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Glencore Axes Cotton Trading Head
Glencore has terminated Mark Allen as head of its cotton trading team.
Glencorehas terminatedMark Allenas head of its cotton trading team,金融时报》reports. Allen joined 18 months ago from Hong Kong–based traderNoble Group.
The Swiss trading house’s cotton trading business was losing money in the first half of the year. The team is now under the direct charge ofPeter Poort, an executive in Glencore’s agricultural unit.
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