Vale SA is plowing ahead with a $2.7 billion investment to expand iron output in Brazil’s Amazon, betting demand for high-grade ore will stay strong in an overall softer market.
Deere & Co. raised its full-year profit forecast amid strong demand for farm equipment and the easing of supply chain woes that have dogged companies since the pandemic.
This year’s searing Big Tech rally is showing signs of overheating, with at least one technical measure suggesting a pullback might be right around the corner.
Federal Reserve Governor Michelle Bowman repeated her call for a third-party probe into the failure of Silicon Valley Bank and pushed back against calls for increased regulation on smaller lenders in response to the recent banking strains.
Anantara The Palm Dubai, a luxurious resort on one of the city’s famous artificial tree-shaped islands, is close to being sold for 1.1 billion dirhams ($280 million), according to people familiar with the matter.
(Bloomberg) — One of Ecuador’s most prominent presidential hopefuls pledged to renegotiate contracts with foreign oil and mining companies and to take a tough line on the drug cartels behind a surge in violence.
Ford Motor Co. surprised Wall Street earlier this month with a strong first quarter, but Chief Executive Officer Jim Farley still faced a tough crowd by sticking with a goal for the company’s money-losing electric vehicle unit to be churning out 2 million models annually in a few years.
Forecasters see the US economy continuing to cool in the current quarter before a further slowdown in consumer spending and pullback in business investment cause the economy to shrink in the second half of the year.
The biggest oil producer in the United Arab Emirates is exploring the idea of selling a new, heavier crude grade as the company revamps the way it trades barrels in an effort to maximize profit.
Federal Reserve Bank of New York President John Williams said there is no evidence that the Covid-19 pandemic has ended the era of very low interest rates experienced before the crisis, although growth may be slower in the long run.
