Commodity Rout Hits Major Players Hard
Emerging-market stocks traded at a four-year low amid concern about the health of the world’s No. 2 economy. Copper and oil extended declines, while commodity trader and mining company Glencore Plc reported a 56 percent drop in first-half profit. EnQuest Plc, an oil and gas producer in the North Sea, reported first-half earnings down 20 percent following the slump in crude prices.