Market Chatter: Glencore Halts Business Dealings with Radiant World; Intesa Sanpaolo Reviews Exposure

11:52 AM EDT, 07/31/2026 (MT Newswires) -- Commodities giant Glencore (GLEN.L, GLN.JO) halted doing new business with Radiant World, while banking group Intesa Sanpaolo (ISP.MI) is reviewing its exposure to the iron ore trader, Bloomberg News wrote Friday, citing sources. Vitol Group and Cargill have also reportedly stopped trading with Radiant World, with Jefferies Financial Group's Point Bonita fund assessing its exposure. The moves came after Radiant World was found to have submitted invalid invoices or other documents to its banks, people familiar with the matter told Bloomberg. Glencore, Intesa Sanpaolo, Vitol, Cargill and Jefferies did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)