Glencore shares rise after AllianceBernstein upgrades rating
By Scott Kanowsky Investing.com -- Shares in Glencore PLC (LON:GLEN) moved higher on Wednesday after analysts at AllianceBernstein raised their rating of the mining giant, citing an...
-
-
Glencore to sell Australian copper mine to SPAC for $1.1 billion
(Reuters) – Glencore said on Wednesday that blank-check firm Metal Acquisition Corp (MAC) agreed to an amended agreement to buy the global miner’s Cobar copper mine in Australia in a...
-
Chad agrees debt plan with creditors, including Glencore, says minister
N’DJAMENA (Reuters) – Chad has reached agreement on a debt plan with creditors, including Swiss commodities trader Glencore, finance minister Tahir Hamid Nguilin said in a statement on...
-
Exclusive-Glencore, Chad creditors agree in principle on terms of debt treatment – source
By Andrea Shalal WASHINGTON (Reuters) – Switzerland-based Glencore, China and Chad’s other creditors have reached an agreement in principle on a debt treatment plan for the African...
-
Russia’s Sberbank sues Glencore for $116 million over oil supplies
MOSCOW (Reuters) – Russia’s largest lender, Sberbank, is suing global commodities trader Glencore for around 117 million euros ($116 million) over unpaid oil supplies, the database of...
-
Mining Stocks, Base Metals Roar Higher on China Optimism
By Geoffrey Smith Investing.com -- Mining stocks rose sharply on Friday as base metals prices gained in response to a report that bolstered hopes for a quick relaxation to China's...
-
Glencore ordered to pay R5.7bn over African bribes
The commodities trading giant admitted to seven counts of bribery across five countries.
-
UK court fines Glencore unit 182.9 million pounds for bribery offences
LONDON (Reuters) – A London court fined the British subsidiary of mining and trading group Glencore 182.9 million pounds ($205.87 million) on Thursday for seven bribery offences in...
-
News24.com | UK court finds Glencore must pay R2bn for bribing African officials
A London court approved on Thursday a confiscation order of 93.5 million pounds (R2 billion) against the British subsidiary of mining and trading group Glencore for seven bribery offences in...
-
UK court approves $105 million confiscation order against Glencore unit
LONDON (Reuters) -A London court approved on Thursday a confiscation order of 93.5 million pounds ($105.29 million) against the British subsidiary of mining and trading group Glencore for...
-
Cash, traders and oil: How Glencore bribed its way across Africa
Glencore admitted its guilt and is due to be sentenced in the UK case on Thursday.
-
Glencore Faces Further Bribery Penalties in the U.K.
British prosecutors are seeking over $200 million in penalties from Glencore to resolve a probe into bribery in Africa, and they said they now want to prosecute a number of the commodities...
-
Glencore employees moved bribes cash by private jet, London court told
By Sam Tobin LONDON (Reuters) – Employees and agents of a British subsidiary of mining and trading group Glencore used private jets to transfer cash to pay bribes to oil officials in...
-
News24.com | Glencore flew cash across Africa in private jets to pay bribes
Glencore officials delivered cash in private jets to officials across Africa, UK prosecutors said as they laid out a web of bribery and corruption orchestrated by the London oil trading...
-
Tesla Talked to Glencore About Buying Stake
Discussions were preliminary and didn’t result in any deal. Tesla is already a customer of Glencore, a big cobalt producer.
-
Tesla, Apple, Petrobras Fall Premarket; Wynn Resorts Rises
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Monday, October 31st. Please refresh for updates. Tesla (NASDAQ:TSLA) stock fell 1.1% after the Financial Times...
-
Tesla-Glencore Talks, Russia Grain Deal, Lula Victory - What's Moving Markets
By Geoffrey Smith Investing.com -- Tesla eyes radical steps to lock in supplies of key battery metals, while Apple's main supplier is scrambling to relocate staff away from its biggest...
-
European Stocks Edge Lower; Eurozone CPI Data Looms Large
By Peter Nurse Investing.com - European stock markets edged lower Monday, with investors digesting weak Chinese factory activity data and a surprise bounce in German retail sales, ahead of...
-
Glencore Shares Slip as Tesla Reportedly Eyes Potential Stake Purchase
By Scott Kanowsky Investing.com -- Tesla Inc (NASDAQ:TSLA) has been in talks with Glencore PLC (LON:GLEN) over the electric carmaker potentially taking a stake in the Swiss commodities...
-
Glencore cuts zinc output guidance after production drops 18% in nine months
LONDON (Reuters) – Glencore produced 18% less zinc in the first nine months compared with the same period a year before, the company said on Friday as it trimmed its full-year output...
