Shares in commodity trading firms take another tumble, driving global stocks to their lowest in more than two years, as pressure built on raw materials prices and emerging markets.
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Tag Archives: Ivan Glasenberg
Glencore to suspend dividend, sell new shares to cut debt
Mining and commodities trading firm Glencore announces it will suspend dividends, sell assets and raise $2.5 billion in a new share issue as it aims to cut its debt by a third to $20 billion by the end of next year.