Brazilian miner Vale SA’s shares plunged on Monday, wiping out nearly 62 billion reais ($16.4 billion) in market value, after a tailing dam collapse on Friday killed at least 60 people and left 292 missing with slim hopes for recovery.
When Germany signed a deal last month to help Bolivia exploit its huge lithium reserves, it hailed the venture as a deepening of economic ties with the South American country. But it also gives Germany entry into the new “Great Game”, in which big powers like China are jostling across the globe for access to the prized electric battery metal.
Tesco, Britain’s biggest retailer, said on Monday it was making changes to its UK business that could impact up to 9,000 jobs.
Cobalt27 Capital Corp. (TSX.V: KBLT) (OTC: CBLLF) interview with Anthony Milewski, Chairman & CEO. Cobalt is a key ingredient in electric vehicle, and energy storage batteries. In this interview, Anthony explains how Cobalt27 is structured to […]
U.S. stocks fell at open on Monday, as disappointing forecasts from Caterpillar and chipmaker Nvidia set a dour note for an earnings-heavy week that also includes a Federal Reserve meeting and a fresh round of U.S.-China trade talks.
Saudi Aramco is pushing for a top credit rating ahead of its first international bond sale, but Saudi Arabia’s sluggish economy may curb the state-owned oil firm’s ambitions.
Caterpillar Inc on Monday reported quarterly profit that widely missed Wall Street estimates, hurt by softening demand in China, a strong dollar, and higher manufacturing and freight costs, sending shares tumbling 6 percent.
David Crane, former chief executive of U.S power company NRG Energy, will exercise the voting rights for Russian bank VTB’s stake in EN+, as part of the agreement for the United States to waive sanctions against the company previously controlled by Oleg Deripaska, a source close to the matter said.
The London Stock Exchange lifted the suspension on En+ Group’s London-listed global depositary receipts (GDRs) available to U.S. investors, a spokeswoman said on Monday after Washington dropped sanctions on the Russian company.
Oil fell nearly 2 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, but the price is still on course for its strongest January gain for 14 years.
Brazilian miner Vale SA’s shares plunged on Monday, wiping out nearly 52 billion reais ($13.84 billion) in market value, after a tailing dam collapse on Friday killed at least 60 people.
Russia’s communications watchdog is carrying out checks to establish whether U.S. consumer goods group Procter & Gamble and Burger King are complying with local data laws, a spokesman for the watchdog said on Monday.
Caterpillar Inc fell short of analysts’ estimates for both fourth-quarter profit and its full-year 2019 outlook on Monday, sending its shares down 5 percent as it suffered from a slowdown in construction business in China.
Jet Airways Ltd said on Monday it would seek shareholder approval next month to convert existing debt into equity, part of efforts by the cash-strapped Indian airline to resolve its financing problems.
Facebook said on Monday it will beef up its rules and safeguards around political adverts to prevent foreign interference in elections, including those in Europe this year.
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