Commodities

Glencore saved!

David Llewellyn-Smith
Friday 11 December 2015
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From the FT:

“We are going to deleverage this balance sheet,” said Ivan Glasenberg, Glencore’s chief executive, who is fighting to salvage his reputation as one of the top commodity traders of his generation. “We are going there and hopefully lower.”

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.