Latest News for: Swiss commodity


Glencore ordered to pay almost $500m in oil price manipulation case

Business Day 23 Sep 2022
The Swiss commodities trading firm, which pleaded guilty in May, was sentenced on Friday by US district judge Sarala v Nagala in Hartford, Connecticut ... Nagala delayed the sentencing in June to give Petroleos Mexicanos and its PMI Trading DAC trading arm additional time to claim restitution as a victim of the commodities firm’s fraud ... Bloomberg .

ADNOC mulls Gunvor swoop

Splash24/7 22 Sep 2022
Abu Dhabi National Oil Company (ADNOC) is reportedly looking to buy all or part of the Swiss-based commodity trading giant Gunvor ... The deal, which could go from merging trading businesses to a complete takeover, would significantly increase the UAE’s reach in global commodity ...

Nestle sees UK profits surge on back of rising prices

This is Money 17 Sep 2022
Following the bonanza, the division paid its Swiss parent a �180.7million dividend.�. Nestle has increased prices to cope with rising commodity, energy and transport costs.�.

South Korea deepens its ties with India through Asia Model Festival 2022

The Eastern Herald 14 Sep 2022
Face of India 2022 grand finale held in Pune. PUNE, India, Sept. 14, 2022 /PRNewswire/ — Asia has become a notable force within the fashion business ... </div> ... The extensive judging panel included Mr ... military for seven decades ... Talking about the pageant Mr ... Megha Kaushik (Breguet, Swiss Luxury Watches), Mr. Kiran Bhagia (Swan Commodities), Mr ... �.

Gunvor taps McDermott for Rotterdam green hydrogen terminal FEED

Splash24/7 07 Sep 2022
Swiss-based commodity trading giant Gunvor has contracted Houston-headquartered McDermott International and its storage business, CB&I, for a front-end engineering design (FEED) of a green hydrogen import terminal in Rotterdam ... .

Russia’s Sberbank Switzerland changes hands to new Swiss owner

Swissinfo 05 Sep 2022
The Swiss branch of Russia’s Sberbank has been sold to the Geneva-based m3 Groupe Holding company, freeing the bank from intensive supervision by Swiss financial regulator ... of the commodities trade.

City row as investors claim Phoenix being sold on the cheap to Swiss giant

London Evening Standard 01 Sep 2022
A DAVID and Goliath City battle broke out today when minority shareholders in Phoenix Global Resources vowed to fight off a �200 million takeover deal from Mercuria, a Swiss commodity behemoth with sales of $130 billion a year ... .

The world's rivers, canals and reservoirs are turning to dust

The Keene Sentinel 27 Aug 2022
Rivers across the globe are disappearing. From the U.S ... Canals are empty ... Rivers that have been critical to commerce for centuries are now shriveled, threatening the global movement of chemicals, fuel, food and other commodities. The Rhine — a pillar of the German, Dutch and Swiss economies — has been virtually impassable at times in recent weeks ... .

Wall Street bounces on demand for technology stocks

Beijing News 26 Aug 2022
NEW YORK, New York - Technology stocks led a rebound on Wall Street Thursday as bond yields softened ... Bank Wealth Management in Minneapolis, told Reuters Thursday ... The U.S ... The Japanese yen appreciated to 136.51 ... The Swiss franc firmed to 0.9636. The Australian dollar led the commodity bloc with a strong rise to 0.6977 by the New York close Thursday.

Adani Group readies Ambuja, ACC open offers after SEBI nod

Financial Express 19 Aug 2022
Both offers will run between August 26 and September 9 ... Market LIVE ... Nifty to hit new all-time high of 19425 in next 12 months, cooling commodity prices provide comfort. The Sebi-mandated offers are a result of the acquisition of Swiss-based Holcim’s 63.11% stake in Ambuja Cement and 4.48% stake in ACC, and a 50.05% stake held by Ambuja Cement in ACC.

Coal Is in Hot Demand. That’s Good News for Glencore’s Stock.

Barrons 18 Aug 2022
Swiss-based commodities company has emerged as a prime beneficiary of ...

Web3 giant Parity Technologies teams up with Watr over platform to track ethical commodities

Crunch 17 Aug 2022
With everyone now talking about energy, how commodities are traded is also becoming a talking point ... We covered how the Watr Foundation, a Swiss-registered foundation created by experience commodities founders, plans to do this via the use of blockchains, incorporating the technology into commodities trading.

Ukraine puts Indonesia on brink of a noodle crisis

Asiatimes 16 Aug 2022
“There’s no shortage of supply,” Welirang told Asia Times ... Photo. WikiCommons ... Four days earlier, the first shipment of 22,600 tonnes of wheat belonging to PT Comexindo, a joint venture between US-Swiss company Harvest Commodities and Indonesia’s Asari Group, left the Russian port of Novorossiysk bound for Egypt ... Photo. Twitter ... ....

Indonesia’s Comexindo first to ship grain from Russia since war

The Jakarta Post 10 Aug 2022
PT Comexindo International, a joint venture (JV) between Indonesia’s Arsari Group and United States-Swiss company Harvest Commodities, has become the first company to ...

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