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Glencore Boosts Outlook for Another Bumper Trading Year

Glencore Boosts Outlook for Another Bumper Trading Year
This content was published on July 30, 2021 - 06:59
July 30, 2021 - 06:59
(Bloomberg) Glencore Plc is set to report another year of bumper profits from its trading business as the commodities giant cashes in on soaring prices, but lowered expectations for production of its own material.
The unit’s core profit is now expected to hit the top end of its guidance range of $2.2 billion to $3.2 billion this year, Glencore said in a statement Friday. The upgraded outlook would bring earnings from the trading business close to the record $3.3 billion the company reported last year, and help offset a series of setbacks at its own mines that have forced the company to lower some production forecasts. ....

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Glencore Boosts Outlook for Another Big Trading Profit This Year

Glencore Boosts Outlook for Another Big Trading Profit This Year
swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.

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Glencore Names New Chairman to Complete Leadership Overhaul

Glencore Names New Chairman to Complete Leadership Overhaul
bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.

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World Bank's Malpass Says Glencore Should Renegotiate Chad Loan

May 21 2021, 12:22 AM
May 20 2021, 8:07 PM
May 21 2021, 12:22 AM
(Bloomberg) Glencore Plc and its syndicate of lenders should renegotiate their more than $1 billion oil-for-cash loan to Chad to make the nationâs debt sustainable, World Bank President David Malpass said.
(Bloomberg) Glencore Plc and its syndicate of lenders should renegotiate their more than $1 billion oil-for-cash loan to Chad to make the nationâs debt sustainable, World Bank President David Malpass said.
The worldâs biggest commodities trader and other commercial lenders should be included in talks with the central African nation under the Common Framework created by the Group of 20 leading economies to get private creditors involved in debt relief alongside public lenders. Chad is one of three countries out of 73 eligible thatâs seeking relief under the framework. ....

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Tony Hayward Will Leave Glencore by 2022 After One More Term

Tony Hayward Will Leave Glencore by 2022 After One More Term
This content was published on March 11, 2021 - 15:47
March 11, 2021 - 15:47
(Bloomberg) Glencore Plc, the world’s top commodities trader, said Tony Hayward will step down as chairman at the latest by next year’s annual general meeting, after overseeing the appointment of its first new CEO in 20 years.
Hayward’s departure as chairman had been expected, given he’s held a board role for more than nine years, a period longer than recommended under U.K. governance code. Yet the company said Thursday that the board supported him staying another year, to oversee the once-in-a-generation change in leadership at the company, as well as navigate multiple ongoing legal probes. ....

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