Hints and tips:
...Hin Leong, one of the most powerful names in Asia’s oil trading industry, had been hiding losses from trading in futures markets and selling off oil inventories that had already been pledged as collateral...
...The founder of Hin Leong Trading has been convicted of cheating HSBC and abetting forgery after a lengthy trial in Singapore, drawing a line under an oil dealing scandal that left banks facing hundreds of...
...And inflation remains a problem and oil prices are huge contributor to inflation....
...These range from oils of Charles II’s mistress to Grand Tour collectables to troves of 18th-century porcelain....
...: Anouk Biard, Paris Biard is the go-to for the Paris set, known for stripping away the multitude of steps beloved by many facialists in favour of a hands-on massage using a specially blended treatment oil...
...It was built by Archibald Nettlefold, a screw and bolt manufacturer (his company became what is now GKN) and, more glamorously, a film producer, as a house for himself and his friends in 1927....
...It’s been a tidy journey to go from toxic mistress to being anointed with holy oils. Will we retread the rancour associated with the royal ménage? Unlikely....
...Most of the oil traded by Hin Leong was carried on ships operated or chartered by Ocean Tankers....
...Her fellow student Mary Constance Lloyd, for example, delivers a sumptuous 1905 oil of John naked, reading on a bed....
...He also revealed he had sold a “substantial part” of Hin Leong’s oil inventories and used the cash as general funds, breaching inventory financing agreements with banks....
...The billionaire founder of Hin Leong, Lim Oon Kuin, in 2020 confessed to hiding $800mn in losses at the Singapore-based oil trading firm he founded....
...And when Olga was in Paris, his mistress Marie-Thérèse would visit Boisgeloup.” “I saw him with the eyes of a child....
...But while the replacement of the rustle of silk by the slathering of body oil brings us sharply up to date, there is disappointingly little to say here about sex and power....
...Used cooking oil from the restaurants is cleaned and turned into scented candles in offcut wine bottles — for the Singapore exhibition the NDC on-site restaurant provided the oil....
...The global energy crunch has rippled across the energy supply chain, hitting everyone from domestic consumers to trading houses that move millions of barrels of oil and gas around the world each day....
...“The document stated that Hin Leong had transferred more than one million barrels of gas oil to China Aviation Oil (Singapore) Corporation Ltd....
...Leon Black loses lawsuit accusing former Apollo rival of conspiracy The billionaire financier failed in his effort to persuade a judge that one of his top business rivals conspired with his former mistress...
...Oil prices are at 21-year lows. If an oil trader as big as Hin Leong is struggling, the outlook for smaller businesses is bleak....
...Following the collapse of Hin Leong, banks have become more nervous about lending to the industry. Deals to finance oil inventories and unsold oil cargoes have come under particular scrutiny....
...There has been no electoral realignment, no intellectual rupture of the kind that followed the Opec oil crisis and no passing of the torch to a new political generation....
...Investors and analysts warn that banks are likely to cut their exposure to the industry after heavily indebted oil trader Hin Leong Trading filed for bankruptcy protection....
...Hin Leong, the distressed Singapore oil trader that has admitted to $800m of undisclosed losses, is seeking to appoint PwC as an independent manager to run the business as it pursues a debt restructuring...
...HSBC, ABN Amro and Société Générale are among a group of banks owed almost $4bn by Hin Leong, the Singapore oil trader scrambling to restructure its finances as a brutal downturn hits energy markets....
...Hin Leong Trading, the oil trader founded by one of Singapore’s richest men, has filed for bankruptcy protection as it seeks to restructure debts of almost $4bn....
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