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Brent Crude Oil $ 61.12 / bbl -0.78%
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Glencore Xstrata logs $7.4bn net loss, eyes oil deal with Russia

Cecilia Jamasmie | March 04, 2014 | 1:50 pm Base Metals Energy Precious Metals Africa Asia Australia China Europe Latin America Coal Copper Gold Nickel Zinc 

Mining and commodities giant Glencore Xstrata (LON:GLEN) dove deep into the red last year, reporting a massive net loss of US$7.4 billion, compared with a profit of $1 billion in 2012, after booking massive write downs related to its merger....

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