The S&P 500 hit a record high on Monday after President Joe Biden picked Federal Reserve Chair Jerome Powell to lead the central bank for a second term, with Wall Street lenders rallying on the prospect of interest rate hikes in 2022.
Swedish activist fund Cevian has nearly halved its stake in Thyssenkrupp , it said on Tuesday, paring back its holding at a loss after a far-reaching overhaul it had long demanded arrived too late.
Mexico announced the temporary reinstatement of 15% import tariffs on some types of steel to begin in the next year, aimed at boosting the industry after a slump brought on by the coronavirus pandemic.
Brazilian miner Vale has restarted the process of acquiring environmental licenses for its Apolo iron ore project in the state of Minas Gerais following a major revision of the original plan, the company said in a presentation on Tuesday.
Australian mining billionaire Andrew Forrest's philanthropic organisation will help 18 small news publishers in the country collectively negotiate with Google and Facebook to secure licensing deals for the supply of news content.