Glencore to take up to $7 billion hit on Xstrata assets

LONDON (Reuters) – Glencore Xstrata is expected to write down the value of assets inherited from Xstrata by as much as $7 billion when it reports first-half earnings on Tuesday – the first full set of results since the takeover that created the mining giant in May.

Powered by WPeMatico

This entry was posted in World News. Bookmark the permalink.

Comments are closed.