by annismullis2The DOJ and the financial market regulator the CFTC have continued investigating the firm and Gunvor expects to pay a fine.
“We are looking at whether to take a provision on our books for 2022,” Tornqvist said.
LAUSANNE, Switzerland, March 21 (Reuters) – Energy trader Gunvor made strong profits last year and is looking to expand its oil trading and develop a significant power trading arm in the United States, its CEO told Reuters.
WASHINGTON, March 23 (Reuters) – Treasury Secretary Janet Yellen said on Thursday the United States was looking at ways to strengthen its sanctions against Iran, but acknowledged the sanctions had not resulted in the behavioral or policy changes Washington desires from Tehran.
Swiss energy traders have posted record returns over the last few years as they thrived in extremely volatile markets brought on by the COVID-19 pandemic and then Russia’s invasion of Ukraine last year.
All our activities did very well,” CEO Torbjorn Tornqvist told Reuters on the sidelines of the Financial Times Commodities Global Summit, declining to give figures as the firm’s results are still being finalised. “It was a very, very good year.
That´s about 1,000 LNG cargoes. We think Europe was able to cover about half… Some of it is weather related,” he said. and the rest is demand destruction, close to 20%. “Europe was taking about 110 billion cubic meters per year from Russia.
TAIPEI, March 21 (Reuters) – Taiwan President Tsai Ing-wen will transit the United States to and from a visit to Central America on a trip starting at the end of this month, the presidential office said on Tuesday.
March 23 (Reuters) – The United States and Canada have reached a deal that would allow for the closure of an unofficial border crossing between New York state and the province of Quebec, but the final details still need to be worked out, a Canadian government source familiar with the talks told Reuters.
The free upgrade will be offered for 3.8 million Hyundai and 4.5 million Kia vehicles, the automakers and NHTSA said.
Hyundai said the upgrade applies to various U.S. 2011 through 2022 model year vehicles.
The attorneys general letter said the automakers had failed to take adequate steps to address the alarming rate of theft and urged them to accelerate the implementation of the software upgrade and provide free alternative protective measures for owners whose cars cannot support the software upgrade.
Earlier this month, Minnesota Attorney General Keith Ellison said he had launched a civil investigation into Kia and Hyundai´s sale of vehicles to Minnesota consumers that lacked industry-standard, anti-theft technology and sought documents and answer questions under oath.
WASHINGTON, March 20 (Reuters) – A group of 22 U.S.
state attorneys general on Monday blasted Hyundai Motor and Kia Corp and said they need do more to address problems with millions of U.S. vehicles that are prone to theft.
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