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Barclays and CDB form commodities alliance

China Development Bank (CDB) and Barclays have formed a commodities strategic alliance, which will initially focus on energy, metals and emissions. The move comes after CDB took a £1.5 billion (3.1%) share in Barclays, parent company of investment bank Barclays Capital, in July.

The alliance will see Barclays develop commodity products origination and trading capabilities within CDB, and enhance

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