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Commodities Briefing - Categorized | Oil, Trading more

Swiss target commodities secrets risking $21 bln hegemony

Posted on 10 October 2012

Vitol SA, one of the world’s biggest oil traders, is being enticed from its Geneva base by Dubai and Singapore as Switzerland considers scrapping policies that made the country a global center for commodities.
“I’m concerned for the future both in Switzerland and elsewhere,” said David Fransen, chief executive officer of Vitol Group’s trading arm, citing the threat of over-regulation and higher taxes. “Other jurisdictions are actively courting us,” he said, including Malaysia and the Caribbean……………………………………….Full Article: Source


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