Telegraph.co.uk |
Commodities giant Noble Group shrinks down as it warns of $1.8bn loss
Telegraph.co.uk The downturn in global commodity prices pushed the firm into deeper trouble, resulting in sharp falls in its share price and downgrades from credit ratings agencies. Mr Elman stepped down as chairman earlier this year but retains an 18pc stake. Last ... Embattled Noble links with Mercuria as it slims down to stay afloat Noble Group announces dramatic shrink-to-survive measures, warns of $1.8bn loss Noble selling businesses, assets to pare debt; expects loss for Q2 |
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