Latest News for: Swiss commodity trading

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Geneva oil trader reaches $661M settlement with US, Swiss authorities over bribery in Ecuador

Times Union 02 Mar 2024
GENEVA (AP) — Geneva-based commodities trading firm Gunvor said Friday that it has reached a $661 million settlement with U.S. and Swiss prosecutors after convictions for bribery of foreign officials ...
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AP Business SummaryBrief at 2:58 p.m. EST

McAlester News-Capital 01 Mar 2024
Geneva oil trader reaches $661M settlement with US, Swiss authorities over bribery in Ecuador. GENEVA (AP) — Geneva-based commodities trading firm Gunvor said Friday that it has reached $661 million settlement with U.S.
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AP Business SummaryBrief at 4:08 p.m. EST

The Eagle-Tribune 01 Mar 2024
Geneva oil trader reaches $661M settlement with US, Swiss authorities over bribery in Ecuador. GENEVA (AP) — Geneva-based commodities trading firm Gunvor said Friday that it has reached $661 million settlement with U.S.
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AP Business SummaryBrief at 3:23 p.m. EST

Enid News & Eagle 01 Mar 2024
Geneva oil trader reaches $661M settlement with US, Swiss authorities over bribery in Ecuador. GENEVA (AP) — Geneva-based commodities trading firm Gunvor said Friday that it has reached $661 million settlement with U.S.
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AP Business SummaryBrief at 4:17 p.m. EST

SCNOW Morning News 01 Mar 2024
Geneva oil trader reaches $661M settlement with US, Swiss authorities over bribery in Ecuador. GENEVA (AP) — Geneva-based commodities trading firm Gunvor said Friday that it has reached $661 million settlement with U.S.
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Glencore May Snap Up Shell Oil Assets in Singapore

Oil Price 28 Feb 2024
This is according to unnamed sources who spoke to Reuters, saying that the Swiss commodity trading major ...
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UK Sanctions Dutch Oil Trader for Trafficking in Russian Oil

The Maritime Executive 23 Feb 2024
The government of Britain has sanctioned Swiss trading house Paramount Energy & Commodities SA and its owner for alleged violations of the G7 price cap ... DMCC, began executing a similar trading pattern.
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O’Kane in Mercuria talks after forgoing Macquarie millions

The Daily Telegraph Australia 18 Feb 2024
... trading firm Mercuria, according to media reports.
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Swiss prosecutors reportedly probing Russia sanctions breaches

Swissinfo 13 Feb 2024
Two commodity trading firms based in the Alpine nation are alleged to have bypassed the Russia sanctions via subsidiaries abroad, according to Swiss public radio, SRF ... commodity trading companies are ...
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‘Economic wars’ and national strength

The News International 16 Jan 2024
Commodities firms had other ideas.”. The story is about how Gunvor Group Ltd (a Swiss commodities trading firm) and Eni S p A (an Italian oil company) essentially cheated the Pakistani people and were rewarded with massive profits.
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Glencore is latest firm in Richard Spoor’s class action crosshairs

Independent online (SA) 13 Dec 2023
Swiss commodity trading and mining company Glencore has been served with court papers by Richard Spoor Incorporated (RSI) for allegedly breaching their duties to mineworkers in South Africa.
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Miner Anglo American could become takeover target, say analysts

The Observer 11 Dec 2023
The company is also listed in Johannesburg ... The Swiss commodities trading firm took over Xstrata, a company that made an abortive attempt to merge with Anglo in 2009 ... Sign up to Business Today. Free daily newsletter ... after newsletter promotion ... .
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Trafigura staff ‘complicit in nickel fraud’

The Times/The Sunday Times 06 Dec 2023
The privately owned Swiss commodities trading giant is embroiled in a high-profile lawsuit against Prateek Gupta, an Indian businessman, who Trafigura alleges masterminded a huge fraud against the company. Sponsored ... .
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Switzerland seeks data on commodity trading in face of Russia-Ukraine war

Swissinfo 23 Nov 2023
The Swiss government will begin collecting data from commodity trading companies as the war in Ukraine highlights the importance of the sector both domestically and for foreign policy, the Federal ...
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