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From $11 billion trading titan to penny stock: Noble Group faces crunch as creditors, investors circle

Reuters  |  SINGAPORE 

By Anshuman Daga and Henning GloysteinSINGAPORE (Reuters) - Just seven years ago, Noble Group was a $11 billion-plus Asian commodity powerhouse, trading everything from soybeans to oil. As it readies its latest earnings report, it's worth barely $80 million, rooted among Singapore's penny stocks.Due later on Tuesday, Noble's first-quarter results will shed light on whether it can stem huge losses provoked by a lack of trade financing and market calls that went sour - while whittling down a debt mountain. They also precede shareholder meetings and legal rulings that will decide whether it ...

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First Published: Tue, May 15 2018. 14:46 IST
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