Showing posts with label Embattles Commodities. Show all posts
Showing posts with label Embattles Commodities. Show all posts

Tuesday, February 23, 2016

Embattles Commodities : Noble to post loss on Coal Price Collapse

Workers load coal onto railcars at a railway station in Jiujiang, China 
Embattles Commodities Trader Noble Group is set to post its first full-year loss in nearly two decades because of the collapse in coal prices.
The firm issued a profit warning on Tuesday, saying it expects $1.2bn in asset impairment charges as coal prices remain at "lower levels for an extended period of time".
It also expects to book a loss from the sale of its agricultural unit.

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