SINGAPORE: Noble Group Ltd, the commodity trader that’s fighting to escape a spiral of decline, said net debt surged by almost US$1bil over the first six months as its business was hurt by constrained access to funds.
Net debt expanded US$945mil to US$3.82bil at the end of June from US$2.87bil at the end of 2016, the Hong Kong-based company said in a statement that confirmed a second-quarter loss.
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