Monthly Archives: November 2015

Rio Tinto approves $1.9 billion bauxite mine

The investment is the largest the company has made for more than two years, a period when global miners cut back on spending due to the decline in commodity prices. Capital expenditures in the industry peaked in 2012 when companies … Continue reading

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Pfizer, Allergan Agree on Historic Merger Deal

Pfizer Inc. and Allergan PLC have agreed to merge in a deal worth more than $150 billion dollars that would create the world’s biggest drug maker. The deal was ratified on Monday by the respective boards. The final terms are … Continue reading

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Argentina Investors Await Macri Reforms

Market’s preferred candidate, center-right Mauricio Macri won the presidential election last Sunday. He promises to put an end to more than a decade of protectionism and state intervention with the new pro-investment policies. Christina Fernandes, previous president, leaves Mr. Marci … Continue reading

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Falling Corporate Profits Blur U.S. Growth Outlook

Profits at U.S companies during the third quarter posted their largest annual decline since the recession. Earning adjusted for inventory and depreciation – dropped to $2.1 trillion in the third quarter, down 1.1% from the second quarter. Compared with a … Continue reading

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BTG Pactual’s CEO Arrested

BTG Pactual’s Chief Executive André Esteves was arrested on Wednesday – which resulted in clients of the bank withdrawing 4.2 billion reais from some of the bank’s most liquid fixed income funds, as well as wiping out a fourth of … Continue reading

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Justice Department Probing Comcast’s Role in “Spot” Cable Ad Sales Market

The U.S. Justice Department is investigating whether Comcast Corp., the largest U.S. cable provider, violate federal antitrust law in the $5 billion local cable advertising market. The department’s antitrust division is probing Comcast’s control on its local and regional cable … Continue reading

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Iran’s Crude Projects and Mining Potential

Iran has the potential to generate more revenue from mining than it does from crude if its government puts more focus on developing its metals sector – exploration estimates put the 37 billion metric tons of minerals at a value … Continue reading

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