-
Glencore set for record 2022 trading profit despite second-half fall
LONDON (Reuters) – Glencore expects second-half operating profit at its trading arm to fall sharply from the previous six months to $1.6 billion, it said on Friday, but it remains on...
-
Dow Jones Newswires: Glencore cuts guidance as production falls in most commodities for year to date
The company blamed a number of issues for its performance, including extreme weather in Australia, industrial action at nickel assets in Canada and Norway and supply-chain issues in...
-
Nigeria loses compensation bid over Glencore bribery
By Sam Tobin LONDON (Reuters) – Nigeria’s bid to claim compensation from a British subsidiary of mining and trading group Glencore over bribes paid to officials at Nigeria’s state oil...
-
Exclusive-Glencore delivers Russian-origin aluminium into LME system -sources
By Pratima Desai and Mai Nguyen (Reuters) – Commodity trader Glencore has delivered significant amounts of Russian-origin aluminium to London Metal Exchange registered warehouses in...
-
News24.com | Glencore faces flood of UK litigation after bribery charges
Glencore faces a raft of class-action style lawsuits from investment and pension funds in the UK, months after the mining giant pleaded guilty to market manipulation and bribery.
-
Glencore to place Nordenham zinc smelter on care and maintenance from Nov 1
LONDON (Reuters) – Miner and trader Glencore will place its Nordenham zinc smelter in Germany on care and maintenance from Nov. 1, it said in a memo.
-
Costco, FedEx, Boeing Fall Premarket; Raytheon, FuboTV Rise
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Friday, September 23rd. Please refresh for updates. Costco (COST) stock fell 2.5% after the big-box retailer reported a...
-
Costco, FedEx, Boeing Fall Premarket; Raytheon, Fubotv Rise
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Friday, September 23rd. Please refresh for updates. Costco (NASDAQ:COST) stock fell 2.5% after the big-box retailer...
-
Glencore Shares Rise After Miner Unveils Extra Dividend, Buybacks
By Scott Kanowsky Investing.com -- London-listed shares in Glencore PLC (LON:GLEN) rose on Thursday after the mining giant pledged to deliver an extra $4.5B to shareholders as...
-
Taylor Wimpey Says Home Demand Remains ‘Strong’: The London Rush
(Bloomberg) -- Here’s the key business news from London-listed companies this morning. Taylor Wimpey Plc (LON:TW): The homebuilder expects its full year operating profit to be towards the...
-
More Oil Middlemen Muscle in to Supply India with Russian Crude
(Bloomberg) -- India is set to get more channels to buy cheap Russian oil, with a new wave of smaller, international traders muscling into its vast market by offering barrels shunned by...
-
Glencore Rises After Smashing Forecasts with Trading Profit
By Geoffrey Smith Investing.com -- Glencore (LON:GLEN) stock rose 2.5% in early trading in London on Friday, putting it at the top of the FTSE 100 index, after it said it had cashed in...
-
Big Dividend Payers May Be Next After UK Windfall Tax on Energy
(Bloomberg) -- U.K. Chancellor of the Exchequer Rishi Sunak just slapped a £5 billion ($6.3 billion) levy on energy companies to help fund support for Britons facing a cost-of-living crisis....
-
New Oil Traders Fill the Void as Top Names Abandon Moscow Ties
(Bloomberg) -- With the world’s largest oil traders scaling back Russian crude exports, the market is trying to figure out who is going to fill the void. The answers include a medium-sized...
-
Hong Kong’s Refusal to Open Border Is Crushing City’s Businesses
(Bloomberg) -- Sparks cascade into the night sky as welders work on two office towers arising in Hong Kong’s waterfront banking district. Owned by companies controlled by the city’s two...
-
Mining Giant Glencore Is Losing Support for Its Climate Plan
(Bloomberg) -- Shareholder support for Glencore (OTC:GLNCY) Plc’s climate change strategy has weakened and the world’s top coal shipper will now have to consult with investors as it looks to...
-
U.S. GDP, Apple & Amazon Earnings, Yen Slump - What's Moving Markets
By Geoffrey Smith Investing.com -- U.S. first-quarter GDP growth is due, and is expected to show a sharp Covid-driven slowdown. Earnings season continues at fever pitch, with last night's...
-
Glencore Rises as Mixed Output Guidance Points to Further Metal Market Tightness
By Geoffrey Smith Investing.com -- Glencore stock rose on Thursday after the world’s biggest mining company predicted another year of solid profits due to high prices for its main...
-
China Locks Down Part of Its Northern Hub for Coal Shipping
(Bloomberg) -- The northern port of Qinhuangdao is the latest Chinese commodities hub to get hit by virus-related lockdowns. The city in Hebei province has locked down its Haigang district,...
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures), cryptocurrencies, and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn't bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
