Struggling commodities giant Glencore said it produced less copper and zinc in the fourth quarter of 2015 and made another stride in its debt-slashing plan with a $500 million deal to deliver gold and silver to Franco-Nevada Corp.
Commodities titan Glencore PLC reported lower fourth-quarter copper and zinc output, in line with its promise to cut back production as it seeks to slash costs and pare back debt amid a protracted commodities price slump.
Nokia has warned of an impending slowdown in the telecommunications-equipment sector amid growing worries about the health of the global economy, just as the integration of the recently acquired Alcatel-Lucent gathers speed.
Prime Minister Shinzo Abe’s economic-revitalization plan was a bet that a committed central bank could jolt Japan out of decades of decline. But the bank’s failure to generate a sustained economic upswing suggests the “Abenomics” program has reached an impasse.