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Bloomberg

Oil near one-month high amid Opec cuts, economic uncertainty

10th January 2019 Oil traded near a one-month high after entering a bull market, while the tension between an uncertain economic outlook and efforts by Opec to restrict supplies continued to cause volatile trading. West Texas Intermediate slipped 0.5% after a rally on Wednesday brought crude’s rebound from an... 

May stares into Brexit abyss as Parliament takes control

10th January 2019 Theresa May is openly contemplating a Brexit “Plan B” amid growing signs that the British Parliament will reject the deal she’s reached with the European Union and try to take charge of what happens next. On Wednesday, the prime minister suffered her second defeat in two days in the House of... 

Tiffany CEO says it's his 'duty' to reveal diamonds' provenance

9th January 2019 Tiffany & Co. is telling consumers where its diamonds come from as the jeweler tries to become more transparent in a notoriously opaque industry. Its top executive says the change was imperative. “This is a topic that has become more and more relevant for new generations,” Chief Executive Officer... 

Democrats ask for delay in easing sanctions linked to Deripaska

9th January 2019 Seven new Democratic chairmen of House committees demanded Tuesday that Treasury Secretary Steven Mnuchin hold off on the planned easing of sanctions against three companies tied to Russian billionaire Oleg Deripaska. “As the chairs of committees with oversight jurisdiction over the US response... 

Goldman warns iron-ore's jump into $70s 'is not sustainable'

9th January 2019 Iron-ore’s rally over the past month, with benchmark material pushing back into the $70s, is at risk as banks including Goldman Sachs Group and Morgan Stanley warn that prices are poised to drop back. While industry fundamentals have improved, current prices won’t last as more supply is on the... 

Deep in a Panama rainforest, First Quantum bondholders spy prize

9th January 2019 First Quantum Minerals is poised to fire up a giant copper project in Panama, thousands of miles from its beleaguered mines in Zambia. For bondholders, that’s a welcome distance. The Canadian copper company is ramping up production at the Cobre Panama plant this year, even as a mining tax hike... 

India court backs Vedanta restart order while State appeals

8th January 2019 India’s top court has asked Tamil Nadu to comply with a green tribunal order allowing the restart of Vedanta’s copper smelter that has been shut since March, while also agreeing to hear the southern state’s appeal. The Supreme Court, in an interim ruling, has asked Tamil Nadu to comply with last... 

Ghosn says he's innocent in first appearance since arrest

8th January 2019 Carlos Ghosn rejected prosecutor claims of financial wrongdoing in the car titan’s first public comments since his shock arrest in Japan almost two months ago. “I have been wrongly accused and unfairly detained based on meritless and unsubstantiated accusations,” the former chairperson of Nissan... 

South Africa finds foot-and-mouth disease in cattle in Limpopo

8th January 2019 South Africa’s Department of Agriculture has quarantined an area in Vhembe in Limpopo province following positive laboratory results for foot-and-mouth disease in cattle in the district. Samples were collected during a disease investigation after reports of cattle with lameness were received, the... 

Daimler offers self-driving big rigs as Tesla plots truck debut

8th January 2019 Daimler will start selling a heavy-duty truck in the U.S. this year that’sle to brake, accelerate and steer at all speeds on its own. This will coincide with the planned launch of electric-car leader Tesla’s Semi truck, which will stoke competition at a time when demand in North America is... 

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