Singapore-listed Noble Group targets $3.4b debt-to-equity swap for survival

A Noble Group sign is pictured at a meet-the-investors event in Singapore August 17, 2015. REUTERS/Edgar Su

Troubled commodities trader Noble Group Ltd warned of a massive annual loss, citing challenging operating conditions, but said it was making progress to clinch a $3.4 billion debt-for-equity swap to ensure its survival.

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