Latest News for: Swiss commodity trading

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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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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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British stocks down 1.30 pct Wednesday

China.dot.org 27 Jan 2021
LONDON, Jan ... Glencore, an Anglo-Swiss multinational commodity trading and mining company, dropped 6.75 percent ... Enditem .
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Stock markets in Asia struggle, most indices fall

Beijing News 18 Dec 2020
China's Shanghai Composite, and the Hang Seng in Hong Kong were also in the red, as trading continued late in the day ... dollar remained friendless throughout the Asian trading zone. The euro was well bid at 1.2254, while the Japanese yen consolidated its recent run higher, to last trade at 103.34.
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Major Australian firms pay more in political donations than taxes

Russia Today 12 Dec 2020
Some of Australia’s largest corporations paid tax of 10 percent or less of their profit in 2018-2019, but made political contributions that are much more substantial ... At the same time, Glencore Holdings, a subsidiary of Swiss mining and commodity trading group, paid $11 million in tax on its $110 million in profit – a rate of 10 percent ... .
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Vitol ‘An MBA in Corruption’

Petroleum World 08 Dec 2020
... to a separate order from the Commodity Futures Trading Commission ... Vitol’s deferred prosecution agreement “vividly illustrates the all too real corruption risks posed by commodity trading,” said Anne Fishman, a commodities expert at Swiss NGO Public Eye.
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