March, 2017

• 28 March

  Barrick, Goldcorp team up as miners look to share risk

  

    Bloomberg Canada’s two biggest gold miners have formed a partnership to develop a gold-copper deposit in Chile as a third producer exits the project. Vancouver-based Goldcorp Inc. agreed to buy 25 percent of the Cerro Casale in Chile’s Maricunga mineral belt from the world’s largest gold producer, Barrick Gold Corp., reducing the latter’s stake to 50 percent. Under terms ...

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• 28 March

  Pipemaker Rocca touts imports in Trump’s America

    Bloomberg President Donald Trump’s “America First” approach to energy doesn’t scare Paolo Rocca. The billionaire steel tycoon who controls Tenaris SA, the world’s largest maker of seamless-steel pipes for the energy industry, expects the creation of American jobs at his $2.3 billion plant in Texas will allow his company to continue to import certain types of pipes into the ...

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• 28 March

  Dakota Access pipeline outlasts protests

  

    Bloomberg In the end, the pipeline won. Dakota Access, which became a rallying point for tens of thousands of anti-fossil fuel and Native American-rights protesters, is preparing for service, a court filing on Monday showed. Now that the last segment built underneath Lake Oahe has been filled with oil, it’s only a matter of time before the line delivers ...

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• 28 March

  Dow-DuPont shows innovation is EU’s M&A battleground

  

    Bloomberg Dow Chemical Co. and DuPont Co.’s success at converting smart ideas in the laboratory into products used by farmers across the world was nearly their undoing when European Union regulators started poking around their proposed $77 billion merger. The bloc has been pushing to encourage investment in research and development as part of its political agenda, and EU ...

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• 28 March

  Swedish miner says Trump doesn’t hold key to metal prices

    Bloomberg The operator of some of Europe’s largest copper and zinc mines expects President Donald Trump’s plans to spend on US infrastructure to have much less impact on base-metal prices than the needs of burgeoning middle-class populations in emerging markets. That’s because projects in the US and other developed countries simply won’t use enough zinc or copper to have ...

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• 28 March

  Home prices go up in 20 US cities

    Bloomberg Home prices in 20 US cities climbed in the 12 months through January at the fastest pace since July 2014, while nationwide the increase in property values also accelerated, according to S&P CoreLogic Case-Shiller data reported on Tuesday. 20-city property values index rose 5.7 percent from January 2016 (forecast was 5.6 percent) after increasing 5.5 percent in the ...

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• 28 March

  Modi’s power grab in unleashing ‘tax terror’

  

    Relatively quietly, India’s government has just undertaken an unprecedented power grab—one that should worry not just citizens and taxpayers but also foreign investors. And it comes in the most unlikely of places: the annual Union budget. The presentation of the budget is a fairly splashy event; it’s announced by the finance minister in a speech to Parliament that usually ...

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• 28 March

  Grocery giant is about to write off its darkest chapter

  

    Tesco Plc is close to settling with prosecutors over its 2014 profit overstatement. The retailer could within weeks strike a deal with Britain’s Serious Fraud Office, according to Sky News, including a fine of more than 100 million pounds ($126 million). That’s not insignificant. Tesco’s operating profit is expected to be about 1.2 billion pounds in this financial year, ...

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• 28 March

  China’s great firewall is yet another trade barrier

  

    The San Francisco-based photo-sharing site Pinterest would seem to rank low on the list of potential threats to China. Beloved by fashion designers, photographers, cooks and hobbyists, the seven-year-old website is a global hub for the sharing of images, trends and ideas on topics ranging from living-room design to what to cook at your Saturday barbecue. Unfortunately, Pinterest Inc.’s ...

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• 28 March

  Lufthansa warns Brexit to hit UK airlines as EU gets tough

  

    Bloomberg Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr expects France and Germany to take a hard line against the UK aviation industry in Brexit negotiations, threatening to disrupt flight connections across Europe. “Brexit means Brexit – our industry won’t be exempt,” said Spohr, who has accompanied Chancellor Angela Merkel on state visits and discussed the matter with German, ...

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