowries by Italian label Aquazzura. The 38-year-old mother of two added daytime glam to her red bikini with the season’s hottest jewels. She protected her beautiful face from the sun with a creme felt hat and walked effortlessly through the grass in Marc Fisher platform sandals. She wore dangling shell earrings and layered a dainty gold cowrie choker with not one, but two other necklaces.

A man extradited from NSW after a woman’s body was found inside a box on the balcony of a Brisbane apartment will face court after being charged with murder. Assistance has been sought from Interpol to obtain a DNA profile from Ms Yan’s family. Queensland Police have confirmed Ms Yan’s mother has identified jewellery found with the body, which was wrapped in a sheet inside the sealed box at the unit in Hamilton. Ms Yan was reported missing on April 12 and the body was found on Monday. Zhao was arrested on the same day at his Sydney home. A formal forensic identification could take up to weeks, due to the body’s advanced state of decomposition, police said earlier this week. Yang Zhao, 26, was transported to Queensland by two officers ahead of his appearance in Brisbane Magistrates Court on Friday, police said in a statement. He is charged with murder and one count of interfering with a corpse following an investigation into the death of 30-year-old Chinese national Qiong Yan, who went missing more than three months ago.