DIRS.INFO The most relevant business & tech news

☆ Brazil's government eyes compensation deal for 2015 Vale-BHP dam burst
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Jan 27 (Reuters) - Brazil's government will try to reach a deal "as soon as possible" on compensation for the 2015 burst of a tailings dam owned by Samarco, a joint venture between Vale (VALE3.SA) and BHP <BHP.AX>, Institutional Relations Minister Alexandre Padilha said on Friday. In a news conference in Brasilia, Padilha said the matter had been discussed at a meeting with state governors earlier in the day. "We will try and reach this compensation agreement as soon as possible in light of the environmental crime that was committed in Mariana," Padilha said. In late 2021, a study done by a company contracted by prosecutors showed the "socio-environmental" damage caused by the dam rupture was between 37.6 billion reais ($7.35 billion) and 60.6 billion reais ($11.85 billion). ($1 = 5.1126 reais)Reporting by Lisandra Paraguassu; Editing by Isabel Woodford and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

☆ Investors Push Mining Companies to Adopt Better Sustainability Standards
▼ + stars: | 2023-01-25 | by ( Dieter Holger | ) www.wsj.com time to read: +4 min

Investors are pushing miners to adopt tougher sustainability policies amid fears the rush for minerals to expand renewable energy will harm the environment and poor communities. The newly-launched Global Investor Commission on Mining 2030 said it would introduce sustainability standards by next January which will seek to overhaul the mining industry this decade. “We’ll improve the practices and outcomes in the mining industry more quickly,” he said. PREVIEWThe rules will draw on lessons from investors and the mining industry’s development of the Global Industry Standard on Tailings Management. The tailings standard came out about two years ago following the 2019 Vale SA Brumadinho disaster in Brazil where a tailings dam collapsed and killed 270 people.

☆ Maybank says it likes these stocks in Indonesia's metals sector
▼ + stars: | 2023-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaybank says it likes these stocks in Indonesia's metals sectorRichard Suherman of Maybank Sekuritas discusses why it likes Vale Indonesia and Merdeka Copper Gold.

☆ Brazil should work with other countries to curb illegal gold trade, says mining lobby
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +2 min

RIO DE JANEIRO, Jan 13 (Reuters) - Brazil's mining lobby group asked the country's foreign ministry to work with other governments to improve tactics used to combat the illegal gold trade, it said on Friday. "The trade of illegal gold feeds a criminal alliance in Brazil, which is responsible for part of the devastation we see in the Amazon rainforest, something the world is watching," said Raul Jungmann, president of the Ibram trade association, in a statement. Ibram represents mining giants such as Vale (VALE3.SA), Rio Tinto (RIO.AX), BHP as well as gold miners such as South Africa's AngloGold Ashanti (ANGJ.J) and Canada's Yamana Gold <YRI.TO. The lobby group called for the ministry to work with countries that buy illegally mined Brazilian gold, such as Switzerland, to "reduce the space" for illicit operators. It has pledged to stop deforestation in the Amazon, a vital biome whose health is considered vital in the fight against climate change.

☆ A cowboy who won the lottery just sold a sprawling 50,000-acre South Dakota ranch for over $37 million
▼ + stars: | 2023-01-11 | by ( Robert Davis | ) www.businessinsider.com time to read: 1 min

The Bismarck Trail Ranch has three homes on the property and also includes a working slaughterhouse, a covered arena, and multiple storage buildings, the real-estate listing shows. The Bismarck Trail Ranch comes with three additional properties, including a slaughterhouse and a working pen. Courtesy of Hall and HallThe property is located in Vale, South Dakota, a town of about 136 people that is 51 miles north of Rapid City. A listing brochure created by listing brokerage Hall and Hall described Bismarck Trail Ranch as a "luxury ranching experience" with most of the working equipment located on the west side and the open meadowland located to the east. The house includes in-floor heating for the cold winter nights and a backup generator to keep power running during bad weather.

☆ A China ‘spending boom?’ Your guide to emerging market investing in 2023
▼ + stars: | 2022-12-26 | by ( Fred Imbert | ) www.cnbc.com time to read: +9 min

"We're going to have a spending boom in China, at least in the first half of the year," said Mehran Nakhjavani, emerging market strategist at MRB Partners. How to play emerging markets in 2023 Regardless, there are several ways for investors to get exposure to emerging markets. Perhaps the easiest way is by investing in the iShares MSCI Emerging Markets ETF (EEM). Another vehicle through which to play emerging markets is the First Trust Emerging Markets Small Cap AlphaDex ETF (FEMS) . The fund is the best-performing emerging markets ETF this year, according to Morningstar, with a year-to-date return of just over 1%.

