Latest News for: Swiss commodities


Dollar gains with yen, Aussie drops as investors fret over recession risks

Reuters 01 Jul 2022
Register ... read more ... recession ... The dollar and other haven currencies like the yen and Swiss franc would benefit at the expense of commodity currencies and sterling for the duration of a global downturn, they added ... But that has not helped Aussie much, which has instead tracked commodity prices lower as the global economic outlook deteriorates ... ....

Swiss set to step up scrutiny of commodities traders

FX Empire 30 Jun 2022
ZURICH (Reuters) – Switzerland is set to take a closer look at Swiss-based commodities traders to get more intelligence about a sector that has flourished in a country known for its light-touch approach to regulation ... Around 900 Swiss-based commodity traders employ more than ...

Switzerland, the world’s top commodity trading hub, debates its overall maritime carbon footprint

Splash24/7 30 Jun 2022
In the preliminary draft, it was still a prerequisite that at least 60% of the tonnage of ocean-going vessels must sail under the Swiss or EEA flag ... The study concluded that the overall environmental impacts of traded commodities are 19 times higher than the ones caused by total Swiss consumption.

Federal Council aims to improve statistics on Swiss commodity trading (EAER - Federal Department of Economic Affairs, Education and Research of the Swiss Confederation)

Public Technologies 29 Jun 2022
This means that currently only rough estimates can be made of the sector's contribution to the economy, and no specific information is available on the goods traded by Swiss commodity traders ... The aim is to establish a solid foundation of reliable data on Swiss commodity trading that can be compared over time.

US stops tanker with Russian oil – media

Russia Today 29 Jun 2022
The ship loaded with fuel and vacuum gasoil was supposed to dock in New Orleans ... and was chartered by the Swiss-based commodities trader Vitol ... Read more Anti-Russia alliance explores oil options ... According to the Journal, however, the commodity tracking platform Kpler indicates that the Daytona’s cargo is Russian in origin ... .

Gunvor and Air Products join forces for Rotterdam port green hydrogen terminal

Splash24/7 28 Jun 2022
Swiss-based commodity trading giant Gunvor has signed a joint development agreement with US hydrogen producer Air Products to set up a green hydrogen import terminal in Rotterdam port by 2026 ... Allard Castelein, CEO, Port of Rotterdam, said ... First-mover projects like this will make Rotterdam Europe’s foremost hydrogen hub.” ... .

US authorities stopped a tanker full of Russian oil products on its way to New ...

Business Insider 28 Jun 2022
Russian oil export revenues have surged in 2022 ... The ship is currently being checked out by US Customs and Border Protection. The tanker is owned by Greece's TMS Tankers and was chartered by Swiss commodities trader Vitol, which told the Journal it operates "in full compliance with all relevant laws and regulations, including sanctions." ... ....

Traders with Swiss links continue to buy and sell Russian oil

Swissinfo 26 Jun 2022
While the major Swiss-based commodity traders – Trafigura, Glencore, Mercuria and Vitol – have decreased their volumes of Russian oil since the invasion of Ukraine began in late February, some ...

Russian commodities traders are scrambling to set up shop in Dubai after fleeing Switzerland

Business Insider 23 Jun 2022
Mikhail Svetlov/Getty Images Russian commodities traders are fleeing Switzerland for Dubai, Bloomberg reported ... Thanks to war-time sanctions in Switzerland, Russian commodities traders who normally work within Swiss territory are rushing to set up business operations in Dubai ... The Swiss have claimed neutrality amid war in Ukraine.

Switzerland firm pleads guilty to UK bribery charges in Africa oil scheme

Jurist 23 Jun 2022
A subsidiary of Swiss multi-national commodity trading and mining firm Glencore Tuesday pleaded guilty in a UK court to seven counts of bribery ... The Southwark Crown Court oversaw Glencore’s guilty plea ... Dutch and Swiss investigators are also examining Glencore’s actions in the Democratic Republic of the Congo ... ....
photo: Creative Commons / Iwona Rege
File - A view of Business Bay in Dubai, United Arab Emirates.

Russian commodities traders replace Switzerland with Dubai

Al Jazeera 22 Jun 2022
Swiss Sanctions ...It’s really the same, we take all the ordinance of the European Union into Swiss law.” ... While sanctions don’t include agricultural products, the trader has found it harder to get access to financing as Swiss banks are shying away from Russian commodities — whether they incur penalties or not, the person said.

Glencore Pleads Guilty To Bribery In London Court

MENA FN 22 Jun 2022
(MENAFN - Swissinfo) The Swiss commodities giant has already said it expects to pay an overall $1.5 million penalties for bribery and market manipulation following investigations in several ... .

Trading in Glencore shares surges! Should I buy, or am I too late?

The Motley Fool 21 Jun 2022
Glencore, one of the world’s largest commodities traders, has seen its revenue increase considerably this year ... The Anglo-Swiss multinational commodity trader is active in markets for metals and minerals as well as energy products and agricultural goods ... In February, the firm put its full-year commodities trading guidance at $32.8 per tonne.

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