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Anger mounts at Vale in Brazil town at risk for new dam burst

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BARAO DE COCAIS, Brazil (Reuters) – It was bad enough for Paulo de Morais when he was expelled in early February from the house where he lived for 22 years, in the shadow of a mining dam at risk of collapse. Flavio Godinho, the Civil Defense Agency Lieutenant, reacts as he talks with journalists in Read More

Deutsche Bank CEO pledges tough investment bank cuts as shares hit low

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FRANKFURT (Reuters) – Deutsche Bank’s chief executive promised shareholders “tough cutbacks” at its underperforming investment bank on Thursday as he battled to convince them he can turn around Germany’s biggest lender, whose shares hit a record low. Ranked as one of the most important banks in the global financial system, the bank has been plagued Read More

EU elections: Here’s what you need to know

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The 28 EU member states, comprising some 512 million people will take to the polls to elect a total of 751 MEPs between now and Sunday, but what’s at stake and what can we expect? Elections for the ninth European parliament come at a critical juncture for European politics, with rising geopolitical tensions worldwide thanks Read More

Deutsche Bank chairman signals cuts are in store as AGM starts

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FILE PHOTO: Deutsche Bank’s Supervisory Board Chairman Paul Achleitner gestures as he addresses the audience during the bank’s annual meeting in Frankfurt, Germany, May 24, 2018. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – Deutsche Bank Chairman Paul Achleitner on Thursday signaled cuts are in store at Germany’s largest lender and that the chief executive would soon Read More

Deutsche Bank CEO readies investment bank cuts as stock hits low

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FRANKFURT (Reuters) – Deutsche Bank’s chief executive is prepared to make “tough cutbacks” in its investment banking business, whose future is in doubt after several failed restructurings, in order to be profitable and competitive. CEO Christian Sewing delivers a speech during the annual shareholder meeting of Germany’s largest business bank, Deutsche Bank, in Frankfurt, Germany, Read More

Exclusive: Chile’s Codelco set for copper output hit as key mine goes underground

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SANTIAGO (Reuters) – Codelco’s giant Chuquicamata mine is set for a 40% drop in production over the next two years, an internal forecast seen by Reuters shows, pointing to the sharp challenge facing the world’s top copper miner as it scrambles to maintain output. FILE PHOTO: A dump truck carries copper ore out of Chuquicamata Read More

Austria crisis: Will the right-wing and the socialists take down Sebastian Kurz?

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A corruption scandal has Austrian Chancellor Sebastian Kurz’s grip on power slipping by the day. With a no-confidence motion likely, can Austria’s right and left wings team up to boot the 32-year-old leader from office? In a matter of days, Kurz has accepted the resignation of former coalition partner head Heinz-Christian Strache, and sacked Interior Read More

China approves 20.76 GW of subsidy-free solar, wind power projects

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FILE PHOTO: A man rides an electric scooter past a wind turbine in Shanghai, China August 11, 2017. REUTERS/Aly Song BEIJING (Reuters) – China approved its first batch of subsidy-free wind and solar projects with a combined capacity of 20.76 gigawatts (GW), the country’s top planning agency said on Wednesday. That follows China’s vow in Read More

Rare earth firms’ stocks soar on U.S.-China trade war speculation

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SHANGHAI (Reuters) – Shares in rare earth-related companies soared on Tuesday, led by jumps in Chinese producers a day after Chinese President Xi Jinping visited a rare earth firm in southern China, sparking speculation the sector could be the next front in the Sino-U.S. trade war. A villager shovels cast-off tailings of crushed mineral ore Read More

Airbus prepares counter-punch to new Boeing mid-sized jet

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TOULOUSE, France (Reuters) – Airbus hinted on Tuesday at a price battle and imminent aircraft revamp to counter a possible new Boeing mid-sized jet, promising a “left hook, right hook” from two of its established models. FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019. REUTERS/Regis Read More