Troubled Noble Group to wind up oil trading operations in Asia, London

Troubled Noble Group to wind up oil trading operations in Asia, London

Noble Group Ltd. signage sits on display outside during an investor day in Singapore. Photographer: Nicky Loh/Bloomberg

Noble Group is closing down its London oil desk and winding down its Asia oil operations, sources familiar with the matter said, as heavy losses and high debt force what was once Asia’s biggest commodities trader to restructure.

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