Total: Brazil Drilling No Risk to Amazon Reef
A French oil firm on Thursday rejected concerns that exploration off Brazil could damage a unique coral reef at the mouth of the Amazon river as it awaits final approval to start drilling. "Drilling activity will not impact the reef system," a spokeswoman for Total told the Thomson Reuters Foundation.
Japan's Itochu Attacked by short-seller Glaucus
Glaucus questions how Itochu's classifies some investments. Japan's Itochu Corp became the target of short-seller Glaucus Research Group on Wednesday with a report criticising the trading company's accounting practices, sending its shares tumbling as much as 10 percent.
Glencore Slump Spoils Appetite for IPOs
Private trade houses less likely to become asset heavy; Olam, Noble, Glencore experiences urge caution. Two shareholder revolts in the space of six months at listed commodities firms Noble and Glencore have taught their private rivals an unforgettable…
'Crunch Time' for Noble Group
Noble to release PwC report on commodity contracts. Noble Group's investment grade credit rating is at stake when Asia's biggest commodities trader, which has been accused of poor accounting practices, releases the findings of an external report later on Monday on how it values some assets.
Noble Group Flags Potential Suitors
Noble says can fund $735 mln bond redemption due this week. Noble Group, Asia's biggest commodity trader, flagged potential support from strategic investors as it stepped up its campaign to reverse a dramatic plunge in its share price on concerns about its accounting practices.
Noble Rejects Muddy Waters' Claims; Shares Recover Partially
Shares edge up 4 pct after Thursday's decline; Noble says Muddy Waters' claims are inaccurate. Embattled Noble Group issued a detailed rebuttal of allegations of improper accounting and unsustainable debt made by U.S.-based short seller Muddy Waters…
Muddy Waters Shorts Noble Group on Accounting Issues
Noble's stock falls to 1-1/2 year-low, bonds drop. Noble Group came under heightened scrutiny on Thursday after U.S. based Muddy Waters unveiled a short position in the Singapore-listed company, which is already under fire from an anonymous research outfit for its accounting policies.
