Moody’s Investor Service has cut the credit rating of commodities trading giant Glencore to the lowest investment grade possible. The credit rating for Glencore is now just one notch above junk status. Moody’s has said […]
Tag: Glencore
Banks Heavily Affected By Glencore’s Severe Financial Troubles
Financial firms are extremely concerned about their heavy involvement with struggling commodity trader and mining company Glencore. Banks from across the world have approximately $100 billion invested into the company, and most of its trade […]
Glencore Shares Rally Again And See 70% Rise In Hong Kong
Commodity trader and mining company Glencore is continuing to rise after its massive decline, as shares for the company are up more than 70% in Hong Kong. Just one week ago, shares for Glencore had […]
Glencore Rebounds After A Major Slump In Share Prices
After a 29% plunge in the value of its shares on Monday, commodities trading firm Glencore has recouped most of its losses. The company, run by billionaire Ivan Glasenberg, rebounded over the past two days, […]
Glencore Shares Rally Just One Day After Historic Loss
Shares for Glencore have rallied, achieving their biggest gain in the history of the commodity trading and mining company. The value of the shares increased by 17% after the company insisted that it will be […]
Goldman Sachs Almost Invested Into Rapidly Declining Glencore
Goldman Sachs nearly invested heavily into now-tanking company Glencore, but they didn’t because of potential regulatory limits. The investment firm was ready to put millions of dollars into the commodity trading and mining company, but […]
Zambia Economy Performing Dreadfully As Glencore Suffers
The recent pathetic financial performance from commodity trading and mining company Glencore is now affecting the country of Zambia in southern Africa. Zambia is known for its copper mines, and the awful performance by Glencore […]
Glencore Losing Massive Amounts of Money Could Spell Its Demise
Commodity trader and mining company Glencore lost as much as one-third of its value today, representing the company’s single largest one day decline since it made its initial public offering in 2011. The company has […]
Saudi Arabia Is Going Broke Because Of Declining Oil Prices
Financial troubles are looming in Saudi Arabia, as the country has taken nearly $70 billion from global asset managers in an attempt to curb its budget deficit. The country is attempting to stop the decline […]