Latest News for: Swiss commodity trading

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Credit Suisse warned about invoice linked with Gupta

The Times/The Sunday Times 03 Jun 2021
The Swiss bank’s own commodities trading finance division flagged its concerns over Gupta with compliance officers after discovering that its funds were investing in.
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Could a UN treaty force mining companies to behave responsibly?

Open Democracy 27 Apr 2021
As in the past, activists have focused their attention on Glencore, the giant Anglo-Swiss commodities trading and mining company ... Switzerland’s Responsible Business Initiative, according to activist Stephan Suhner, a member of ask!, a Swiss-Colombia working group, would have contained "due diligence" measures.
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BP Guangzhou Oil staffers detained for alleged illegal trading

Hong Kong Standard 20 Apr 2021
... trading, three people said, Reuters reports ... The company trades fuel and operates storage facilities in Guangzhou ... In 2017, prosecutors in Guangdong charged an employee of Swiss commodity trader Gunvor Group for allegedly smuggling LCO and evading taxes on sales, Reuters reported.
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China police detain 2 staff of BP venture, others in fuel trade probe -sources

Yahoo Daily News 20 Apr 2021
The company trades fuel and operates storage facilities in the provincial capital Guangzhou ... In 2017, prosecutors in Guangdong charged an employee of Swiss commodity trader Gunvor Group for allegedly smuggling LCO and evading taxes on sales, Reuters reported.
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Fears for thousands of British steel jobs as Sanjeev Gupta's Australian business crumbles

The Daily Mail 07 Apr 2021
Fresh fears have been raised about UK steel jobs after Sanjeev Gupta’s empire was thrown deeper into crisis ... Jobs fears. Sanjeev Gupta employs around 5,000 people in the UK including 3,000 at Liberty Steel ... Share ... Last week, the Swiss investment bank filed papers to wind up a trading company, Liberty Commodities ... One free trade per month. Share trading ... .
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Sanjeev Gupta gearing up for war over steel empire

This is Money 03 Apr 2021
Industrial tycoon Sanjeev Gupta has drafted in a 'barrage' of lawyers to defend his steel empire as a crisis at its biggest lender threatens to engulf him ... Credit Suisse, the Swiss bank that provided $10billion in funding to Greensill, has petitioned a winding-up order on GFG's commodities trading business ... 'We have our legal defences ready ... He added.
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Sanjeev Gupta gearing up for war over steel empire: Liberty Steel tycoon enlists a 'barrage ...

The Daily Mail 03 Apr 2021
Industrial tycoon Sanjeev Gupta has drafted in a 'barrage' of lawyers to defend his steel empire as a crisis at its biggest lender threatens to engulf him ... Credit Suisse, the Swiss bank that provided $10billion in funding to Greensill, has petitioned a winding-up order on GFG's commodities trading business ... One free trade per month. Share trading ... .
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Swiss startup launches tokenized grain trading pilot

The Coin Telegraph 31 Mar 2021
Tokenization of real-world commodities could drastically reduce trading costs, says one Swiss startup as it pilots a new non-fungible token system ....
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The shadowy world of Swiss banking

The Spectator 15 Mar 2021
Swiss banks are hardly exciting places ... But take a look at what has been going on in Swiss courts this year and you might think again ... While the referendum won the popular vote, it did not pass as too few cantons (Swiss counties) passed it ... An example is the commodity trading house Vitol, which made a deal with the USA to settle FCPA investigations”.
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The Energy Bulletin Weekly 15 March 2021

Resilience 15 Mar 2021
Swiss oil trading. According to the data from Switzerland’s State Secretariat for Economic Affairs, commodity trading accounted for 4.8 percent of the Swiss GDP in 2018, much more than the tourism sector, which represented 2.9 percent of GDP that year.
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Oil trading is bigger contributor to Switzerland's GDP than tourism

Beijing News 12 Mar 2021
Oil and other commodity trading have a much larger share in the gross domestic product (GDP) of Switzerland than its tourism sector, according to data from the Swiss State Secretariat for Economic Affairs cited by Bloomberg.
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Oil trading is bigger contributor to Switzerland’s GDP than tourism

Russia Today 09 Mar 2021
Oil and other commodity trading have a much larger share in the gross domestic product (GDP) of Switzerland than its tourism sector, according to data from the Swiss State Secretariat for Economic Affairs cited by Bloomberg.
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Meet Kyril Louis-Dreyfus, 23 – English football's youngest chairman

The Guardian 20 Feb 2021
Heir to Swiss commodity trading empire takes helm at Sunderland pledging to match the fans’ passion Meet ...
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Crude Oil Prices Post Modest Gains

Jacksonville Free Press 29 Jan 2021
Energy Information Administration showing a large drain on commercial crude oil inventories sent crude oil prices higher in trading this week ... Giovanni Staunovo, a commodities analyst at Swiss investment bank UBS, explained the draw on crude oil inventories in general was reflective of a decline in U.S.
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Switzerland's irresponsible reign on the sea

Swissinfo 27 Jan 2021
Given Switzerland is one of the most important financial centres and the world’s largest commodity trading market as well as an important insurance (Swiss Re, Zürich) and logistics hub (Kühne+Nagel, ...
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