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HK protests set for 21st weekend amid unrest

Bloomberg Hong Kong pro-democracy activists are preparing to demonstrate for the 21st straight weekend as unrest spreads around the globe, from South America to Europe to the Middle East. Protesters in the financial hub will look to keep up momentum in the months-long fight with officials in Beijing for greater democracy. Reports surfaced that China’s leaders were mulling a plan ...

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Brazil’s Samarco to restart iron-ore mining next year

Bloomberg A key environmental council approved a permit, clearing the way for Samarco Mineracao SA to resume operations at its iron-ore mine in second half of 2020. Ten of the 12 members of Minas Gerais state environmental council, known as Copam, voted in favor of an operational corrective license for the mine. Executives at Vale SA, which has a 50% ...

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Nordea targets wholesale unit for deep, sweeping cuts

Bloomberg Nordea Bank Abp is planning to allocate a lot less capital to its wholesale unit after acknowledging its performance has been “unsatisfactory.” The cuts will form a key plank in a strategy shift conceived by the bank’s new chief executive, Frank Vang-Jensen. After less than two months on the job, he’s made clear he wants to squeeze much deeper ...

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