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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Dubai - Arab Today
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