The outlook Glencore (GLCNF.PK) gave for the commodities market in its H1 earnings report sets a...


The outlook Glencore (GLCNF.PK) gave for the commodities market in its H1 earnings report sets a "somber tone... consistent with a company not inclined to bump Xstrata merger terms,” Liberum Capital writes, reiterating its view that a deal likely will fall apart. The markets appear to agree: The ratio of Xstrata to Glencore shares fell to 2.57, below the deal announcement level for the first time.
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