Mercuria Says It Lost Millions When a Natural Gas Trader Inflated His Position

BloombergMonday, September 22, 2025 at 3:18:35 PM
Mercuria Says It Lost Millions When a Natural Gas Trader Inflated His Position
Mercuria Energy Group Ltd. has reported significant financial losses due to a former trader's misreporting of transactions in 2024. This incident, which involved the inflation of positions, has cost the company tens of millions of dollars. Such losses highlight the risks associated with trading practices and the importance of transparency and accuracy in financial reporting.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
US tech shares hold steady after Trump unveils $100,000 H-1B visa fee
NeutralFinancial Markets
US tech shares remained stable following President Trump's announcement of a new $100,000 fee for H-1B visas. This move is significant as it could impact the hiring practices of tech companies that rely on skilled foreign workers. Investors are watching closely to see how this policy will affect the industry's growth and innovation.
US tech shares hold steady after Trump unveils $100,000 H-1B visa fee
NeutralFinancial Markets
US tech shares remained stable following President Trump's announcement of a new $100,000 fee for H-1B visas. This move is significant as it could impact the hiring practices of tech companies that rely on skilled foreign workers. Investors are watching closely to see how this policy will affect the industry's growth and innovation.
Mexico says screwworm case near U.S. border contained, no flies detected in north
PositiveFinancial Markets
Mexico has successfully contained a screwworm case near the U.S. border, with no flies detected in the northern regions. This is significant as it highlights the effectiveness of the country's pest control measures, ensuring the safety of livestock and preventing potential economic losses. The swift response demonstrates Mexico's commitment to agricultural health and its cooperation with U.S. authorities to manage cross-border agricultural threats.
Mexico says screwworm case near U.S. border contained, no flies detected in north
PositiveFinancial Markets
Mexico has successfully contained a screwworm case near the U.S. border, with no flies detected in the northern regions. This is significant as it highlights the effectiveness of the country's pest control measures, ensuring the safety of livestock and preventing potential economic losses. The swift response demonstrates Mexico's commitment to agricultural health and its cooperation with U.S. authorities to manage cross-border agricultural threats.
Brazil expresses indignation over US sanctions on Supreme Court justice’s wife
NegativeFinancial Markets
Brazil has voiced strong indignation regarding the recent US sanctions imposed on the wife of a Supreme Court justice. This move has sparked diplomatic tensions, as Brazil views it as an infringement on its sovereignty and an unjustified attack on its judicial system. The situation highlights the complexities of international relations and the potential repercussions of unilateral actions by powerful nations.
Brazil expresses indignation over US sanctions on Supreme Court justice’s wife
NegativeFinancial Markets
Brazil has voiced strong indignation regarding the recent US sanctions imposed on the wife of a Supreme Court justice. This move has sparked diplomatic tensions, as Brazil views it as an infringement on its sovereignty and an unjustified attack on its judicial system. The situation highlights the complexities of international relations and the potential repercussions of unilateral actions by powerful nations.
Syria’s Sharaa, in New York, renews call for US to formally drop sanctions
PositiveFinancial Markets
In a recent appearance in New York, Syria's Deputy Foreign Minister Faisal Mekdad, also known as Sharaa, has renewed calls for the United States to formally lift sanctions imposed on Syria. This appeal is significant as it highlights ongoing diplomatic efforts to improve relations and address humanitarian concerns in the region. The lifting of sanctions could pave the way for economic recovery and stability in Syria, which has been severely affected by years of conflict.
Syria’s Sharaa, in New York, renews call for US to formally drop sanctions
PositiveFinancial Markets
In a recent appearance in New York, Syria's Deputy Foreign Minister Faisal Mekdad, also known as Sharaa, has renewed calls for the United States to formally lift sanctions imposed on Syria. This appeal is significant as it highlights ongoing diplomatic efforts to improve relations and address humanitarian concerns in the region. The lifting of sanctions could pave the way for economic recovery and stability in Syria, which has been severely affected by years of conflict.
