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They're not interpreters that they listen to and understand their client's needs.

With global expertise and over two centuries of experience, Citi provides tools, insights and

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They're not just any bank, they are city.

Learn more at city.com slash we are city.

The Economist.

From The Economist in London, this is Money Talks, a weekly conversation around themes in the worlds of business, finance and economics.

I'm Stan Penel, the banking editor.

And in today's episodes, we'll discuss Glencore's Troubles, stalling Global Trade, and the Fickle Copper Market.

Joining me to discuss all this are Henry Trix, our Energy and Commodity Editor,

and Mike Jakeman, an economics writer.

Henry, let's start with you and Glencore, the Mining and Trading Group, one of those

companies that it's so big that its financial figures are often compared to countries GDP,

but they seem to have run in a spot of trouble. What's going on?

Glencore tries to do everything big. They have a big swaggering boss, Ivan Glaisenberg, who launched

the biggest IPO in London in 2011.

They did a huge takeover that made them a mining company as well as a trading company

and basically they've cashed their shareholders over the head in recent months with a

precipitous decline in the share price and this week as they faced the eventual

prospect of a ratings downgrade.

...