The Local Switzerland

JPMorgan's commodities biz bought by Swiss firm

Wed, 19 Mar 2014 16:32:00 +0100

US banking giant JPMorgan Chase announced on Wednesday that it is selling its physical commodities business to Geneva-based trading firm Mercuria Energy Group Limited for $3.5 billion.

Philippine protests delay Xstrata mine project

Wed, 12 Dec 2012 19:23:00 +0100

Swiss mining giant Xstrata is delaying the commercial production of its $5.9-billion gold and copper mine in the Philippines to 2019 due to problems with security and the government, the company says.

EC attaches conditions to Swiss mega merger

Thu, 22 Nov 2012 14:57:00 +0100

The European Commission on Thursday gave a conditional green light to the massive tie-up between Swiss mining giant Xstrata and commodities trader Glencore that would create a global leader.

Cool reception for Glencore share launch

Wed, 25 May 2011 12:51:00 +0200

Shares in Swiss commodities giant Glencore slipped in their Hong Kong trading debut Wednesday, following a similarly tepid launch in London for the year's biggest initial public offering.

Glencore IPO raises $10 billion

Thu, 19 May 2011 13:51:00 +0200

Swiss commodities giant Glencore said on Thursday that it had raised about $10 billion (7.0 billion euros) through an initial public offering set at 530 pence per share.

Glencore sets share price in bumper IPO

Wed, 04 May 2011 11:29:00 +0200

Swiss-based commodities giant Glencore has set a price for its dual initial public offering in Hong Kong and London, which will be the world's biggest so far this year, a report said on Wednesday.

Glencore announces biggest IPO this year

Thu, 14 Apr 2011 13:04:00 +0200

Swiss commodities giant Glencore on Thursday announced the world's biggest initial public offering so far this year, saying it plans to list in London and Hong Kong.

Xstrata boss hints at Glencore merger

Tue, 08 Mar 2011 15:42:00 +0100

The chief executive of Swiss mining group Xstrata has suggested that an independent listing of both his company and commodities giant Glencore would be unsustainable.

Big profit jump for Glencore

Thu, 03 Mar 2011 18:50:00 +0100

Swiss commodities giant Glencore posted Thursday a 40.7 percent jump in 2010 net profit to $3.8 billion.