TOKYO: Mitsubishi, one of Japan's biggest trading houses, said on Friday a Singapore-based unit has made a loss of US$320 million from unauthorised trading of crude oil derivatives.
An employee of Petro-Diamond Singapore who handles crude oil trades for China"was discovered to have been repeatedly engaging in unauthorised derivatives transactions and disguising them to look like hedge transactions since January of this year," Mitsubishi said in a statement.While PDS has closed the positions,"we are now examining the total amount of losses," Mitsubishi said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
After 10 year wait, hosts Japan ready to face Russia in World Cup openerTOKYO: With the weight of an expectant nation on their shoulders and a governing body desperate for the hosts to succeed in the first Rugby World ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Post-typhoon blackout raises disaster prep questions in JapanTOKYO: A lengthy post-typhoon blackout outside Tokyo that has left tens of thousands of people without power for more than a week is raising ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
New Zealand's Ardern starts Japan visit with China mix-up gaffeTOKYO (DPA) - New Zealand Prime Minister Jacinda Ardern's four-day visit to Japan started out on an awkward note when the politician mixed up China and Japan in a press conference on Thursday (Sept 19).. Read more at straitstimes.com. She’s totally out of her depth
Source: The Straits Times - 🏆 8. / 63 Read more »
Rugby: Russia warn Japan to bring 'A-game' or face Rugby World Cup shockRussia captain Vasily Artemyev has warned Japan that unless they bring their 'A-game' in Friday's Rugby World Cup opener, the hosts could face a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan admit to nerves before World Cup openerJapan scrumhalf Yutaka Nagare admitted that he and some of the other Brave Blossoms players are feeling the nerves ahead of the opening match of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Golf: Woods, McIlroy, Day and Matsuyama to play Japan Skins GameNEW YORK: Tiger Woods, Rory McIlroy, Australian star Jason Day and Japan's Hideki Matsuyama will compete in a Skins Game next month in Japan, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »