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#1
06-11-2019, 05:50 PM
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Mitsubishi Corp to shut Singapore oil-trading unit after unauthorised losses
An honorable member of the Coffee Shop Has Just Posted the Following:
https://www.channelnewsasia.com/news...after-12069150 TOKYO: Mitsubishi Corp, Japan's biggest trading group, said on Wednesday (Nov 6) it would shut its Singapore-based crude oil and fuel trading unit after revelations in September that a trader there racked up enormous unauthorised trading losses. The unit, Petro-Diamond Singapore, will lose about 34.2 billion yen (US$314 million) before taxes after closing the unofficial... Mitsubishi Corp to shut Singapore oil-trading unit after unauthorised losses Click here to view the whole thread at www.sammyboy.com. 
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