US ready to support Argentina with ’large and forceful’ action, Treasury chief says
PositiveFinancial Markets
The U.S. Treasury Secretary has announced that the United States is prepared to provide significant support to Argentina amid its economic challenges. This commitment is crucial as it signals a strong partnership and a willingness to assist in stabilizing Argentina's economy, which has been facing difficulties. Such support could help restore confidence in the market and promote recovery efforts, making it an important development for both nations.
US ready to support Argentina with ’large and forceful’ action, Treasury chief says
PositiveFinancial Markets
The U.S. Treasury Secretary has announced that the United States is prepared to provide significant support to Argentina amid its economic challenges. This commitment is crucial as it signals a strong partnership and a willingness to assist in stabilizing Argentina's economy, which has been facing difficulties. Such support could help restore confidence in the market and promote recovery efforts, making it an important development for both nations.
UK and US to smooth capital markets access and crypto cooperation
PositiveFinancial Markets
The UK and US have announced plans to enhance cooperation in capital markets and cryptocurrency, aiming to create a more seamless access for investors and businesses. This collaboration is significant as it could lead to increased investment opportunities and innovation in the financial sector, benefiting both economies and fostering a more integrated global market.
UK and US to smooth capital markets access and crypto cooperation
PositiveFinancial Markets
The UK and US have announced plans to enhance cooperation in capital markets and cryptocurrency, aiming to create a more seamless access for investors and businesses. This collaboration is significant as it could lead to increased investment opportunities and innovation in the financial sector, benefiting both economies and fostering a more integrated global market.
Latest from Financial Markets
Spirit to Put One-Third of Flight Attendants on Leave
NegativeFinancial Markets
Spirit Airlines has announced that it will place one-third of its flight attendants on leave, a decision that raises concerns about job security and operational capacity. This move comes as the airline faces challenges in maintaining staffing levels amid fluctuating travel demand. It highlights the ongoing struggles within the aviation industry as companies navigate the impacts of the pandemic and economic uncertainties.
EU to 'Pay Attention' to Fair Competition as US Companies Come to Europe, Says Ribera
PositiveFinancial Markets
Teresa Ribera, the European Commission's executive VP, emphasizes the EU's commitment to fair competition as American tech companies expand into Europe. This is significant because it highlights the EU's proactive stance on maintaining a level playing field, ensuring that both local and foreign companies adhere to the same standards. As the tech landscape evolves, these measures could foster innovation while protecting consumers and businesses alike.
Crh stock hits all-time high of 114.84 USD
PositiveFinancial Markets
CRH stock has reached an all-time high of 114.84 USD, marking a significant milestone for the company and its investors. This surge reflects strong market confidence and could indicate positive growth prospects for CRH in the future, making it an exciting time for stakeholders.
S4 Capital downgraded by Moody’s to B2 from B1 amid revenue decline
NegativeFinancial Markets
S4 Capital has been downgraded by Moody's from B1 to B2, reflecting concerns over its declining revenue. This downgrade is significant as it may impact the company's ability to attract investment and could lead to higher borrowing costs. Investors and stakeholders will be closely monitoring how S4 Capital addresses these challenges moving forward.
Aris Mining Corp stock hits 52-week high at 9.95 USD
PositiveFinancial Markets
Aris Mining Corp's stock has reached a 52-week high of 9.95 USD, reflecting strong investor confidence and positive market trends. This milestone is significant as it indicates the company's robust performance and potential for future growth, making it an attractive option for investors looking to capitalize on mining sector opportunities.
US tech shares hold steady after Trump unveils $100,000 H-1B visa fee
NeutralFinancial Markets
US tech shares remained stable following President Trump's announcement of a new $100,000 fee for H-1B visas. This move is significant as it could impact the hiring practices of tech companies that rely on skilled foreign workers. Investors are watching closely to see how this policy will affect the industry's growth and innovation.