☆ Miner BHP accused of delaying $6 billion-plus Brazil dam case
▼ + stars: | 2022-12-13 | by ( Sam Tobin | ) www.reuters.com time to read: +2 min

LONDON, Dec 13 (Reuters) - Global mining giant BHP Group (BHP.AX) was on Tuesday accused of trying to "forever put off" the question of liability for a 2015 dam collapse that triggered Brazil's worst environmental disaster. BHP, the world's biggest miner by market value, denies liability and earlier this month applied to join Vale to the case. BHP has applied to the Supreme Court to overturn that decision and its application is pending. He argued BHP was trying to "forever put off the question of substantive liability for another few years – that would no doubt be very convenient." Charles Gibson, representing BHP, said in court documents that the list of current claimants was "chaotic" and there was "continuing uncertainty" around whether thousands of individuals wanted to continue their cases.

☆ Here are Friday's biggest analyst calls: Apple, Tesla, McDonald's, Netflix, Carvana, Microsoft & more
▼ + stars: | 2022-12-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Cowen names Costco a top 2023 pick Cowen said Costco is well positioned in a deteriorating macro environment. " Cowen names Caterpillar a top 2023 pick Cowen said the company is well positioned heading into 2023. Cowen names Netflix a top 2023 pick Cowen said it sees free-cash flow ramping up for Netflix in 2023. Morgan Stanley reiterates Apple as overweight Morgan Stanley said investors should take advantage of any weakness and buy the dip in shares of Apple . Morgan Stanley reiterates Lululemon as overweight Morgan Stanley said the company's fundamentals remain strong after its earnings report on Thursday. "

☆ Stocks making the biggest moves midday: Netflix, Lululemon, DocuSign and more
▼ + stars: | 2022-12-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday:Lululemon — Shares of Lululemon fell 12% after the athletic apparel company gave a weaker-than-expected fourth-quarter outlook. Broadcom — Broadcom gained 3.1% after giving an upbeat revenue forecast and reporting better-than-expected quarterly results after the bell Thursday. Netflix — Netflix gained 5% after being named a "best idea" for 2023 by Cowen and being upgraded by Wells Fargo to overweight from equal weight. DocuSign — Shares of DocuSign jumped 16% after the electronic signature company posted upbeat quarterly results. Bath & Body Works — Shares of Bath & Body Works gained rose 2.1% after activist investor Dan Loeb boosted his stake in the retailer.

☆ Morgan Stanley upgrades Vale, says China reopening and iron ore price jump could help mining stock
▼ + stars: | 2022-12-09 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Vale has a "cocktail of positive catalysts" that will boost the stock in 2023 and beyond, according to Morgan Stanley. The Brazil-based mining company is mainly focused on iron ore and nickel. The stock will be helped by rising prices for iron ore, which Morgan Stanley is bullish on during the first half of 2023. Iron ore trades at about $109 per ton, which is up from $80 in early November, but could rise to $140 in the second quarter of 2023 as Chinese steel output improves while iron ore supply seasonally falls. Reopening measures in China should also help the stock as it's tied directly to iron ore production abilities.

☆ Miner Vale looks to close deal with partner for base metals in H1
▼ + stars: | 2022-12-07 | by ( Marcelo Teixeira | ) www.reuters.com time to read: +2 min

FILE PHOTO: Brazilian mining company Vale SA logo and trading symbol are displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., December 6, 2017. REUTERS/Brendan McDermid//File PhotoNEW YORK (Reuters) - Brazilian mining company Vale is in advanced talks with possible partners for its new base metals investment vehicle and looks to have a deal concluded during the first half of 2023, Chief Executive Gustavo Pimenta said on Wednesday. Pimenta said the key quality Vale is looking when deciding for the partner is expertise. “We will change the way we manage base metals. Demand for metals like nickel and lithium is seen growing sharply in coming years due to expected production growth of electric vehicles (EV).

☆ Another OPEC? Indonesia wants to create a cartel for battery metals
▼ + stars: | 2022-12-05 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

The nickel market is also structured very differently than the market for crude oil, with private firms rather than national companies running the show. The country now accounts for more than 38% of global refined nickel supply, according to data from market intelligence firm CRU Group. People who track the nickel market are skeptical such an arrangement is workable. But other countries that have direct access to battery metals and other important minerals also want a say. “The metals market and its importance to the energy transition is something we’re all waking up to and adapting to how it’s going to work in practice,” Bronze said.

