Glencore shares surge on agriculture asset sale hopes

Shares in beleaguered trader and miner Glencore Plc rose on Monday on hopes it was on track with its debt-cutting plans with a sale of a stake in its agricultural assets. Glencore's share price has lost more than 60% this year, battered by a collapse in global commodity prices over the past year and market jitters over the miner's ability to service its heavy debts.