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The company has been hurt by a China-led slowdown that’s hit prices for commodities, heightening investor concern about its debt.

But even if that plan plays out as expected, Glencore will be left with a debt mountain of around $20 billion, which is above its market value – after Monday’s share price plunge, Glencore’s value stood at about $15 billion.

Citigroup agreed to pay nearly $180m to settle a US regulator’s allegations that it defrauded wealthy clients of two failed hedge funds by telling them the investments were as safe as low-risk municipal bonds.

Citigroup Inc. agreed to pay nearly $180 million to settle a U.S. regulator’s allegations that it defrauded clients of two failed hedge funds by telling them the investments were low-risk.

In the short term, China’s currency move will amplify challenges to global growth and add volatility to markets that have lost some of their fundamental anchoring, wrote Bloomberg View columnist Mohamed El-Erian, former co-chief investment officer for Pacific Investment...

It will separate from majority owner Equinox and operate independently prior to completion of the IPO.

The surcharges, outlined in a proposed rule in December, will be phased in starting January 1, 2016 and become fully effective three years later.