Stay updated with breaking news from Commodity Trader. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Glencore Plc reported a steep drop in annual profit and lowered its dividend, after markets retreated from the price spikes and wild swings that drove blockbuster earnings in the aftermath of Russia’s invasion of Ukraine.
(Bloomberg) -- Commodity trader Olam Group said that its investigation found no evidence to support allegations of a reported scandal at its Nigerian units, spurring a surge in its Singapore-listed shares.Most Read from BloombergTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderRecord US Stock Rally Is Under Threat From a World in TurmoilChina Stocks Primed for Bullish Reopen After Upbeat DataWall Street’s Moelis Bet Big on the Middle East. Now He’s Cashing InSystemic Risk Concerns
These volumes would then be delivered on a free on board basis to commodity trader Gunvor.
Under the agreement, LNG deliveries are slated to commence from 2026 onwards. [Image: Gail]
(Bloomberg) -- Three of the world’s top commodity trading houses used state oil companies from China, Thailand, Oman and Uruguay as fronts in their corrupt deals with Ecuador, a federal jury in Brooklyn, New York has heard.Most Read from BloombergBlinken’s Return From Davos Was Delayed After Plane Broke DownApple to Sell Watches Without Oxygen Feature After Legal SetbackPakistan’s Army Strikes Back at Iran as Both Sides Urge CalmDimon Says China Risk-Reward Equation Has ‘Changed Dramatically’Sin