Arab Today, arab today mining giant glencore reports 676m firsthalf loss
Last Updated : GMT 12:04:57
Arab Today, arab today
Arab Today, arab today

Mining giant Glencore reports $676m first-half loss

Arab Today, arab today

Arab Today, arab today Mining giant Glencore reports $676m first-half loss

Glencore
Zurich - AFP

Swiss mining and commodities giant Glencore on Wednesday reported a first-half loss of $676 million (620 million euros) on the back of falling prices in the metals market and asset depreciation.

In the first half of 2014, Glencore recorded profits of $1.7 billion.

Glencore shares have fallen by 40 percent this year, reflecting investor mood about mining firms amid fears slower economic growth in China will hit demand.

 

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