Mitsubishi to shut Singapore oil-trading unit after losses by trader
Japanese trading house Mitsubishi
Corp said on Wednesday it will shut down a Singapore
unit that trades crude oil and petroleum products after alleging
earlier that a trader racked up $320 million of losses in
unauthorised trading.
Corp said on Wednesday it will shut down a Singapore
unit that trades crude oil and petroleum products after alleging
earlier that a trader racked up $320 million of losses in
unauthorised trading.
Posted by Reuters
