Singapore trade financing under 'harsh review' as ZenRock, Hontop face courts

The Singapore High Court has published a notice stating that commodities trader ZenRock filed a winding-up application on August 25 this year, while another commodities trader, Hontop, has been put under judicial management.

The notice was published in the Singaporean government's electronic Government Gazette on Friday September 11.
ZenRock's winding-up application will be heard on September 28, the notice said. "Any creditor or contributory of the company desiring to support or oppose the making of an order on the winding up application may appear at the time of hearing by himself or his counsel for that purpose," it added. Creditors may apply for a copy of the application.

The company's solicitors are Withers KhattarWong LLP....

Bank of Japan boosts rates, continuing an unwinding carry trade

Gold stocks outperform equity market slide

Silver inventories rebound in UK, output from major producers rises

Silver's three-month outperformance continues

Silver & Copper Supply Distortions Continue