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Glencore International PLC

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  • PRESS DIGEST - Financial Times - Oct 2 Monday, 1 Oct 2012 | 8:55 PM ET

    Financial Times Headlines BANKS REAP PROFITS ON MORTGAGES AFTER QE3- CALL FOR BANK BONUSES TO BE PAID IN DEBT- GOOGLE MARKET CAP TOPS MICROSOFT- XSTRATA RECOMMENDS GLENCORE OFFER- FOUR CHARGED IN INSIDER TRADING DEALING CASE- WORKDAY EYES $3.8 BLN VALUATION IN IPO- BAKRIES TO SELL ASSETS TO REPAY LOAN- FRANCE THROWS COLD WATER ON EADS DEAL- SAC PLACES TOP MANAGER ON LEAVE- Overview BANKS REAP PROFITS ON MORTGAGES AFTER QE3.

  • Gold 1787.00 Silver 34.350 Gold 1770.69 Light Crude 92.48---------------------------------------------------------------- vernight market action with latest New York figures. NEW YORK- U.S. stocks pared gains, with the Nasdaq turning negative on Monday as Federal Reserve Chairman Ben Bernanke delivered a broad defense of the central bank's controversial bond-buying stimulus plan.

  • British blue chips rebound on U.S. data, Xstrata Monday, 1 Oct 2012 | 11:52 AM ET

    *FTSE up 1.4 percent on first day of Q4. *Xstrata rises after board back Glencore offer. LONDON, Oct 1- Britain's FTSE 100 share index rebounded from three-week lows on Monday, bolstered by strong U.S. manufacturing data and prospects of more takeover activity after Xstrata's.

  • *Xstrata splits votes to secure merger approval. *Xstrata to retain majority of board seats after Davis departure. LONDON, Oct 1- Mining group Xstrata gave its long-awaited blessing on Monday to a revised $33 billion bid from trader Glencore, bowing to investor pressure by changing the deal to ensure it isn't sunk by a payment plan to retain top managers.

  • LONDON, Oct 1- Activist investor Knight Vinke Asset Management, a top 20 investor in Xstrata, has criticised the miner's non-executive directors for failing to demonstrate sufficient independence in its protracted merger talks with trader Glencore.

  • Oct 1- Canada's main stock index looked set to open higher on Monday at the start of the quarter, with investors hoping for aggressive action from central banks after economic data from Asia and Europe showed further signs of slowing global growth.

  • *Xstrata splits votes to secure merger approval. *Xstrata to retain majority of board seats after Davis departure. LONDON, Oct 1- Mining group Xstrata gave its long-awaited blessing on Monday to a revised $33 billion bid from trader Glencore, bowing to investor pressure by changing the deal to ensure a payment plan to keep its top managers does not sink the tie-up.

  • British blue chips rebound, led by Xstrata Monday, 1 Oct 2012 | 7:00 AM ET

    *Xstrata rises after board back Glencore offer. LONDON, Oct 1- Britain's FTSE 100 share index rebounded from three-week lows on Monday, with miners bolstered by Xstrata's backing of a takeover bid from Glencore, potentially opening the door for more deals in the sector.

  • SINGAPORE, Oct 1- The Asian naphtha price was at a two-session low of $973 a tonne on Monday but margins were up for the fourth session to reach a three-week high of $134.43 a tonne as strong gasoline demand in the West continued to support the market. The strong gasoline demand in the U.S. and West Africa have likely caused Europe to cut back on its naphtha exports.

  • LONDON, Oct 1- Threadneedle Investments, one of the 25 largest shareholders in Xstrata, said on Monday it remains firmly opposed to the recommended merger with trader Glencore, which it says gives away the miner's future earnings "on the cheap".

  • Xstrata lifts UK FTSE as it backs Glencore bid Monday, 1 Oct 2012 | 4:15 AM ET

    LONDON, Oct 1- British blue chip shares rebounded early on Monday, with miner Xstrata. Shares in Xstrata gained 1.5 percent, having traded 22 percent of their full-day volume average by 0748 GMT, as the company's board backed Glencore's bid after wrestling for three weeks to reconcile opposing demands from shareholders over the deal terms.

  • Xstrata board recommends Glencore merger Monday, 1 Oct 2012 | 3:42 AM ET

    LONDON-- The board of Anglo-Swiss mining company Xstrata PLC said Monday it is recommending shareholders accept merger terms with Swiss commodities trader Glencore PLC _ a deal that would create an industry behemoth with revenues of around $175 billion. Xstrata said in a statement it was supporting the offer of 3.05 Glencore shares for each Xstrata share.

  • Xstrata leads UK FTSE up as it backs Glencore bid Monday, 1 Oct 2012 | 3:12 AM ET

    LONDON, Oct 1- Britain's blue-chip index was fractionally higher early on Monday, led by miner Xstrata. after it gave its long-awaited blessing to trader Glencore's bid. Shares in Xstrata gained 1.6 percent as its board backed Glencore's bid after wrestling for three weeks to reconcile opposing demands from shareholders over the deal terms.

  • Xstrata's non-executive directors have been considering the improved, final, offer from Glencore, the miner's largest shareholder, since Sept. 10- wrestling for three weeks to reconcile opposing demands from shareholders over the deal terms, the board and a more than 140 million pound retention package.

  • UK Stocks-Factors to watch on Monday, Oct 1 Monday, 1 Oct 2012 | 2:00 AM ET

    *Britain's FTSE 100 index is seen opening 8 to 12 points lower, or down 0.2 percent, on Monday, according to financial bookmakers.

  • Med Crude-Urals, Azeri weaken on ample supply Monday, 1 Oct 2012 | 12:22 AM ET

    In the Platts window, Statoil bought a Urals cargo from Gunvor loading Oct 14-18 from Primorsk at dated Brent minus $1.90 per barrel, some 45 cents weaker than prices last week. Azeri Light also weakened by 50 cents after Socar offered the grade from Supsa or Ceyhan for Oct 19-23 delivery at dated Brent plus $2.50.

  • News Summary: Xstrata board OKs Glencore merger Monday, 1 Oct 2012 | 12:18 AM ET

    PAY DIRT: The board of Anglo-Swiss mining company Xstrata PLC is recommending shareholders accept merger terms with Swiss commodities trader Glencore PLC _ a deal that would create an industry behemoth with revenues around $175 billion. KING COAL: Xstrata is the world's biggest exporter of thermal coal and also produces copper, nickel and zinc.

  • Italy - Factors to watch on Oct 1 Monday, 1 Oct 2012 | 12:00 AM ET

    Italy needs a strong political government, not another technocrat administration when Prime Minister Mario Monti's term ends in the spring, the head of the country's main employers' confederation said on Sunday.

  • Power Struggle Over Xstrata Heats Up     Friday, 24 Aug 2012 | 11:02 AM ET

    CNBC's Kate Kelly reports the latest details on the battle between Glencore and Qatar Holdings for what could promise to be the year's biggest M&A deal.