Codelco Hires Hartree’s Head of Chile for Refined Copper Role
Chile’s state-owned copper mining giant Codelco has hired Francisco Zuniga to head up refined sales, according to people familiar with the matter.
Bloomberg Business
Teck’s Biggest Shareholder Favors Glencore’s Coal Plan
Teck Resources Ltd.’s biggest shareholder, China Investment Corp., currently favors Glencore Plc’s takeover plan that would allow investors to exit their coal exposure in return for cash, as the two miners race to win support for their competing proposals.
Africa Outlier Angola Eyes More Rate Cuts as Inflation Slows
Angola’s central bank is prepared to cut interest rates further this year as inflation cools in the oil-producing African nation.
BlackRock Assets Exceed $9 Trillion in Wake of Bank Failures
BlackRock Inc.’s assets swelled to $9.09 trillion in the first quarter as depositors sought cover following the collapse of several US banks by pouring money into the firm’s cash-management funds.
Drugmaker Danco Asks Supreme Court to Keep Abortion Pill Fully Available
Danco Laboratories LLC asked the US Supreme Court to keep a widely used abortion pill fully available and pause court-ordered restrictions that are set to take effect Friday.
JPMorgan Surges Most in Almost 11 Months on Higher NII Outlook
JPMorgan Chase & Co. surged the most in almost 11 months after boosting its guidance for net interest income and reporting an unexpected increase in deposits.
US Factory Production Declines on Weaker Equipment Demand
Production at US factories fell in March for the first time this year as companies show signs of ratcheting back investment plans.
Soaring Chip Stock Valuations Are Defying Industry Gloom
Chip stocks are rallying like it’s 2021. Only it isn’t. And now some investors are getting cold feet.
Crypto Miner Bitdeer Makes Delayed SPAC Debut in Changed Market
Crypto miner Bitdeer Technologies Holding Co. started trading on the Nasdaq Friday after a long-delayed SPAC deal finally closed, allowing shares of the Singapore-based company to be traded in the US.
Tesla Goes After America’s Top-Selling SUVs
Elon Musk’s price war means the Model Y can now be purchased for less than the average new vehicle in the US.