LONDON, Sept 17 (Reuters) - The iron ore trader Radiant World may hold only $10,000 in cash, even though its most recent financial statements refer to cash balances of more than $200 million, lawyers ...
Radiant World and affiliated iron ore trader Sapphire Minmetals have filed a lawsuit against Swiss commodity trader and miner Glencore (LON: GLEN), in Singapore, claiming $2 billion in damages.
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Sept 15 (Reuters) - Radiant World and Sapphire Minmetals have filed a lawsuit against London-listed miner Glencore in Singapore claiming $2 billion in damages, Bloomberg News reported on Tuesday, ...
LONDON, Sept 16 (Reuters) - Radiant World and 10 other companies have filed a lawsuit ‌against London-listed miner Glencore (GLEN.L), opens new tab in a Singapore court, stemming from a commercial ...
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Glencore Plc (LON: GLEN) spent months helping Radiant World to prepare a proposed settlement with Jefferies Financial Group Inc. after the US bank first raised questions about transactions it was ...
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Simply sign up to the Commodities myFT Digest -- delivered directly to your inbox. In the summer of 2021, Radiant World had run into trouble. Iron ore prices had shot up on booming demand from Chinese ...
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The claims mark the explosive end of a business relationship that for many years was extremely close. Bloomberg News has reported previously that Glencore traded extensively with Radiant World, ...