trade finance

Jefferies-linked fund’s exposure to Radiant World nears $500 million

A fund managed by a subsidiary of Jefferies has nearly $500 million of exposure to embattled iron ore trader Radiant World, according to the Financial Times, a figure far exceeding earlier estimates and marking one of the largest known creditor…

Glencore held warrants in Radiant World before cutting ties

Glencore acquired warrants for a minority ownership stake in Radiant World in late 2025, just months before cutting ties with the Singapore-based iron ore trader now facing U.S. federal investigations over allegedly falsified trade documents, Bloomberg reported Monday.

Iron ore hits one-year low as Radiant World fallout rattles markets

Jefferies Financial Group is reviewing its exposure to Radiant World, one of the world's largest iron ore traders, after major commodity houses severed ties with the privately held firm over concerns about falsified trade finance documents. The review adds fresh…