Stocks Glencore International PLC

More

  • How the commodities sector went to dust: Libra Investment founder

    Rob McCreery, founding partner of Libra Investment Services, explains how Glencore caused a moment of capitulation in the commodities sector.

  • *Glencore to cut zinc output by about a third. MELBOURNE, Oct 9- Commodities giant Glencore said on Friday it will cut 500,000 tonnes of zinc production, or around 4 percent of global supply, in its latest move to withstand weak commodities prices. Glencore, the world's largest miner of zinc ore, said the cuts will shutter about a third of its annual output, mostly from...

  • Glencore slashes zinc output by a third Thursday, 8 Oct 2015 | 10:54 PM ET

    Glencore has revealed plans to cut 500,000 tonnes of zinc production due to low prices, shuttering mines in Australia and Peru.

  • MELBOURNE, Oct 9- London zinc surged three percent on Friday after top miner Glencore said it would slash its annual output by a third, while overall sentiment for metals was buoyed by minutes showing the Federal Reserve was in no hurry to raise rates. *Shanghai zinc gained 1.4 percent to 14,020 yuan a tonne. *Commodities giant Glencore said on Friday it will cut...

  • The Bank of England

    The Bank of England has asked institutions to reveal their exposure to commodity, after slumps in oil and metal prices, the FT reports.

  • Under-fire Noble to scale back metals trading Thursday, 8 Oct 2015 | 9:45 PM ET

    Commodities trader Noble Group is scaling back its metals business to focus on more profitable areas such as oil and gas, the FT reports.

  • MELBOURNE, Oct 9- Commodities giant Glencore said on Friday it will cut 500,000 tonnes of zinc production, or around 4 percent of global supply, in its latest move to withstand weak commodities prices. The zinc cuts come on top of an array of measures Glencore announced last month to help it slash its $30 billion in net debt by a third, including lower copper...

  • Glencore to cut 500,000 T of global zinc output, jobs Thursday, 8 Oct 2015 | 7:25 PM ET

    MELBOURNE, Oct 9- Commodities giant Glencore said on Friday it will cut 500,000 tonnes of global zinc production, around one third of its annual zinc output, due to low prices. "Glencore is announcing today a 500,000 tonne reduction of contained zinc metal mine production across its operations in Australia, South America and Kazakhstan," the company said in a...

  • Gold turns lower after knee-jerk rally on Fed minutes Thursday, 8 Oct 2015 | 3:35 PM ET

    Gold turned lower on Thursday in a dramatic turnaround after Fed meeting minutes showed policymakers at the U.S. central bank were unsettled.

  • LONDON, Oct 8- The Bank of England has asked British banks to report their exposure to commodities and ensure they are mitigating risks effectively, a source familiar with the situation said on Thursday. Prices for oil and other commodities have fallen sharply in recent months, and earlier on Thursday the Financial Times reported the BoE move had been triggered...

  • LONDON, Oct 8- Copper prices slid on Thursday, under pressure from fund selling as worries about slowing demand growth in China outweighed falling stocks and output cuts. Benchmark copper on the London Metal Exchange closed at $5,135 a tonne, losing one percent as fund selling picked up following the end of a week-long holiday in China. "Anything that supports the...

  • Europe ekes out gains at close; oil prices rally 2.2% Thursday, 8 Oct 2015 | 11:30 AM ET
    The sun sets beyond an oil pumping unit, also known as a 'nodding donkey' or pumping jack.

    European stocks attempted to end Thursday on a high, as investors shook off global market woes and steered their focus towards the oil price rally.

  • LONDON, Oct 8- Oil, gas and mining accounted for nearly nine percent of all new greenfield foreign direct investment projects announced over the last decade. Between 2005 and 2014, the petroleum and mining industries announced new FDI projects totalling almost $745 billion, according to the United Nations Conference on Trade and Development.

  • *Copper dips as China demand worries weigh, funds shift positions. LONDON, Oct 8- Copper slid on Thursday, pressured by fund selling as worries about slowing demand growth in China outweighed falling stocks and output cuts. China and other emerging economies are major export markets for Germany.

  • Sentiment had also brightened towards copper and China's economy, as shown by the swift recovery in the shares of commodities giant Glencore after a one-day dive of 30 percent late last month, it said. "Glencore's share price quick rebound reflects that market concern over a hard-landing is overdone. As one-third of earnings of Glencore come from copper, the...

  • SINGAPORE, Oct 8- Gold was little changed just below a near-two-week high on Thursday, as the dollar firmed and traders awaited minutes of the last Federal Reserve policy meeting for clues about the timing of a U.S. rate hike. *Spot gold was trading at $1,144.50 an ounce by 0039 GMT. *Gold had earlier come under pressure from expectations that the Fed may raise...

  • Analysts say major U.S. banks on hook to Glencore Wednesday, 7 Oct 2015 | 6:35 PM ET
    Glencore headquarters in Baar, Switzerland, Sept. 30, 2015.

    A report shows that Bank of America, Citigroup, JPMorgan Chase and Morgan Stanley have lent $350 million apiece to Glencore.

  • LONDON, Oct 7- German copper producer Aurubis has just rung the bell on the start of the "mating season", the annual negotiation of term contracts for shipments in the following year. Aurubis' preemptive move will raise expectations of a similar-sized reduction in the annual premium from Chile's Codelco, the world's largest producer. Its European premium has been...

  • France urged to end coal projects in Turkey Wednesday, 7 Oct 2015 | 9:18 AM ET

    LONDON, Oct 7- Environmental lobby groups on Wednesday urged French President Francois Hollande to force state-owned utility Engie to stop investing in coal projects in Turkey. Engie, in partnership with the Turkish company Mimag-Sanko, plans to build the Ada Yumurtalik 1,320- megawatt coal plant in the south of Turkey. "We strongly urge you to act to cancel...

  • *Copper mkt to swing to small 130,000 T deficit in 2016- ICSG. LONDON, Oct 7- Copper hit a two-week high on Wednesday, driven by rising oil prices and an industry group's forecast for a deficit of the metal next year, although the overall demand outlook remained weak. The International Monetary Fund cut its global growth forecasts for a second time this year on...