Rio Tinto unlikely to revive Glencore talks

A STANDSTILL preventing Rio Tinto from approaching Glencore about a takeover expires this week, but those briefed by senior executives do not expect renewed merger talks soon, said Reuters. Instead, Rio Tinto’s CEO Simon Trott will concentrate on cost cuts and asset sales, the newswire added. Trott, who took charge of the world’s second-largest listed […]