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Liquidity crunch said to push Noble into ditching European power, gas by end-2016

Singapore Business Review

Traders, support staff have been leaving the firm.

According to Bloomberg, Noble Group Ltd. plans to quit power and natural gas trading in Europe by the end of the year as the embattled commodities firm cuts capital-intensive businesses, according to three people familiar with the matter.

The Hong Kong-based company is winding down its books in European power and natural gas, with traders and support staff leaving the company, said the people, who asked not to be identified because Noble hasn’t made a public announcement.

Read the full report here.



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