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His interlinked businesses included six listed commodities and logistics companies each with an X in its name, signifying the multiplication of wealth plus a handful of private firms such as a property developer and a gold-miner.
By the time it filed for bankruptcy its stockmarket valuation was 99% down on its peak and its bonds were trading at 8% of face value.OGX's slow-motion collapse showed Mr Batista's business empire six listed commodities and logistics firms, several smaller private ones including a property developer and a goldminer to be as fragile as a house of cards.
According to Merrill Lynch, a sign of speculative excess is that the spread between prices of listed commodities (bought by investors) and unlisted products is a record 60%.There are still plenty of believers in the long-term commodity case.
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Further down the road, outside Cargill's Stores, varnished wooden signs list the commodities long ago available within: waterproofs, ladies drapery, sporting goods, gramophones, travelling requisites.
The London-listed commodities trader will invest alongside Qatar as part of a Kremlin strategy of selling assets to raise funds needed to fill a hole in its budget left by low oil prices.
At the same time, Zambia, which has large mineral reserves, has recently been officially classified as a middle-income country The CTPD, which favours a windfall tax on mining companies, actively campaigns on tax-related issues and has tackled taxes of the Mopani mine, owned by Glencore, the FTSE-listed commodities trading company.
And Noble Group, the Hong Kong-based (and Singapore-listed) commodities trader, is a play on China's future growth.
To start, he notes that shipments out of the port would consist almost solely of the last commodity listed: coal.
dSugar is listed as a commodity under a price schedule according to the Ministry of Commerce, Industry and Cooperatives, Kiribati.
All the commodity plastics listed above fall into this category.
Hollywood's mouthpiece, the Motion Picture Association of America, has argued that the new market could tarnish "the reputation and integrity of our industry" and would constitute "unbridled gambling" — though there's nothing "unbridled" about the regulatory strictures involved in being listed on a Chicago commodity exchange.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com