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...
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Glencore News & Analysis
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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...
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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...
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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...
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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...
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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...
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Glencore UK subsidiary ordered to pay $310 mln over bribery
Glencore Energy UK Limited was ordered to pay a 182.9 million pound fine by Judge Peter Fraser at Southwark Crown Court, who also approved a 93.5 million pound confiscation order.
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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...
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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...
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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...
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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...
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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.
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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...
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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...
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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...
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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...
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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...
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Glencore lowers coal production targets
The Switzerland-based firm said it had cut its coal production target to 110 million tonnes, down nine percent from its previous forecast in July.
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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...
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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...
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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...
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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...
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Glencore Slows Zinc Smelting As Energy Prices Sting
Via AG Metal Miner Glencore plans to place the zinc smelting line at its Nordenham plant in northern Germany on care and maintenance starting November 1. This represents yet another major...
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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.
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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...
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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...
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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 1.15%
Investing.com – U.K. equities were higher at the close on Thursday, as gains in the Automobiles & Parts, Industrial Metals & Mining and Life Insurance/Assurance sectors propelled shares...
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Miners Gain on Report of Chinese Fiscal Stimulus Plans
By Geoffrey Smith Investing.com -- London-listed mining stocks rallied hard on Thursday after a newswire report suggesting that China is prepared to ramp up infrastructure spending again in...
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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.01%
Investing.com – U.K. equities were higher at the close on Friday, as gains in the Electrical, Industrial Transportation and Food & Drug Retailers sectors propelled shares higher. At the...
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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.92%
Investing.com – U.K. equities were lower at the close on Wednesday, as losses in the Industrial Metals & Mining, Oil & Gas Producers and Life Insurance/Assurance sectors propelled shares...
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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...
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Europe Stocks Bounce After Dipping on Recession Fears; Ocado Slumps as M&S Warns
By Geoffrey Smith Investing.com -- European stocks were mostly higher after early trading on Wednesday, after following the U.S. lower on Tuesday as recession fears hit the world's most...
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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.66%
Investing.com – U.K. equities were higher at the close on Monday, as gains in the Mining, Pharmaceuticals & Biotech and Industrial Metals & Mining sectors propelled shares higher. At the...
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