GENEVA — Newly-merged commodities and mining group Glencore Xstrata Plc reported a near $9 billion first-half loss as it wrote down the value of its mining assets by a hefty $7.66 billion. The write-down, the Swiss-based company said Tuesday alongside half-year results, reflected “the broader negative mining industry environment” and […]Read more ›
Post Tagged with: "Industries"
GENEVA — Swiss food and drinks giant Nestle SA posted a 3.7 percent rise in first-half profits Thursday, but warned it would not be easy sticking to its sales targets as it tackles slowing markets around the world and “value-conscious” consumers. Investors sent shares down 2.4 percent to 63.15 Swiss […]Read more ›