S and P mulls Glencore rating rise after Xstrata merger

Shortly after Tom Albanese (pictured) took the top job at Rio Tinto in 2007, the mining giant emerged victorious in the bidding war for Alcan, a Canadian aluminium company. No one doubted that it was a top performer, albeit in a difficult business. But the $38 billion handed over by Rio, at the top of the market, monstrously overvalued Alcan.

Shareholders in commodities giant Glencore voted overwhelmingly in favor of a merger with Anglo-Swiss miner Xstrata, a deal that would create the world's fourth-largest diversified mining company.

Most people, even CEOs, consider work-life balance an admirable goal. And the idea that workplace connections and time together away from the desk boost performance is gaining more and more traction.  

Shareholders in commodities giant Glencore voted overwhelmingly in favor of a merger with Anglo-Swiss miner Xstrata, a deal that would create the world's fourth-largest diversified mining company.

Commodities-trading giant Glencore said it won't be able to complete its proposed merger with mining company Xstrata by March 15 because it is still awaiting regulatory approval from the authorities in China.

Commodities-trading giant Glencore said it won't be able to complete its proposed merger with mining company Xstrata by March 15 because it is still awaiting regulatory approval from the authorities in China.