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Vale misled public on dangerous dams, prompting Brazil probe: source

10 hours ago DieselGasoil Comments Off on Vale misled public on dangerous dams, prompting Brazil probe: source
RIO DE JANEIRO/BRASILIA/SAO PAULO (Reuters) – Faced with public outrage after its second mining dam collapse in four years killed at least 240 people in Brazil, Vale SA misrepresented what it had done to shut down its riskiest dams, a review of the company’s statements shows. The logo of the Brucutu mine owned by Brazilian Read More

JP Morgan traders accused of manipulating price of gold, silver for a DECADE, as DoJ tries to look tough on Wall Street

1 day ago DieselGasoil Comments Off on JP Morgan traders accused of manipulating price of gold, silver for a DECADE, as DoJ tries to look tough on Wall Street
Precious metals traders at JP Morgan made millions through fraudulent trades, operating a sprawling criminal conspiracy to manipulate prices, according to the US Justice Department, which appears to be signaling a crackdown. Current and former JP Morgan precious metals traders Gregg Smith, Michael Nowak, and Christopher Jordan engaged in “a massive, multiyear scheme to manipulate Read More

The challengers to China’s rare earth monopoly

6 days ago DieselGasoil Comments Off on The challengers to China’s rare earth monopoly
Rare earth metals have been a weakness for the US in the ongoing trade war, but new exploration efforts in the US and Australia could change the situation completely. Dominance is not a word that the Pentagon and the White House like to hear when it’s not preceded by “US.” Right now, amid a trade Read More

Global mining panel looks to boost accountability after Brazil disaster

6 days ago DieselGasoil Comments Off on Global mining panel looks to boost accountability after Brazil disaster
BELO HORIZONTE, Brazil (Reuters) – New safety standards being drawn up by a global mining industry panel will include rules to better define management accountability after Vale SA’s (VALE3.SA) January tailings dam disaster, a top industry official said on Wednesday. FILE PHOTO: A view of a collapsed tailings dam owned by Brazilian mining company Vale Read More

Brazil mining standards, post-Vale disaster, aim to boost accountability

6 days ago DieselGasoil Comments Off on Brazil mining standards, post-Vale disaster, aim to boost accountability
BELO HORIZONTE, Brazil (Reuters) – A mining industry panel in Brazil, tasked with drawing up new safety standards after Vale SA’s (VALE3.SA) January tailings dam disaster, will include rules to better define management accountability, an industry group head said on Wednesday. FILE PHOTO: A view of a collapsed tailings dam owned by Brazilian mining company Read More

Hong Kong Exchange makes surprise $39 billion offer for Britain’s LSE

7 days ago DieselGasoil Comments Off on Hong Kong Exchange makes surprise $39 billion offer for Britain’s LSE
LONDON (Reuters) – Hong Kong Exchanges and Clearing (0388.HK) made a surprise $39 billion takeover approach for the London Stock Exchange (LSE.L) on Wednesday, aiming to sabotage the LSE’s acquisition of data company Refinitiv and create a global trading powerhouse. The unsolicited approach, a proposal contingent on the LSE ditching its $27 billion Refinitiv deal, Read More

Hong Kong Exchanges bids $39 billion to take over London Stock Exchange

7 days ago DieselGasoil Comments Off on Hong Kong Exchanges bids $39 billion to take over London Stock Exchange
LONDON (Reuters) – Hong Kong Exchanges and Clearing has made an unsolicited $39 billion takeover bid for the London Stock Exchange (LSE.L), an offer contingent on the LSE ditching its acquisition of data company Refinitiv. FILE PHOTO: The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong, China Read More

U.S. manufacturing contracts as trade war with China bites

2 weeks ago DieselGasoil Comments Off on U.S. manufacturing contracts as trade war with China bites
WASHINGTON (Reuters) – U.S. manufacturing activity contracted for the first time in three years in August, with new orders and hiring declining sharply as trade tensions weighed on business confidence, raising financial market fears of a recession. Concerns about the economy, which is in its longest expansion ever, were also exacerbated by other data on Read More

US could use imperial Chinese debt to ‘simply default’ on Beijing’s $1 trillion of US bond holdings

2 weeks ago DieselGasoil Comments Off on US could use imperial Chinese debt to ‘simply default’ on Beijing’s $1 trillion of US bond holdings
Washington is exploring new ways to target Beijing as it runs out of goods to tax in the ongoing trade war, and century-old Chinese bonds could become a weapon, analysts have told RT. On Sunday, the latest tit-for-tat tariffs came into force. The US slapped a wide range of Chinese goods with 15 percent tariffs, Read More

Gold bull market upon us & US dollar may be replaced by crypto as reserve currency – Keiser report

3 weeks ago DieselGasoil Comments Off on Gold bull market upon us & US dollar may be replaced by crypto as reserve currency – Keiser report
With US President Donald Trump escalating his trade war on China, the US dollar has become increasingly unstable, while gold is climbing to all time highs in some 70 currencies – an expert tells RT that is no coincidence. “2019 is looking a lot like 2010 with the Fed not raising rates but cutting rates Read More