Carson Block

Short seller Carson Block targets Standard Chartered on loan risks

Carson Block

Block, who has in recent months targeted Singapore commodity trader Olam International, is turning his focus to Standard Chartered after Olam became more responsive to investors and won increased backing from Singapore sovereign wealth fund Temasek.

Tuesday, 14 May, 2013, 3:32am

Carson Block reveals Muddy Waters' secret weapon: the SEC

Illustration: Emilio Rivera

Muddy Waters, whose analyst reports triggered US$7 billion in losses for mainland Chinese stocks, used an unlikely secret weapon for its research: the public website of the United States Securities and Exchange Commission.

21 Feb 2013 - 6:07am

Olam International's bond sale only 'delays collapse', says Carson Block

Carson Block

Olam International's planned US$1.25 billion raising will only postpone the likely collapse of the commodity trader, according to Muddy Waters, the research firm led by short-seller Carson Block.

5 Dec 2012 - 3:12am

Rice trader Olam International fights back over Muddy Waters' claims

Group Managing Director and Chief Executive Officer Sunny Verghese of Olam International Limited. Photo: Reuters

Olam International, whose shares have fallen 9.5 per cent since short seller Carson Block said it might fail, has sued him for defamation. He responded with a 133-page report that called the commodity trader an emperor with no clothes.

4 Dec 2012 - 3:10am

Short-selling eases as Block loses interest

Carson Block, founder of Muddy Waters. Photo: Bloomberg

Carson Block says it's become too difficult to short Chinese equities in the US as bets on stock declines drop by 50 per cent from a year ago.

29 Nov 2012 - 3:46am

Olam turns to courts in battle with Muddy Waters

Sunny Verghese, group managing director and chief executive of Olam International. Photo: AFP

Singapore commodities trader Olam International took its battle with short-seller Muddy Waters to a Singapore court on Wednesday as it fought off criticisms of its accounting practices and debt levels that have battered its share and bond prices.

22 Nov 2012 - 1:24pm

Accounting questions send shares of commodity trader Olam lower

Olam International slumped the most in six months in Singapore trading after short-seller Carson Block questioned the agricultural commodity trader's accounting methods.

The share fell 7.5 per cent to S$1.61 at the close, the lowest since May 16, while its bonds also fell in Asian trade.

21 Nov 2012 - 1:56am

Commodity trader Olam battles Muddy Waters accounting claims

Temasek Holdings, Singapore state-linked investment firm, owns 16 per cent in Olam International. (AFP PHOTO/ROSLAN RAHMAN)

Singapore commodities trader Olam International Ltd defended its accounting practices after attacks by short-seller Muddy Waters which media reports said questioned the way it keeps its books, sending its U.S.-listed shares tumbling.

20 Nov 2012 - 3:27pm