Reuters: Money News: Glencore to take up to $7 billion hit on Xstrata assets

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Glencore to take up to $7 billion hit on Xstrata assets Aug 19th 2013, 03:00 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.

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