Glencore slashes spending again as markets dive

摘要

Glencore PLANS to make further major cuts in capital spending this year, citing a "volatile market backdrop". The Switzerland-based commodities major will take a further $1.1bn-$1.4bn from this year's capital expenditure, estimated at $7.9bn just two months ago. But the company didn't specify where it would target cuts, promising to reveal all in its 2014 results, due in early March.