Iceberg Research

(Aug 26): Francis Tay feels cheated.

SINGAPORE (Aug 27): Shares in debt-laden commodities supplier Noble Group were up 33.9% in the week before a key vote on its restructuring. The Straits Times Index had gained 1.3% in the same period. Noble’s rebound may have been driven by Deutsche Bank

SINGAPORE (Aug 20): In June 2013, Arnaud Vagner was fired from his position as senior credit analyst at commodity trader Noble Group. He says it was not till after he left, however, that he began to take a closer look at Noble’s financials. That was whe

SINGAPORE (Aug 17): Arnaud Vagner was fired from his position as senior credit analyst at commodity trader Noble Group in June 2013 and it was only after he left that he began to take a closer look at Noble’s financials, uncovering misrepresentations in

(Aug 16): Arnaud Vagner has been a mystery for more than three years.

SINGAPORE (Apr 19): Bowing to criticism from the Singapore Exchange (SGX) and other investors, embattled Noble Group is removing a provision in its US$3.4 billion ($4.5 billion) debt restructuring proposal that penalised shareholders voting against the pl

SINGAPORE (Jan 29): Noble Group reached an in-principle deal to restructure US$3.5 billion ($4.6 billion) in debt, saving the troubled commodity trader from bankruptcy at the cost of handing control to creditors and all but wiping out current shareholder

SINGAPORE (Dec 8): Noble Group Ltd., the embattled commodities trader, faces several significant deadlines as it wrestles with a US$3.5 billion debt restructuring.

(Aug 9): In early 2015, a previously unknown entity called Iceberg Research published a series of scathing reports attacking the accounting practices of Hong Kong commodity trader Noble Group.

SINGAPORE (Aug 3): Noble Group received a fresh broadside from Iceberg Research as the commodity trader’s long-time foe predicted that the company will probably fail, while telling executives that the anonymous commentator will not be silenced by being