Trader Trafigura Pleads Guilty to a Decade of Oil Bribery in Brazil [BNN Bloomberg (Canada)]
GLENCORE PLC UNSP/ADR (GLNCY)
US:NASDAQ Investor Relations:
glencore.com/investors
Company Research
Source: BNN Bloomberg
Trafigura entered a plea agreement with the US Department of Justice in a federal court in Miami on Thursday. The company will pay a fine of $80.4 million and forfeit $46.5 million, in line with the $127 million it set aside in December to resolve the case. While its largest rivals have all admitted to paying bribes in recent years to resolve US investigations, this is the first time that Trafigura has made such an admission. The series of years-long investigations led by the US have laid bare a shockingly brazen culture of wrongdoing in an industry that had long sought to distance itself from a history of paying bribes to win business. Commodity trading is dominated by a handful of mostly privately owned companies that operate with little regulation and oversight, yet wield huge influence in the global economy through their sprawling businesses that buy, sell and transport raw materials around the world. The industry collectively earned about $100 billion in 2023, according to e
Show less
Read more
Impact Snapshot
Event Time:
GLNCY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GLNCY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GLNCY alerts
High impacting GLENCORE PLC UNSP/ADR news events
Weekly update
A roundup of the hottest topics
GLNCY
News
- Jean-François Verret appointed to head Raglan Mine [Yahoo! Finance]Yahoo! Finance
- Jean-François Verret appointed to head Raglan MinePR Web
- A Dubai Firm Pledged $13 Billion for 20 Years of South Sudan Oil [BNN Bloomberg (Canada)]BNN Bloomberg
- Statement from AWU regarding Mt Isa incidentPR Web
- Viterra partners with Foodgrains Bank for ninth consecutive year to help end hunger [Yahoo! Finance]Yahoo! Finance