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GLENCORE SHOCK

Glencore valuation clouded by 'black box' trading unit

London

GLENCORE plc, the commodity trader that lost about a third of its value on Monday, is worth either US$98 billion or US$26 billion, depending on which analyst you ask.

At Sanford C Bernstein, price targets published by Paul Gait suggest that the Baar, Switzerland-based

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