Page 9 - Eric Onstad News Today : Breaking News, Live Updates & Top Stories | Vimarsana

LONDON (Reuters) -Commodity trader Trafigura used shipping receipts from nickel trades to boost profits by lending them to companies not involved in the transaction to raise financing, Indian businessman Prateek Gupta alleged in a court document. Swiss-based Trafigura filed a lawsuit against Gupta in February, alleging systematic fraud involving nickel cargoes by seven companies or corporate defendants that Gupta controlled. Gupta on Tuesday asked a London court to lift a worldwide freezing order on his personal and business assets because Trafigura had failed to disclose full information.

The London Metal Exchange (LME) won a legal battle with U.S. financial firms on Wednesday which brought a case demanding $472 million in compensation

As the London Metal Exchange savours its court victory over cancelled nickel trades, it still faces a host of challenges including ongoing repair of its damaged nickel contract and reputation after...

LONDON/BRUSSELS -The European Union should impose broader import bans on Russian aluminium, industry group European Aluminium said on Friday, arguing that the current proposal to ban certain products...

LONDON -The London Metal Exchange will raise trading and clearing fees by an average 13% starting in January to adjust for inflation, the LME said on Wednesday.... -November 08, 2023 at 08:38 am EST - MarketScreener