Blinken dismisses China's 'marriage of convenience' with Russia

LAUSANNE, Switzerland, March 21 (Reuters) - Energy trader Gunvor made strong profits last year and is looking to expand its oil trading and develop a significant power trading arm in the United States, its CEO told Reuters.

All our activities did very well," CEO Torbjorn Tornqvist told Reuters on the sidelines of the Financial Times Commodities Global Summit, declining to give figures as the firm's results are still being finalised. "It was a very, very good year.

The DOJ and the financial market regulator the CFTC have continued investigating the firm and Gunvor expects to pay a fine.
"We are looking at whether to take a provision on our books for 2022," Tornqvist said.

BEIJING, March 23 (Reuters) - China has never deliberately pursued a trade surplus with the United States, Shu Jueting, a commerce ministry spokesperson, said on Thursday, despite signs that China is continuing to reduce its reliance on American exports.