Glencore takes a £4bn hit



ABOUT £4 billion was wiped from the value of mining and commodities trading giant Glencore yesterday after US authorities ordered it to hand over documents relating to a money-laundering probe. Shares in the FTSE 100 firm, the world’s biggest mining company, fell 28¼p to 321p after it received a subpoena from the Department of Justice to produce records with respect to compliance with the Foreign Corrupt Practices Act and US money laundering statutes.
Glencore takes a £4bn hit Glencore takes a £4bn hit Reviewed by Melbal Business News And Directory on 04 July Rating: 5

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