Latest News for: Swiss commodities

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TotalEnergies shareholders back oil giant's climate strategy despite protests

Urdu Point 26 May 2023
TotalEnergies shareholders on Friday backed the French oil giant's climate strategy as it faces pressure from both environmental activists and the government to speed up its switch to renewable energy ... In Switzerland on Friday, shareholders of Swiss commodities giant Glencore sought to hold the company accountable over its coal strategy ... ....
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Swiss Gov't Refuses to Tax Profits Driven From Ukraine Conflict

Urdu Point 24 May 2023
Members of the Swiss government's economic ... The rejected initiative proposed imposing a tax on Swiss companies that took advantage of the sharp rise in global commodity prices to make significant profits, given that 80% of Russian exports are processed through Switzerland.
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Debt ceiling stalemate hampers U.S. stock markets

Beijing News 23 May 2023
The Canadian Dollar faced slight pressure against its American counterpart amid fluctuations in commodity prices ... Meanwhile, the Swiss Franc, denoted by USDCHF, edged up 0.16 percent to 0.8978. The franc witnessed some appreciation against the dollar as market participants sought refuge in the Swiss currency.
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Glencore has to fend off a land claim in SA

Business Day 22 May 2023
Swiss commodities group Glencore is holding its cards close to its chest about a land claim at one of its operations in SA ... The commodities giant has been under pressure to bring down its emissions ... The diversified miner and commodities marketer, which has a secondary listing on ...
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Rare shipment of oil heads to SA for Glencore’s refinery

Independent online (SA) 22 May 2023
US oil exports this year hit a record 4.5 million barrels per day as competitive pricing for US grades and China's reopening after Covid-19 have fuelled global demand for oil ... The 850 000 barrel-cargo of West Texas Light was purchased by Swiss-commodities trader Glencore, a person familiar with the matter said ... REUTERS .
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Seven African Presidents Join Buhari to Open Dangote Refinery, Continent’s Game Changer

This Day 22 May 2023
*Oramah ... *Rewane ... According to the source, global commodity traders in the oil and gas industry, including Singapore-based Trafigura, one of the world’s largest independent traders of oil and petroleum products; and Vitol, a Swiss-based Dutch multinational energy and commodity trading company, would all be in attendance ... governors, senators ... Oramah ... .
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Coal is still key to Teck – and our energy transition

North Shore News 21 May 2023
Sensing weakness, Swiss mining and commodities giant Glencore PLC (LON.GLEN) swooped in with a US$23 billion offer to buy the company outright, causing a stir of Canadian nationalism, with many high-profile Canadians and politicians opposed to the idea of a great Canadian mining ...
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Rare shipment of U.S. oil heads to South Africa for Glencore refinery

Reuters 20 May 2023
HOUSTON, May 19 (Reuters) - A shipment of U.S ... U.S. oil exports this year hit a record 4.5 million barrels per day as competitive pricing for U.S ... But competitive pricing for U.S ... The last shipment of U.S ... The 850,000 barrel-cargo of West Texas Light was purchased by Swiss-commodities trader Glencore (GLEN.L), a person familiar with the matter said ... ....
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Saudi Aramco sees slowed progress on planned IPO of trading unit - sources

Reuters 11 May 2023
Bloomberg earlier reported the oil giant would postpone the IPO, citing people with knowledge of the matter ... They have slowly gained market share from oil majors and Swiss commodity merchants, using access to their own feedstocks and strength in refining to compete aggressively. Aramco's share of U.S ... shale output grew ... Our Standards ... Read Next.
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Rival threatens to block Glencore’s $23bn Teck bid

The Times/The Sunday Times 10 May 2023
Led by the mining veteran Pierre Lassonde, the move could prevent Glencore from acquiring Canada’s largest diversified miner, which in April rejected an unsolicited takeover offer of $23 billion from the Swiss miner and commodities ...
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Glencore and Li-Cycle Plan to Build Battery Recycling Hub in Italy

Market Watch 09 May 2023
The Anglo-Swiss commodity miner and trader and the Canada-based battery recycling upstart signed a letter of ...
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Li-Cycle and Glencore unveil plans for recycling hub in Italy

Reuters 09 May 2023
Companies. Li-Cycle Holdings CorpFollow. Glencore PLCFollow. May 9 (Reuters) - Battery recycler Li-Cycle Holdings Corp (LICY.N) said on Tuesday it planned to develop a recycling hub in Italy along with Swiss miner and commodity trader Glencore Plc (GLEN.L) to produce battery materials including lithium ... Our Standards ... Read Next / Editor's Picks.
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A consortium led by mining veteran Pierre Lassonde is proposing buying Teck’s coal business in bid to thwart Glencore

North Shore News 09 May 2023
Mr. Lassonde is co-founder and chair emeritus of Franco-Nevada Corp., FNV-T the world’s biggest mining streaming and royalty firm ... We’re waiting to hear from them as to which way they want to proceed,” Mr ... Mr ... Mr ... Lassonde ... The giant Swiss mining and commodities trading house was rebuffed by Teck’s board on two occasions ... Mr ... Mr ... Mr.
photo: AP / Jose Luis Magana
Rep. Lloyd Smucker, R-Pa., shows a graphic as Treasury Secretary Janet Yellen testifies before the House Ways and Means Committee during a hearing on proposed fiscal year 2023 budget on Capitol Hill in Washington, Wednesday , June 8, 2022.
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US Debt Ceiling Woes Continue – Opportunities and Risks for Investors

FX Empire 08 May 2023
According to Treasury Secretary Janet Yellen, if Congress doesn’t act soon, the U.S ... Because the US budget is always in deficit, in order to do this, the U.S ... Advertisement ... Risks for Investors ... Think about the Swiss franc, the Japanese yen, and gold as examples of prestigious currencies and commodities to help add an extra layer of diversity ... Sign Up.
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Dubai’s growing commodities hub is now enticing London traders

Taipei Times 07 May 2023
London’s commodities merchants are following some of their Swiss peers to Dubai, as the emirate moves from being an outpost focused on crude to a major energy trading hub. Dubai has long tried to attract more commodities companies, investing in banking infrastructure and developing exchange-traded futures.

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