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(Reuters) -Australia's Macquarie on Friday forecast higher short-term income from its commodities trading business, after the unit tapped volatile oil and gas prices to boost profit in the first half.
Financial conglomerates such as Macquarie have benefited from sharp volatility and supply chain disruptions in commodities markets that began in 2020 and increased this year with Russia's invasion of Ukraine.
The Sydney-based firm's Commodities and Global Markets (CGM) segment delivered a net pro...
>>> Read more: Macquarie sees more commodities unit strength after profit jumps
Financial conglomerates such as Macquarie have benefited from sharp volatility and supply chain disruptions in commodities markets that began in 2020 and increased this year with Russia's invasion of Ukraine.
The Sydney-based firm's Commodities and Global Markets (CGM) segment delivered a net pro...
>>> Read more: Macquarie sees more commodities unit strength after profit jumps
