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Noble Group warns of more losses

Jamalco's co-owner - Noble Group - has warned of another quarterly loss, driven by restructuring and finance costs, as the embattled commodity trader moves toward completing a US$3.5 billion rescue deal that will hand control to creditors.
 
According to a filing, the net loss for the three months to September will be US$90 million to US$115 million.
 
It expects to incur restructuring costs of about US$35 million, after spending more than US$100 million in the first half.
 
Once Asia's largest commodity trader, Noble Group's crisis has escalated in recent years as losses and defaults mounted. 


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