Codelco’s chief financial officer is moving to a new job with responsibility for lithium and not leaving the Chilean state mining giant, according to the company’s chairman.
The impact will be felt in everything from shoppers’ pockets to company balance sheets
Azerbaijan may not be able to deliver on ambitions to double natural gas exports to Europe by 2027, having failed to secure long-term sales deals it needs before investing billions of dollars to boost production, according to two people with knowledge of the matter.
BMW AG has received a request for information from the European Union about its iX3 sport utility vehicle, which it exports from Chinese production facilities, as part of the bloc’s probe into Beijing’s subsidies for electric-vehicle makers.
Chanel increased prices of its high-end products in China in September, amid a slowdown in demand for luxury goods worldwide after the post-pandemic boom years.
Egypt’s dollar bonds slumped after Moody’s Investors Service downgraded the country’s ratings to one of the lowest rungs of speculative grade and the International Monetary Fund’s chief urged another devaluation.
Norway’s government will cut spending from its $1.4 trillion sovereign wealth fund next year as it seeks to reduce price pressures in the Nordic economy.
Indian bonds fell the most in over a year after the central bank upped the ante against inflation by saying it may consider selling bonds to soak up excess funds from the banking system.
Workers at Mexico’s biggest gold mine accepted operator Newmont Corp.’s proposal to end a four-month stoppage late Thursday.
Diageo Plc’s Nigerian arm will stop importing some spirits such as Johnnie Walker whiskey next year to help reduce its foreign-exchange needs and the impact of a volatile currency on its business.
