Where will the group go from here?

Singapore

WHAT a nerve-wracking month it has been for Noble Group. First a shock first-quarter loss. Then Sinochem reportedly walking away from a near deal, followed by yet another round of downgrades by credit rating agencies.

Now, the group has been thrown a lifeline with the extension of a US$2 billion credit facility that would have otherwise expired by the end of this week. But this brings only brief respite. Where will the beleaguered commodity trader - once the largest in Asia by revenue - go from here?