GFM Network News

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Glencore to cut more debt as 2015 profit falls

London | Reuters — Glencore stepped up its debt reduction plan on Tuesday by promising to offload more assets to shore up its finances to cope with a commodities rout that wiped around a third off its 2015 profit. The Swiss mining and trading house, whose agricultural arm includes Canadian grain handling giant Viterra, aims […] Read more

Glencore sees opportunities in U.S. drought

The impact of the worst U.S. drought since the 1930s on grain markets is opening up opportunities for trade house Glencore, especially after its planned friendly takeover of Canadian grain handler Viterra, Glencore officials said. "In terms of the outlook for the balance of the year, the environment is a good one. High prices, lots […] Read more