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Glencore Takes $480 Million Provision on Radiant World Exposure
Commodity giant Glencore has set aside a $480 million provision related to its exposure to Radiant World, according to financial reports.
29 Aug, 15:54 — 29 Aug, 17:32
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bloombergHigh3h ago
Glencore Took $480 Million Provision on Radiant World Exposure
Glencore Plc took a provision of about $480 million on its exposure to Radiant World, the iron ore trader that is under pressure amid concerns it provided falsified documents to banks, according to people familiar with the matter.
By Jack Farchy, Thomas Biesheuvel and Mark Burton
Read full article →seeking-alphaMixed1h ago
Glencore said to have set aside $480M provision for Radiant World exposure
Read full article →Coverage Timeline
First report: bloomberg · 29 Aug, 15:54|Full coverage: 3 · 2h|Window: 2h
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