The Traderszone Network

Published in TZ Latest News 22 January, 2016 by The TZ Newswire Staff

Exclusive: Noble Group’s Elman sees future as smaller, nimble company

Noble Group (NOBG.SI), Asia’s biggest commodities trader, expects to ride out the market downturn and recover from recent accounting-related allegations by turning into a nimble and asset-light company, its founder and chairman Richard Elman told Reuters in an interview on Friday. Elman, 75, said he sees no further disruptions to the business from charges that Noble inflated its assets by billions of dollars by inaccurately representing the value of its contracts.

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