☆ UK property demand slides 44% after market-rocking mini-budget, study shows
▼ + stars: | 2022-11-28 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

In the wake of the budget, a record number of mortgage deals were pulled and many lenders paused offerings as they assessed the volatility. Buyer demand fell 44% year-on-year in the four weeks to Nov. 20, according to property website Zoopla, while new property sales declined 28%. Although a fall in house prices is widely predicted, the company's predictions are less bearish than others. It puts U.K. house price growth at 7.8% year-on-year. We do not see any evidence of forced sales or the need for a large, double digit reset in U.K. house prices in 2023," its report said.

☆ Brazil's Lula won't have interventionist stance on Petrobras, aide says
▼ + stars: | 2022-11-24 | by ( Ricardo Brito | Tom Polansek | ) www.reuters.com time to read: +3 min

[1/2] A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File PhotoBRASILIA, Nov 24 (Reuters) - Brazil's incoming leftist government will not have an interventionist stance on state-run oil giant Petrobras (PETR4.SA), a member of the transition team for President-elect Luiz Inacio Lula da Silva said on Thursday. Market participants have been showing concern over how the Lula administration might run Petrobras. He also noted that the incoming administration, and not Petrobras itself, would set a new fuel pricing policy for the country. Shares of Petrobras, which slipped by roughly a quarter since mid-October, were up more than 4% on Thursday, outperforming Brazil's Bovespa stock index (.BVSP), which rose 2.5%.

HONG KONG, Nov 23 (Reuters Breakingviews) - A Hong Kong stock market debut puts Jakarta at the centre of China’s electric-car boom. Lygend Resources & Technology (2245.HK), a Chinese nickel trader, is looking to raise up to $594 million in an initial public offering to expand in Indonesia. Lygend both trades and produces nickel products, essential for stainless steel and batteries. Around a fifth of the world’s nickel resources are located in the country, which accounted for nearly 40% of ore unearthed last year, according to the company’s prospectus. Hong Kong CATL is the largest cornerstone investor, according to the prospectus.

☆ Coffee prices are crashing. What it means for your cup of joe
▼ + stars: | 2022-11-16 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN Business —Coffee futures are crashing. “When the dollar goes up, everything measured in dollars, like international coffee prices, tend to go down,” Mera said. In the year through October, not adjusted for seasonal swings, coffee prices jumped 14.8% in the grocery store, according to data from the Bureau of Labor Statistics. But the improved conditions won’t necessarily mean a big decline in coffee prices for consumers, Mera noted. That’s because while coffee prices are falling, other costs, like labor and distribution, are still high for producers.

☆ Brazil's Cosan swings to loss on higher debt costs
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +2 min

The conglomerate, which controls companies in sectors ranging from sugarcane to logistics, lost 202 million reais ($37.70 million) in the July to September period, compared with a 3.26 billion reais profit during the same months last year. During the quarter, Cosan reported cost of debt of 679.3 million reais, a more than 90% spike year-on-year, as Brazil's interest rate peaked at 13.75%, in addition to the issuance of roughly 8 billion reais in commercial notes. Weak figures from Raizen, a joint venture with Shell (SHEL.L) that produces ethanol and sugar, also dented Cosan's bottom line, reflecting consistent price declines for its products. The figure slightly exceeded analyst estimations polled by Refinitiv of 4.08 billion reais. ($1 = 5.3579 reais)Reporting by Peter Frontini; Editing by David Alire GarciaOur Standards: The Thomson Reuters Trust Principles.

☆ CNBC Stock World Cup: Exxon vs Aramco and Vale vs BHP — who wins?
▼ + stars: | 2022-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Stock World Cup: Exxon vs Aramco and Vale vs BHP — who wins? Ahead of the World Cup, Paul Sankey of Sankey Research talks to CNBC about whether Exxon or Aramco will give investors a greater total return over the next 12 months. And Kevin Simpson of Capital Wealth Planning gives his take on who's the winner: Vale or BHP?

☆ Dollar, bond yields rise ahead of pivotal rate hikes
▼ + stars: | 2022-10-31 | by ( Marc Jones | ) www.reuters.com time to read: +6 min

Combined with news that Italy's economy grew far more strongly than expected in the third quarter, euro zone bond yields moved higher EUR/GVD although the euro succumbed to another bout of U.S. dollar strength. /FRX"A lot of data is coming out this week and lot of central banks are meeting," said Societe Generale strategist Kit Juckes. Palm oil futures rose nearly 5%. In the oil markets, Brent crude futures fell 1% to $94.65 a barrel, while spot gold was fractionally lower at $1,637 an ounce in the precious metals markets. Additional reporting by Tom Westbrook in Singapore; Editing by Kirsten Donovan and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

