Glencore Pleads Guilty To Decade Of Bribery And Market Manipulation, Will Pay $1.5 BIllion Penalty
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The scale of the scandal at Glencore - a $120 billion London-listed giant and the biggest coal producer in Australia - is breathtaking.
Question: What happens when you take a commodity giant based in the tax haven of Switzerland and let it loose on corrupt and failing African states like Equatorial Guinea and the Democratic Republic of Congo? Answer: The excrement is bound to hit the aircon.
Glencore is set to pay around R23 billion to settle probes into alleged wrongdoing in the United States and the UK, insiders have said.
Australian shares to open a touch higher; Snap dive weighs on Wall Street; Worley wins US contract; $A back above US71c; RBNZ ahead; bond yields and oil down, gas up.