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Glencore Eyes Bunge, Stock Soars
Tuesday, May 23, 2017 - 2:19pm | 259Read More...Glencore PLC has made a takeover approach to Bunge Ltd (NYSE: BG), according to a report from The Wall Street Journal. Shares of Bunge soared after the news, rising more than 15 percent from the low-$70 handle to over $81 per share. The London stock exchange, on which Glencore is traded, was closed...
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Citi Research Hearing Genesee & Wyoming Looking For Partner In Bid For GRail
Wednesday, June 29, 2016 - 1:44pm | 231Read More...Citi Research provided its outlook on the potential GRail transaction. Referring to recent press release, according to which Genesee & Wyoming Inc(NYSE: GWR) is looking for a partner in its bid for GRail (Glencore's Australian coal haulage operations in Hunter Valley Australia), the analysts...
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Glencore Collects $2.5 Billion In Partial Sale Of Its Agribusiness
Wednesday, April 6, 2016 - 9:53am | 357Read More...Glencore International PLC, St. Helier (OTC: GLNCY) announced on Wednesday it has entered into an agreement with Canada Pension Plan Investment Board (CPPIB) to sell a 50 percent stake in its agriculture products business segment. As part of the agreement, Glencore will sell a 40 percent equity...
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Don't Look Now, But Precious Metals Stocks Are Skyrocketing
Thursday, February 11, 2016 - 10:53am | 339Read More...Precious metal stocks were surging on Thursday, while the Dow Jones index was lower by nearly 200 points. Investors and traders were likely encouraged by M&A activity in the sector as Franco-Nevada Corporation (NYSE: FNV) acquired Glencore PLC's precious metals stream for $500 million...
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Glencore's CEO 'Surprised' By Downturn In Commodity Prices
Tuesday, December 22, 2015 - 12:16pm | 314Read More...Glencore International PLC (OTC: GLCNF) is one of the world's largest commodities trading companies. Leading the company is Ivan Glasenberg, an executive who the Financial Times labeled as "the savviest trader of his generation." Given Glasenberg's reputation as a...
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Thursday Humor: Deutsche Bank's $6 Billion Money Transfers
Thursday, October 22, 2015 - 8:27am | 175Read More...This week, we learned Deutsche Bank AG (USA) (NYSE: DB) transferred $6 billion to a U.S. fund for one day, on accident, thanks to an intern and perhaps a lack of internal controls. Per Benzinga Pro: "FT Reporting Deutsche Bank $6B Fine Related To Possible 'Fat Finger' Trade...
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Chanos: Tesla Is 'Overpriced,' I'm A Potential Purchaser Of Glencore Stock
Monday, October 12, 2015 - 10:58am | 553Read More...• In new interviews, Jim Chanos explains why he continues to short Tesla Motors Inc (NASDAQ: TSLA) and why Glencore (LON:GLEN) is on his radar. • Chanos believes Tesla has a “great product,” but faces major roadblocks on the path to the mass market. • He believes...
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Glencore Stock Rose As Much As 72% In Hong Kong As Investors Hope For Golden Exit
Monday, October 5, 2015 - 12:15pm | 373Read More...Shares of Glencore International PLC, St Helier (OTC: GLCNF) rose more than 10 percent Monday morning. Glencore's Hong Kong listed equity surged higher by 72 percent before selling off but still finished the day higher by 17.76 percent. Unconfirmed news reports suggested that Glencore...
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Dow Suffers Largest Daily Decline Since July, S&P 500 At 8-Week Lows On Global Growth Concerns
Tuesday, October 7, 2014 - 4:52pm | 2340Read More...U.S. stocks tumbled with the three major indices each shedding more than 1.5 percent as global economic growth concerns surfaced. The IMF lowered its global growth forecast for 2014 to 3.3 percent from a previous 3.4 percent. The agency also lowered its 2015 global growth projections to 3.8...
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Markets Begin The Week On A Losing Note Ahead Of Earnings Kick-Off, Fed Minutes
Monday, October 6, 2014 - 4:45pm | 1927Read More...U.S. stocks traded lower on Monday ahead of earnings season, which unofficially begins on Wednesday. The Federal Reserve will also release its minutes from its recent meeting on the same day. Major indices were trading in positive territory on Monday with the Dow up as much as 89 points before...
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Mervyn King Sends Sterling Lower; Inflation Risks Outweighed by Pro-Growth Policy
Wednesday, February 13, 2013 - 11:39am | 530Read More...Outgoing Bank of England Governor Mervyn King sent the pound lower against major pairs Wednesday following the publication of the Bank of England's Quarterly Inflation Report. The report and the ensuing press conference reiterated the Bank's stance to maintain loose policy, even as inflation...
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Morning News Summary for May 19
Thursday, May 19, 2011 - 9:25am | 441Read More...Retail Sears (NASDAQ: SHLD) reported a wider-than-expected quarterly loss as sales at Sears stores plunged both at its home turf and in Canada. Like rivals Wal-Mart (NYSE: WMT), Home Depot (NYSE: HD) and Lowes (NYSE: LOW), Sears has seen demand for appliances fall after a government stimulus for...
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Commodities Trader Glencore Preparing $11 Billion IPO Filing: Source
Tuesday, April 12, 2011 - 5:25am | 222Read More...Global commodities trader Glencore International is preparing plans to raise as much as $11 billion through an initial public offering, a source familiar with the matter told Bloomberg. It's expected that Glencore will announce a price range for the IPO on May 4, when executives are scheduled to...
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Who Could Glencore Go After? (FCX, XTA.L)
Monday, April 11, 2011 - 1:33pm | 200Read More...Glencore's upcoming IPO has been much bandied about, as the Swiss company is seen as the "Goldman Sachs of commodities trading," and after the company goes public, it could be hungry for acquisitions. CNBC is reporting that with the upcoming IPO, Glencore will finally have the ammunition to get...
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What to Ponder as the IPO Market Heats Up in 2011...
Thursday, February 3, 2011 - 10:37pm | 914Read More...Rather than focus on the turmoil in Egypt or rehash a number of economic statistics that imply the economic recovery remains a steady but slow one characterized by modest job growth near term, let's instead look at another facet of the market. No, I'm not talking about mergers and acquisitions,...
