Hints and tips:
...Greensill Bank’s administrator, ArcelorMittal and Trafigura declined to comment....
...Credit Suisse accepted the bills as collateral even after one of its biggest clients — Swiss commodities trader Trafigura — had warned the bank that Liberty Commodities appeared to have raised financing...
...The suspected thefts sent shockwaves through the global metals industry following a host of other scandals, with two separate nickel frauds that have affected commodity trader Trafigura and warehouse operator...
...The defence outlines the case of Gupta and four firms UIL Singapore, UIL Malaysia, TMT Metals AG and TMT Metals UK, which the Indian-born trader acknowledges to be a legal controller of....
...Simon Collins, chief executive of blockchain trade technology provider TradeCloud and a former head of metals at Trafigura, noted scrap quality was generally determined by visual inspection....
...Commodities trader Trafigura has accused Prateek Gupta and New Alloys Trading of defrauding it of half a billion dollars in a nickel transaction. Both deny any fraud....
...The cases have sent shockwaves through the global metals industry, following a host of other scandals in the past year including Trafigura, one of the world’s largest commodity traders, becoming embroiled...
...Global commodity trading group Trafigura this year accused a trader of masterminding a $590mn nickel fraud while in a separate scandal, bags of nickel in London Metal Exchange warehouses were found to have...
...Credit Suisse, Trafigura, Greensill Capital and Gupta’s GFG Alliance all declined to comment....
...founder Sam Bankman-Fried (FT) Billionaire Jim Ratcliffe taps JPMorgan, Goldman to advise on Man United bid (Bloomberg) Tainted Yeezy sneaker stocks could push Adidas to first loss in 31 years (FT) Trafigura...
...pick-up truck investment with battery maker SK (FT + Lex) Ken Griffin, Robinhood strike back at fresh outrage over GameStop (Bloomberg) SoftBank-backed robot warehouse group AutoStore plans Oslo IPO (FT) Trafigura...
...The company took an equity stake last year in Hy2gen AG, a German start-up working on green-hydrogen production, and has set up a venture capital arm to invest in new fuels and energy storage technology....
...In July 2020, commodities trader Trafigura warned Credit Suisse that the bank’s supply-chain finance funds appeared to contain a suspicious invoice from Gupta’s business empire....
...Such mining accounted for up to 16 per cent of global supply of cobalt last year, according to Darton Commodities, and Glencore’s arch rival, Trafigura, is increasingly trading in cobalt from smaller mines...
...Major commodity traders such as Gunvor, Glencore, Trafigura, Vitol and French oil major Total are regular buyers....
...Kurdish oil sales are handled by a number of large independent traders, including Vitol, Trafigura, Glencore and Petraco, who lift it from the Turkish Mediterranean port of Ceyhan....
...Sources at Trafigura say the company believes the dispute is commercial and not a criminal matter....
...Here’s Trafigura 5.25 per cent 2018 paper… Things are just as bad throughout Europe… Here’s the balance of business across European bourses — risers on the left… And names with double exposure are doubly...
...Half year profits at Swiss-based Trafigura rose almost 40 per cent as the commodity trading house benefited from more favourable market conditions created by the slump in oil prices....
...But the US lost out, as Australia’s producers aggressively won back customers they had lost because of once-in-a-generation flooding in the coal region in Queensland....
...That competition is increasingly coming from the big independent trading houses such as Glencore, Mercuria, Trafigura and Vitol....
...Trafigura, another big trader, last year spent roughly $800m buying two petrol stations and oil import terminals companies....
...The deal, which is expected to close in the third quarter of 2014, will lift privately owned Mercuria into upper tier of global commodity traders alongside Vitol, Trafigura, and Gunvor....
...Already one of the world’s biggest oil traders, with underlying earnings in 2012 of $580m, Mercuria will now sit alongside the likes of larger traders such as Vitol, Gunvor and Trafigura....
...The documents also reveal a sharp drop in profits as Trafigura battles tough trading conditions....
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