UBS Fined $125 Million Under Anti-Money Laundering Law
Today’s ESG Updates UBS Fined $125 Million for Money Laundering Violations: U.S. regulators say the Swiss bank failed…
ABB Buys UK’s Rotork in $5.5 Billion Deal for Automation Boost
(Bloomberg) — ABB Ltd. agreed to buy British industrial components company Rotork Plc for an enterprise value of…
Regenerative agriculture targets not credible? Nestlé, Unilever, PepsiCo accused of falling short
FMCG regenerative agriculture targets: overviewMany FMCGs set regenerative agriculture targets but lack credible, measurable goalsOnly 28% of companies…
Nestlé, Danone and Muscle Milk rethink reformulation
Nestlé, Danone and Muscle Milk’s approach to reformulation reflects a broader shift away from “free-from” and “reduced” ingredients,…
Dairy majors turn to meal replacements as GLP‑1 reshapes nutrition
First, it was Danone’s deal for Huel; then, Lactalis and Nestlé moved to acquire the UK’s Protein Works…
Mercuria, Vitol Are Among Bidders for Raizen Argentina Refinery
(Bloomberg) — Energy trading giants Mercuria Energy Group and Vitol Group are among finalists for a refinery and…
How sustainability is underpinning premium growth at Froneri
The ice cream business is exposed to seasonality, sensitive to supply chain disruptions, and susceptible to fickle consumer…
Small US Trader Moves Into Commodity Giants Vitol, Trafigura’s Venezuela Oil Turf
(Bloomberg) — George E. Warren LLC, a US oil trading firm based in Florida, broke into Venezuela oil…
Glencore’s Traders Score Big Profits as War Rattles Energy Markets
(Bloomberg) — Glencore Plc’s trading team made bumper profits as the Iran war roiled global commodity markets, with…
Venezuelan Oil Moves Into the Caribbean as US Trade Links Forged
(Bloomberg) — Tankers have begun discharging Venezuelan crude at Caribbean islands, publicly signaling their activity in a move…
Trading Giants Want to Sell Venezuela Oil to Big Asia Buyers
(Bloomberg) — Vitol Group and Trafigura Group are in talks with large Indian and Chinese refiners over potential…
Vitol, Trafigura Are in Talks With US Refiners to Gauge Interest in Venezuelan Oil
(Bloomberg) — Trafigura Group and Vitol Group, two of the world’s largest commodities trading houses, are in discussions…