Bloomberg Originals
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Glencore Feels the Pain from China-led Slowdown
Posted
September 30, 2015
Views
815
Likes
7
Comments
1
Engagement
0.98%
September 30, 2015
815
7
1
0.98%
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Sep 30, 20152:51Now PlayingSeptember 29 -- Glencore Plc rebounded in London trading a day after the stock fell 29 percent to a record low on concern is debt pile its too large to withstand a prolonged slump in commodity prices. Glencore has been caught up in a China-led slowdown that’s hit prices for commodities from oil to copper to coal. Billionaire Chief Executive Officer Ivan Glasenberg is working on a $10 billion debt reduction plan that includes the sale of assets, shelving of the company’s dividend and a $2.5 billion share sale completed earlier this month.
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