Phoenix Commodities goes into liquidation, Companies & Markets News & Top Stories – The Straits Times
DUBAI Phoenix Commodities, a trader of agricultural products with offices in Dubai and Singapore, is being liquidated after amassing more than US$400 million (S$567 million) in potential trading losses, according a document prepared by the liquidators seen by Reuters. The business founded 20 years ago grew into a company generating US$3 billion in revenue last…