☆ Futures fall as investor hopes for a less hawkish Fed wobble
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +2 min

The S&P 500 (.SPX) and the Nasdaq (.IXIC) had notched two straight weekly gains on Friday, supported by better-than-expected earnings from companies outside the technology sector as well as hopes for a less hawkish Fed in the future. Still, both indexes are set to record gains in October after two straight months of declines. Traders are nearly equally split in their expectations of the Fed delivering a smaller interest rate hike at its next policy meeting, with odds of a 50 basis point rate hike in December standing at 47.9%, according to CME Group's Fedwatch tool. ET, Dow e-minis were down 146 points, or 0.44%, S&P 500 e-minis were down 20.5 points, or 0.52%, and Nasdaq 100 e-minis were down 80.25 points, or 0.69%. Reporting by Amruta Khandekar in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Ford, Hyundai discussing EV investments with Indonesia - Indonesian minister
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +1 min

Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang RattayDETROIT, Oct 24 (Reuters) - Indonesia is in discussions with Ford Motor Co(F.N) and Hyundai Motor Co(005380.KS) to establish operations related to electric vehicles in the Southeast Asian country, Indonesia Coordinating Minister for Economic Affairs, Airlangga Hartarto, told an audience in Washington, D.C. on Thursday. Ford, nickel miner Vale Indonesia and China's Zhejiang Huayou Cobalt said in July they had signed a non-binding memorandum of cooperation to build a plant in Indonesia to extract nickel chemicals. Hartarto said Indonesia also is in discussions with Hyundai and South Korean battery maker LG Energy Solution over battery and EV investments. "We have raw materials for EV battery technologies," Hartarto told an audience at the Center for Strategic and International Studies.

☆ Stocks could continue to break higher as Apple, big tech report earnings in week ahead
▼ + stars: | 2022-10-21 | by ( Patti Domm | In | ) www.cnbc.com time to read: +9 min

The three major averages closed higher Friday, with the S & P 500 adding 2.37% to close at 3,752.75. Stovall said the S & P 500 had six positive moves of 1% or more in the last 17 trading days, as of Friday. Earnings, earnings, earnings About 150 S & P 500 companies report earnings in the coming week. Technically speaking Scott Redler, partner with T3Live.com, said he is watching a formation in the S & P 500 that could be positive. His first target for the S & P 500 is 3,800.

☆ Vale CEO says iron ore miner will spin-off copper, nickel unit
▼ + stars: | 2022-10-21 | by ( Macdonald Dzirutwe | ) www.reuters.com time to read: +1 min

LONDON, Oct 21 (Reuters) - The chief executive of Vale SA (VALE3.SA) said on Friday the Brazilian iron ore miner is reconsidering a near-term spin-off of its base metals business and an eventual public listing. The Brazilian miner had a longstanding plan to sell the unit that was still being considered as recently as 2021. But rather than selling all or part of it, the company is now looking to separate and ring-fence the copper and nickel unit from the iron ore business as the two have different growth prospects, Eduardo Bartolomeo said at the FT Mining Summit. There is "huge growth" in base metals, whereas iron ore is a mature business, he added. Vale, once the world's top producer of the steel ingredient, said in September that global demand for nickel should increase 44% by 2030 to 6.2 million tonnes.

☆ Vale's third-quarter iron ore output edges up
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Oct 17 (Reuters) - Brazil's Vale SA (VALE3.SA), one of the world's largest miners, on Monday reported a third-quarter iron ore production up slightly from the previous year, while its smaller nickel output soared as refineries resumed operations. Vale's output of iron ore, its main product, reached 89.7 million tonnes for the third quarter, up 1.1% from the previous year. Meanwhile, nickel production for the period leapt 71.5% to 51,800 tonnes, as refineries resumed after a maintenance period, Vale said. Nickel sales, however, grew just 6%, which Vale attributed to low container availability and sales commitments during maintenance stoppages in the last three months of this year. Register now for FREE unlimited access to Reuters.com RegisterReporting by Peter Frontini; Editing by Chris Reese and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ The 10 most prestigious preschools in London and how to get in, according 2 early-education consultants
▼ + stars: | 2022-09-29 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +18 min

Finding the right early-education setting for your child in London may feel like a minefield to new parents. Nurseries aren't just evaluating children in the application process but also assessing the parents during the decision-making process, Baron said. The school emphasizes on its website that children who attend are accepted into the top selective preschools in London. "There's nothing to say they can't be moved onto more of a prep school," Smith said. The admission process: Children can start at Ducks as early as 6 months of age, but most start at 2.

Search resuls for: "Vale"

25 mentions found