Famed Cullinan mine banks on big diamonds to drive down debt
CULLINAN, South Africa (Reuters) – The owner of one of the world’s most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign…
Caterpillar stock slides on profit miss, China sales forecast
(Reuters) – Caterpillar Inc on Monday missed quarterly earnings estimates, hurt by soft Chinese demand, higher manufacturing and freight costs, sending shares of the heavy machinery maker tumbling as much…
U.S. consumer morale at two-year low; factory output surges
WASHINGTON (Reuters) – U.S. consumer sentiment tumbled in early January to its lowest level since President Donald Trump’s was elected more than two years ago as an ongoing partial shutdown…
Newmont takes top gold producer spot with $10 billion Goldcorp buy
(Reuters) – Newmont Mining Corp said on Monday it would buy smaller rival Goldcorp Inc for $10 billion, creating the world’s biggest gold producer in the face of dwindling easy-to-find…
Canada’s Barrick Gold to buy Randgold Resources in $18.3 billion deal
LONDON (Reuters) – Randgold Resources Ltd (RRS.L) said on Monday it agreed to the terms of a recommended share-for-share merger with Canada’s Barrick Gold Corp (ABX.TO) in a deal worth…
China seeks WTO backing for $7 billion sanctions on U.S. over dumping duties
GENEVA (Reuters) – China told the World Trade Organization (WTO) on Tuesday it wanted to impose $7 billion a year in sanctions on the United States in retaliation for Washington’s…
Steinhoff’s former CEO says not aware of accounting irregularities at company
CAPE TOWN (Reuters) – Steinhoff’s former chief executive, Markus Jooste, told a parliamentary inquiry investigating an accounting scandal at the retailer that he was not aware of any accounting irregularities…
Trump says Mexico trade deal near; NAFTA hurdles seen easing
WASHINGTON (Reuters) – President Donald Trump said on Saturday that the United States could reach a “big Trade Agreement” with Mexico soon as the incoming Mexican trade negotiator signaled possible…
Glencore gets U.S. subpoena on compliance with money-laundering laws
LONDON (Reuters) – U.S. authorities have demanded the U.S. arm of Glencore Plc (GLEN.L) hand over documents relating to its business in Nigeria, the Democratic Republic of Congo and Venezuela,…
Missouri appeals court tosses $55 million J&J talc-powder verdict
(Reuters) – A Missouri appeals court on Friday threw out a $55 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer…