Latest News for: Swiss commodities

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Trafigura extends notice terms to up to a year after trader departures

Tradewinds 11 Sep 2024
Swiss commodities giant Trafigura is increasing the ...
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BUSINESS LIVE: GDP growth stalls; Rightmove rejects £5.6bn REA bid; Boohoo write down on US shake-up

This is Money 11 Sep 2024
Billionaire Alex Beard, 57, who was head of oil at the Swiss commodities giant for more than a decade, will plead not guilty, his lawyer told London’s Westminster Magistrates Court.
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Glencore billionaire in court for corruption over payments to Nigeria and Cameroon

The Daily Mail 10 Sep 2024
Billionaire Alex Beard, 57, who was head of oil at the Swiss commodities giant for more than a decade, will plead not guilty, his lawyer told London’s Westminster Magistrates Court.
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head of oil appears in UK court on bribery charges

Hindustan Times 10 Sep 2024
LONDON, Sept 10 - Glencore's former head of oil Alex Beard appeared in a London court on Tuesday to face bribery charges relating to the Swiss commodity trader's operations in Africa.
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Pressure Mounts for EPA to Finalize Cleanup Plan at CFAC Superfund Site

Flathead Beacon 05 Sep 2024
Those plans between local developer Mick Ruis and Glencore, the Swiss commodities giant that owns CFAC, are contingent on EPA finalizing the details of its proposed cleanup plan by issuing a planning document called a Record of Decision (ROD) ... Sen ... .
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Swiss franc carry trade comes fraught with safe-haven rally risk

Khaleejtimes 02 Sep 2024
Speculators have held on to a $3.8 billion short position against the Swiss franc even as they have abruptly moved to a $2 billion long position on the yen, US Commodity Futures Trading Commission data shows.
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Teck Resources announces new business structure after exiting coal

North Shore News 30 Aug 2024
VANCOUVER — Teck Resources Ltd ... Earlier this summer, Teck successfully closed the sale of its remaining 77 per cent interest in its steelmaking coal business, Elk Valley Resources, to Swiss commodities giant Glencore ... 30, 2024 ... .
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TotalEnergies Trading hit with $48m fine for attempted market manipulation 

Offshore Technology 28 Aug 2024
The US Commodity Futures Trading Commission (CFTC) has issued charges against Swiss energy trader TOTSA TotalEnergies Trading, requiring it to pay a $48m (SFr40.47m) penalty for “attempting to manipulate the market”.
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Court rejects Glencore appeal over stake in Rosneft

The Times/The Sunday Times 22 Aug 2024
Sberbank, the state-ownedbank, secured court approval to seize Glencore’s assets as payment for oil supplies delivered under an agreement with the bank’s Swiss commodities subsidiary, Sber Trading Swiss.
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Good start to the week

Moneyweb 20 Aug 2024
Viv Govender of Rand Swiss discusses the day's market moves, commodities, platinum versus gold, the focus on this week's Jackson Hole symposium, what he has his eye on, and investor sentiment around SA ... .
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Swiss corruption trial of Trafigura set for December

Swissinfo 15 Aug 2024
The Swiss trial of Trafigura Group and its former Chief Operating Officer Mike Wainwright on corruption charges has been scheduled for December — in a case that’s likely to shine a renewed light on ...
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Six hotels lined up as demand for Geneva Dry 2025 heats up

Splash24/7 15 Aug 2024
Delegates, speakers and sponsors are signing up en masse to next year’s Geneva Dry, the world’s premier commodities shipping summit, with organisers today unveiling special rates at six hotels in the Swiss city.
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Developers of stalled Minnesota copper-nickel mine plan studies that may lead to significant changes

Wtop 15 Aug 2024
It is a 50-50 joint venture between Swiss commodities giant Glencore and Canada-based Teck Resources. The project was renamed NewRange Copper Nickel last year, but it is still widely known by its old name, PolyMet ... said in a statement. ___ ... Source .
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Glencore drops plan to exit coal

Dawn 08 Aug 2024
Swiss commodities giant Glencore announced on Wednesday that it had decided against spinning off its coal business for now after consulting shareholders who view the polluting fossil fuel as a cash-generating activity.
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Glencore move underlines green transition problems

The Irish Times 08 Aug 2024
... from commodities trader Glencore. The Swiss-based firm is one of the biggest traders of the likes of coal, oil & gas and many other commodities that we use in day-to-day life.

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