Jack Farchy

Abu Dhabi National Oil Co. has restored to full capacity one of the world’s biggest oil refineries that was hit earlier in the regional war, according to people familiar with the situation.

Macquarie Group Ltd is making a renewed push into physical metals, exploring deals to acquire trading books for iron ore and other raw materials as competition in the sector heats up.

Mizuho Bank Ltd., a unit of Japanese lender Mizuho Financial Group Inc. and a creditor of iron ore trader Radiant World, has taken legal steps to remove the management of the merchant’s key operating company in Singapore, according to a court document seen by Bloomberg.

A unit of Jefferies Financial Group Inc. won a worldwide freezing order against Radiant World and its founder Pinkesh Nahar, according to people familiar with the matter.

The relationship between Glencore Plc and the network of companies linked to Radiant World was one of “senior partner-junior partner,” a top executive at one of the firms alleged in an interview with Bloomberg.

A fund run by a Jefferies Financial Group Inc. subsidiary is seeking a freezing injunction against iron ore trader Radiant World and its founder Pinkesh Nahar in Singapore, days after securing a worldwide freezing order against them from a UK court.

Two leading commodity trading houses have seen their profits soar, according to company financials seen by Bloomberg News, highlighting how the war in Iran has created a bonanza for the traders and their top executives.

A fund managed by Jefferies Financial Group Inc. has accused Radiant World of falsifying iron ore invoices as part of a “fraudulent scheme” against it in a $500 million London court claim.

A fund run by Jefferies Financial Group Inc has won a freezing injunction in Singapore against Radiant World and its founder Pinkesh Nahar, according to people familiar with the matter.

The founder of iron ore trader Radiant World has been limited to £4,000 ($5,400) a week in living expenses under a worldwide freezing order secured by a Jefferies Financial Group Inc. fund, according to court documents.