A Singapore court has placed Radiant World Corporation under interim judicial management, appointing KPMG executives to oversee the company following allegations by Mizuho Bank that Radiant World fabricated $97.3 million in iron ore receivables. Radiant World, which reported $9.6 billion in revenue for 2025, faces a $499.2 million asset freeze and investigations by Singaporean and US authorities. The company denies wrongdoing and has filed a $2 billion lawsuit against Glencore, claiming the dispute is commercial, not fraudulent. KPMG’s managers will now assess Radiant World's true financial status and manage its operations amid concerns about supply chain impacts and trade finance legitimacy.
The Singapore court's appointment of KPMG to oversee Radiant World amid fraud allegations is notable. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 24, 2026 19:22 WIB: out of 50 major cryptocurrencies, 8 rose and 40 fell. Notable movers include BAL (Balancer) at Rp16.297 with an 11.14% increase, ONE (Harmony) at Rp44 down 22.33%, and SUSHI (SushiSwap) at Rp4.394 down 9.93%.
Microbiotica presented positive Phase 1b trial results for MB097, a precision microbiome therapy combined with KEYTRUDA, in advanced melanoma patients resistant to anti-PD-1 therapy. The trial showed MB097 was safe, well tolerated, and led to signifi...
Norsk Hydro has announced its Investor Day event scheduled for November 25, 2026, in London, with an option to join virtually. The event will feature presentations and Q&A sessions with the CEO and CFO, followed by a roundtable exclusively for sell-s...
STMicroelectronics has introduced the first combination sensors for automotive safety aimed at mass-market vehicles, integrating multi-axis accelerometers and gyroscopes in one package. These sensors support advanced safety features like crash protec...
Norsk Hydro has announced an investor day event scheduled for November 25, 2026, in London at 30 Euston Square. The event will feature presentations and Q&A sessions with the CEO and CFO, followed by lunch and roundtable discussions exclusively for s...
Barmeter Technologies highlighted research by Harsha Nooka on AI-generated front-end code accessibility. The study introduced AXIS-Bench, a benchmark testing if AI-created web components meet accessibility standards for keyboard users and assistive t...
