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Noble Group flags another loss as restructuring costs mount

Commodity major Noble Group warns of a new quarterly loss, driven mainly by costs related to its corporate restructuring. The company is on track to complete a USD 3.5 billion rescue deal.
Photo: Bloomberg
Photo: Bloomberg
BY KRYSTAL CHIA AND DAVID YONG, BLOOMBERG

Noble Group Ltd. warned of another quarterly loss, driven by restructuring and finance costs, as the embattled commodity trader moves toward completing a USD 3.5 billion rescue deal that will hand control to creditors.

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