Glencore Xstrata posts first-half loss of $8.9b | GulfNews.com:
"Newly merged mining giant Glencore Xstrata reported a switch into a first-half net loss of $8.9 billion (Dh32.7 billion) on Tuesday owing to merger write-downs, but signalled it would pay an interim dividend.
At the same time last year and on a comparable asset base, the business made a net profit of $2.2 billion.
The expected dividend was a sign of confidence in the future, the group said, forecasting bigger-than-expected economies of scale."
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