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...Troost had long claimed he had no management role in Paramount DMCC and that, as a separate legal entity incorporated in the UAE, its activities were not subject to western restrictions....
...In a governance reshuffle intended to signal independence and to reflect its growth, SBTi incorporated as a limited company last year and added independent trustees to its board....
...Gunvor Energy Trading was incorporated in the Dubai Multi Commodities Centre — a UAE free zone used by many of the companies continuing to trade Russian oil — on October 18 2022....
...in China,” Binance said, adding that the exchange had “never been registered or incorporated in China”....
...The Treasury alleged that Troost had owned or controlled a Dubai-based subsidiary, Paramount Energy & Commodities DMCC, “directly or indirectly”....
...And that is great for commodities,” Forrest said....
...Further reading— BP should consider the mother of all mergers with Shell (Guardian, 2004, with postscript six years later)...
...However, the ship, which flies the Marshall Islands flag, was on a “bareboat charter” to Trafigura, an international commodities trader incorporated in Singapore....
...Paramount Energy & Commodities SA’s subsidiary in the United Arab Emirates was incorporated in 2020 and was not created for the purpose of trading Russian oil at prices above $60 per barrel, as incorrectly...
...The steady rise of oil/commodities means UK EPS momentum should improve, and provide some backstop to depressed valuations....
...(Schwab) — An interview with Sultan Al Jaber (The Guardian) — When does federal debt reach unsustainable levels?...
...BP’s pause came after commodity trader Trafigura said it was taking “additional precautions” for its owned and chartered vessels....
...Five warships from the US and UK now patrol the Red Sea alongside aircraft under Operation Prosperity Guardian, launched by the US and its allies in December in response to the attacks (two more are on their...
...And it has become a hot commodity in Hong Kong and China since the US began restricting its shipment to Chinese customers....
...Trafigura, one of the world’s largest commodities traders, said on Friday it was “taking additional precautions” for its owned and chartered vessels....
...trade in Russian oil — introduced in response to its full-scale invasion of Ukraine last year — do not apply to Paramount DMCC because it is a separate legal entity from its Swiss parent company and is incorporated...
...Operation Prosperity Guardian, a strengthened naval task force in the Red Sea unveiled by the Pentagon on Monday, is planning to establish a safe corridor for commercial shipping together with at least half...
...Nearly 40 per cent of some 535 dark fleet tankers have registered ownership via shelf companies incorporated in the Marshall Islands....
...The debate on that subject roared into a new level of intensity yesterday thanks to a story by The Guardian, which picked up previously unreported remarks made by Jaber in a webinar on November 21....
...In 2022 he incorporated another electronics and scrap metals trading company which describes itself as a “global trading and logistics leader”....
...The disruption to shipping lanes affects Israeli imports of essential commodities and complicates the multi-theatre conflicts that have intensified alongside the war in Gaza....
...[Econ/commodities] To the M0on [Guest-hosted crypto round] Plotted [Film plots] Achy Breaky Chart [Picture round 1] Business Icons [Picture round 2] Hedge Hogs [Unhedged market round] C-Suite Life...
...That seems a decent, commodity-like business. But Dimon points out that rising interest rates could easily crush such a trade....
...“This will become the global commodity trading hub.”...
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