Top Miner Vale Is Looking for Copper in Peru as Demand for EV Metals Surges
Vale SA has been looking for copper deposits in Peru as demand for the battery metal is set to surge in the world’s epic shift to clean energy.
Bloomberg Business
Barclays Has Questions to Answer on Staley, Proxy Firm Says
Barclays Plc shareholders could use the firm’s annual meeting to press directors about their support for former boss Jes Staley, according to a report by proxy firm Institutional Shareholder Services.
Estonia Indicts 6 Former Danske Workers in Dirty Money Case
Estonia’s prosecutors indicted six former employees of Danske Bank A/S’s local branch for taking part in one of Europe’s biggest money laundering scams.
Thatcher Adviser Says BOE Is ‘Hopelessly’ Wrong on Inflation
Margaret Thatcher’s adviser on money supply said the Bank of England is making an error in identifying the war in Ukraine as one of the main drivers of inflation and that the UK is headed for a recession as a result.
Chile Moves Ahead With Public-Private Lithium Model Via Codelco
Chilean state-owned copper companies Codelco and Enami are holding talks with private-sector firms to develop lithium deposits in a country that holds the world’s biggest reserves of the battery metal.
Tightest Supply in 18 Years Boosts Copper Ahead of Industry Show
The copper industry isn’t letting tightening credit and slowing growth kill the buzz heading into one of its biggest annual gatherings.
Lagarde Says Fragmenting World Economy Is Risk for Central Banks
Christine Lagarde warned that changes in the world economy induced by geopolitics pose a challenge to the European Central Bank and its peers.
Hedge Funds Go All In on Dollar, First Time in Over a Year
Hedge funds are betting the greenback’s longest stretch of weekly declines in almost three years is about to reverse after investors ramped up pricing for Federal Reserve interest-rate cuts to extreme levels.
Bank of England Official Says Stablecoin Use May Need Limits
Bank of England Deputy Governor Jon Cunliffe said regulators may need to impose a limit on using so-called stablecoins for payments as policy makers try to balance the need for innovation with its accompanying concerns.
Elon Musk’s Twitter Payment Plan Puts NYC Subway Alerts at Risk
Service alerts on Twitter for New York City transit riders could end if the Metropolitan Transportation Authority doesn’t shell out half a million dollars a year to the platform owned by Elon Musk.
