China Aviation Oil Lacked Risk Controls as Trade Losses Mounted (Bloomberg.com)

March 30 (Bloomberg) -- China Aviation Oil (Singapore) Corp. lost $550 million from derivatives trading because it lacked risk controls and failed to follow correct accounting procedures, a probe on behalf of the Singapore stock exchange found.

Read More...


Posted March 29, 2005

More Aviation News:

« Prior Article: Eclipse Aviation CEO to speak at DWC (Nashua Telegraph)

Aviation News Home: Aviation News and Commentary

Next Article: Civil Aviation Accidents Fell in 2004 (AP via Yahoo! News)»