Glencore Widens Debt Plan to Weather Rout After Worst Profit

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  • Trader and miner wants to cut debt to as low as $16.5 billion
  • Stock price has doubled this year after 70% slump last year

Glencore Seeks to Dig Itself Out of Debt Hole

Glencore Plc, the miner and commodities trader headed by billionaire Ivan Glasenberg, sharpened its plan to cut debt after reporting its worst half-yearly profit since listing in London five years ago.

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