Canadian company Sherritt International Corp announced Tuesday that it plans to stop operations at its nickel and cobalt mine in Cuba due to fuel shortages on the Caribbean island. Toronto-based Sherritt said in a statement which has reduced the operations of its joint venture in Moa, Cuba, and plans to suspend all mining operations in ...
Iran and the United States reached an understanding on Tuesday on the main “guiding principles” in talks aimed at resolving their long-running nuclear disputebut that does not mean a deal is imminent, said Iranian Foreign Minister Abbas Araqchi. Oil futures fell and the benchmark Brent crude contract plunged more than 1% after Araqchi’s comments, which ...
Twelve people died in the worst terrorist attack in Australia, when gunmen opened fire on Jews who had gathered to celebrate the first day of Hanukkah on Sydney’s iconic Bondi Beach on Sunday night. The shooting was a “targeted attack” against the Jewish community, Australian Prime Minister Anthony Albanese declared at an evening news conference. ...
Millions of people living on the sprawling peripheries of Australia’s major cities face increasing risk of urban bushfires similar to the deadly fires in Los Angeles last year. Suburbs on the outskirts of the centres, including Sydney, Melbourne and Perth, are now home to at least 6.9 million people and, like affected regions in Los ...
One person died in bushfires in the Australian state of Victoria which burned an area slightly larger than Rhode Island. A body was found about 100 meters from a vehicle near the town of Gobur, affected by the fire, about 100 kilometers (62 miles) northeast of the capital, Melbourne, Victoria Police said Sunday. The person ...
Macquarie Capital completed significant risk transfer linked to high-yield corporate loansin a rare example of a non-bank lender making a foray into the market. Alvarez & Marsal was an advisor on the transaction, according to people familiar with the matter. The SRT is tied to about $1 billion in loans, one of the people said. ...
Australian unemployment unexpectedly fell in December as the economy added more jobs than expected, reinforcing the Reserve Bank’s view that the labor market remains tight ahead of the February policy decision The unemployment rate fell from 4.3% to 4.1%, beating economists’ forecast of 4.3%, according to Australian Bureau of Statistics data released Thursday. Employment increased ...
Australia plans to sell more than 60 buildings and other properties across the country to help fund ongoing major expansion of defense capabilities; the government estimates the sales could generate 3 billion Australian dollars, US$2.1 billion. The properties include a golf course and historic barracks in major cities across the country, which a Defense Department ...
Australia’s trade surplus narrowed to the lowest level since 2018, highlighting how rising exports and Weak imports from China are transforming goods flows and potentially dragging down major trading partners. The value of Australian shipments of iron ore, coal and other goods to China fell 2% last year, for the second year in a row, ...
Australia has imposed a 10% tariff on steel roofing frames from Chinaafter an investigation carried out by the country’s Antidumping Commission. The agency evaluated complaints from domestic producers about dumping by Chinese companies and found evidence confirming the practice. Industry and Innovation Minister Tim Ayres imposed the tariff, warning against unfair trading practices. “Australia’s prosperity ...
