Trafigura warns of potential $1.1 billion hit from fraud in Mongolia
Global commodity trader Trafigura expects to set aside a $1.1 billion provision against misconduct by individuals in its ...
Yahoo Finance16d
Trafigura Faces $1.1 Billion Hit After Mongolia Fraud Probe
The loss comes at a sensitive time for the company, as Chief Executive Officer Jeremy Weir prepares to hand over to gas boss ...
How One of the Tiniest Oil Markets Cost Trafigura Over $1 Billion
Trafigura Group is a giant of commodity trading. On any given day, it handles enough oil to supply the entire needs of France ...
Trafigura warns of up to $1.1bn loss over Mongolian oil scandal
Trafigura said it uncovered “serious misconduct” in its Mongolian oil business that could result in a loss of up to $1.1bn, dealing a blow to the Switzerland-based trading house as it transitions to a ...
theasialive15d
Trafigura Sets Aside $1.1 Billion for Misconduct in Mongolian Operations Amid Ongoing Investigation
Trafigura, one of the world's largest independent commodity trading companies, announced on Wednesday that it would be ...
Business Insider India2y
Oil prices could hit $150 a barrel or more with demand destruction likely by the end of the year, says global commodities trader Trafigura
Oil prices could reach $150 per barrel in the coming months, and the market could begin to see demand destruction by year's end, Trafigura CEO Jeremy Weir said Tuesday. The head of the global ...
Commodity giant Trafigura faces $1.46 billion hit after Mongolia fraud probe
The loss comes at a sensitive time for the company, as chief executive officer Jeremy Weir prepares to hand over to gas boss ...
Channel NewsAsia Singapore15d
Trafigura warns of potential $1.1 billion hit from misconduct in Mongolia
"We are bitterly disappointed by the misconduct in our Mongolian oil business," Trafigura Executive Chair and CEO Jeremy Weir said. "There is no place in Trafigura for wrongdoing and we are taking ...