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Canada gas price plunges as wildfires shut oil-sands output

  Bloomberg A bad start to the year for Canadian natural gas producers is getting worse after wildfires in northern Alberta knocked out oil-sands operations that represent a key source of demand. Spot gas prices in Western Canada have been cut by more than half after oil-sands developers curtailed about 40 percent of their supply, reducing the amount of gas ...

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Vale looks at selling $10bn of its core assets, CEO says

  Bloomberg Vale SA, the world’s biggest iron-ore producer, will consider the sale of $10 billion of its best assets by the end of next year as it seeks to reduce its debt load amid sluggish demand. The Rio de Janeiro-based company also will try to raise $4 billion to $5 billion this year by selling such “non-core” businesses as ...

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Real advances as impeachment drive overcomes intervention

  Bloomberg Brazil’s real rose as the Senate gears up for a vote that would force President Dilma Rousseff out and into an impeachment trial she appears unlikely to survive, even as the central bank intervened to weaken the currency. The real strengthened 0.4% to 3.4639 per dollar in Sao Paulo as the monetary authority announced it would offer 20,000 ...

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