Latest News for: Swiss commodity trading

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Interview: Swiss investment manager Vontobel positive on performance of Chinese equities

Xinhua 24 Mar 2023
31st, 2022, Vontobel held 254.6 billion Swiss francs (235 billion U.S ... The China-Switzerland Stock Connect, created by Swiss stock exchange operator SIX Group and the Shanghai and Shenzhen bourses, was launched on July 28th last year ... Switzerland is known around the world as a top center for asset management, insurance and commodities trading.
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Swiss franc grapples with safe-haven identity crisis after Credit Suisse

Reuters 24 Mar 2023
Swiss-centric crisis sees Swiss franc lose favourInvestors ... Speculators added over $800 million to their bearish positions on the Swiss franc in the week to March 21, according to data from the Commodities Futures Trading Commission, the most in one week since early March 2021.
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Gunvor Looks To Replicate European Power Trading Success In U.S.

Oil Price 22 Mar 2023
Just two weeks after signing a US LNG supply deal with Chesapeake Energy, Swiss commodity trader Gunvor has ...
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Blockchain-Based Debt Protocol Obligate Records First Bond Issuance on Polygon Network

CoinDesk 22 Mar 2023
Swiss commodities trading firm Muff Trading AG issued corporate bonds using Obligate’s decentralized finance platform, which is set to open to the public on 27 March ... .
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JPMorgan Chase thought it had $1.3 million of nickel, but they were all bags of ...

Business Insider 21 Mar 2023
The case, which was discovered by the last week, highlighted the risks of commodity trading — but it isn't actually the first time a cargo handler's had such a rude surprise ... In November 2022, commodities trading giant Trafigura discovered carbon steel and other types of steel and iron instead of the nickel it had ordered.
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Vitol Revenue Skyrocketed 80% In 2022

Oil Price 20 Mar 2023
Swiss commodities trading giant Vitol has reported $500 billion in revenues for 2022, an 80% increase ...
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Glencore Fined $700m for Bribing Nigerian Officials, Others

This Day 01 Mar 2023
... fine and $272 million in forfeiture, in line with a plea deal reached last May between the mining and commodity trading giant and federal prosecutors in Manhattan ... Glencore is a Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland.
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Glencore ordered to pay $700m�by US judge in bribery case

Mining Weekly 01 Mar 2023
... for a global bribery scheme orchestrated by the Swiss-based commodities trading and mining giant.
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Glencore ordered to pay R13 billion in bribery case

News24 28 Feb 2023
Glencore was ordered by a federal judge in New York to pay $700 million (R13 billion) as a criminal punishment for a global bribery scheme orchestrated by the Swiss-based commodities trading and mining giant ... .
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Hezbollah’s elite Radwan Force trains to invade northern Israel

Cleveland Jewish News 23 Feb 2023
The Hezbollah terrorist group’s “Radwan Force” rehearsed an assault on northern Israel on Feb ... The oil shipment was part of a multi-cargo marketing agreement with Vitol, a Swiss-based multinational energy and commodity trading company, “the first of a new source of East Med energy to reach Europe,” the company said ... .
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Israel joins ‘oil exporters club’ with first-ever crude sent to Europe

Cleveland Jewish News 16 Feb 2023
The oil shipment is part of a multi-cargo marketing agreement with Vitol, a Swiss-based multinational energy and commodity trading company, “the first of a new source of East Med energy to reach Europe,” the company said ... .
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Glencore sees earnings reach new highs in 2022

Swissinfo 15 Feb 2023
Profits at Swiss mining and trading group Glencore last year were boosted by the explosion in commodity prices ... + How the Ukraine war impacted Swiss commodities traders According to unaudited ...
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Commodities Trader Trafigura Stung By 'Chf500bn Fraud'

MENA FN 09 Feb 2023
(MENAFN - Swissinfo) The Swiss commodities trader is taking legal action. Keystone / Martial Trezzini Swiss commodities trading company Trafigura says it has been defrauded to the tune of $577 ... .
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Commodities trader Trafigura stung by 'CHF500 million fraud'

Swissinfo 09 Feb 2023
Swiss commodities trading company Trafigura says it has been defrauded to the tune of $577 million (CHF530 million) by fake nickel shipments ... Random checks of these containers found they contained no nickel at all ... .
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World Insights: Key facts U.S. deliberately ignores about African debt

Beijing News 07 Feb 2023
© Provided by Xinhua ... In Chad, for example, the Swiss multinational commodity trading and mining company Glencore possesses about one-third of the country's external debt, while for Zambia, the American multinational investment company BlackRock is a major creditor, reported the French daily newspaper Le Monde on Jan. 30 ... In particular, the U.S.

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