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This commodity trader made heaps of money from the oil price crash — now it's paying staff 500 million in bonuses
Trafigura, one of the world's largest commodity trading houses, made so much money off the oil price crash, it is going to pay staff more than half a billion dollars in bonuses. Oil prices are over 50% lower than they were last year and it is killing energy and commodity firms across the globe. However, unlike firms involved directly in the mining and extraction of commodities, trading houses like Trafigura have been able to take advantage of the collapse in commodity prices and grow their profits in the past year. Profits at the trading house, which is headquartered in Switzerland, are up 6.5% to £720 million ($1.1 ... (full story)
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