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.
From replicating the process that fuels the sun to harnessing scorching temperatures deep below our feet, scientists, companies and venture capitalists are betting on high-tech ways to power the planet without emitting greenhouse gases.
Brazilian miner Vale SA reported on Thursday a third-quarter net profit of $3.9 billion, significantly below analysts' forecasts of $6.2 billion, due to lower iron ore prices and an impairment at its coal business.
The United States and the European Union on Sunday took steps to re-establish transatlantic trade flows in steel and aluminium, and address the challenges in the sector, they said in a joint statement.