Bloomberg Rio Tinto Group and its largest shareholder Aluminum Corp. of China have terminated their joint venture established to find copper deposits, as global mining companies tighten exploration budgets. Chinalco Rio Tinto Exploration Co., a joint venture between Rio and Aluminum Corp., also known as Chinalco, was launched in 2011 to seek out deposits in China and had plans ...

  Bloomberg Prime Minister Narendra Modi has something to cheer about even as economists slash India’s growth forecasts. A clutch of studies and surveys published around the World Economic Forum show that perceptions about India’s outlook are improving, closing the gap with China. The results will be heartening for Modi, who’s under fire at home for his shock currency withdrawal ...

  Bloomberg President-elect Donald Trump’s pick to lead the US Food and Drug Administration should have a medical background, and the agency should continue evaluating new medications’ effectiveness, drugmaker executives said in comments indicating opposition to two candidates for the regulator’s top post. Trump’s FDA chief should be a doctor or physician-scientist with experience in clinical care and medical research, ...