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...Speaking at the FT Commodities Global Summit in Lausanne the heads of Vitol, Trafigura and Gunvor each said they had overhauled trading and compliance processes since the 2010s and that bribery and corruption...
...In September Trafigura restructured its senior team in the largest reshuffle at the top of the business since its founder Claude Dauphin died in 2015....
...That competition has forced traditional commodity traders such as Trafigura, which made a record $7.4bn in 2023, to invest to keep up. It set up a power trading division three years ago....
...The departures follow a period of record performance for the privately held trading house, which made profits of $7.4bn in 2023 and agreed a record dividend of $5.9bn for its 1,200 employee-shareholders....
...The departures follow a period of record performance for the privately held trading house, which made profits of $7.4bn in 2023 and agreed a record dividend of $5.9bn for its 1,200 employees who own the...
...The corruption scandals have done little to hinder Trafigura’s ascent as a diversified commodities trading powerhouse....
...’s largest commodity trading houses....
...Trafigura said the ex-employee was a former consultant to DT Group, which was a joint venture formed in 2009 by Trafigura and Cochan Holdings LLC, an investment vehicle controlled by a former military adviser...
...Christophe Salmon, the outgoing finance chief of Trafigura, said the industry had now evolved from the days in which trading houses needed to find cash to pay out their major shareholders when they retired...
...Indian businessman Prateek Gupta has accused employees of commodity group Trafigura of seeking his collaboration in covering up a multimillion-dollar trading fraud, London’s High Court heard on Tuesday....
...A London high court judge ordered on Friday that a freezing order will stay in place on Prateek Gupta, the businessman accused by trading giant Trafigura of masterminding a $600mn nickel fraud....
...privately held Swiss group’s bumper payout was more than triple the $1.7bn paid last year and takes total payments since 2020 to more than $9bn, capping one of the most profitable periods in the commodity trading...
...It also asked whether people agreed that “time spent thinking about overnight trading would be better spent on regular market hour trading”....
...The metals business has been weighed down by a charge of $578mn related to an alleged nickel fraud that Trafigura has blamed on Indian businessman Prateek Gupta, who in turn has accused the trading group...
...The trading relationship between the two parties started in about 2014, expanding from zinc in India to global trades in nickel and aluminium before souring last year....
...An attorney for Jane Street told Engelmayer that the firm had invested “tens of millions of dollars” into the development of the trading scheme....
...On Friday the company was trading at $33.92 after soaring over the past two days, but the price remains well below its intraday peak of $79.38....
...Rohit Bhat, managing director of capital markets, exchanges and digital assets at Google Cloud, said that high-frequency trading firms were a segment “that we are working very closely with”....
...Unlike Trafigura, Vitol and Gunvor, which remain more focused on physical oil trading, Mercuria has also pushed into financing, offering services more akin to those offered by investment banks....
...The new committee includes Weir, Larocca, chief financial officer Christophe Salmon, newly appointed chief operating officer Emma Stroud, the heads of Trafigura’s three principal trading divisions, and Ignacio...
...Dunand and Jaeggi, who are also former Goldman Sachs traders, founded Mercuria in 2004 and have grown it into one of the largest private trading houses in the world, alongside rivals Vitol, Trafigura and...
...her US Ark Innovation and Ark Genomic Revolution ETFs, as well as a third strategy “tailored specifically for the European market” focusing on artificial intelligence and robotics, are expected to start trading...
...Apollo previously submitted a takeover bid of more than $26bn, which would have given shareholders a large cash premium to Paramount’s trading price, but it was rebuffed....
...Prateek Gupta, the Indian businessman that Trafigura has accused of being behind a $590mn nickel fraud, has said in his defence that the global commodity trading giant “devised and proposed” the scheme....
...“The losses suffered by Trafigura were from their own mischiefs and unlawful conduct,” New Alloys Trading said in its filing....
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