Glencore posts $5-bn loss for 2015 against $2.3-bn gain in 2014

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Zurich (AFP)

Debt-laden mining and commodities giant Glencore on Monday reported results deep in the red for 2015 due to plunging prices for metals and oil.

The Switzerland-based company posted a net loss attributable to share-holders of $4.96 billion (4.5 billion euros) last year, compared to a net profit of $2.3 billion just a year earlier.