As the chronically ill know, to be alive is to be “in uncertainty.” But American culture—and American medicine within it—largely strives to downplay this fact.
Naruto Shippuden: Ultimate Ninja Storm 4 Road to Boruto llegó por fin a la consola Nintendo Switch pero ¿vale realmente la pena?The post " Naruto Shippuden: Ultimate Ninja Storm 4 Road To Boruto review para Nintendo Switch " appeared first on FayerWayer.
While some NHS trusts have suspended home births during the pandemic, others are actively encouraging them — and the take-up is impressive.View Entire Post ›
Two Top Picks for Contrarian Investors
The Zacks Industry Rank Highlights: Fortescue Metals and Vale
Could have done with this years ago to stave off rise of advert blockers but fine, OK, whatever, now it's coming Google is preparing to starve resource-hungry ads that drain mobile device batteries and consume network resources.…
Norway's $1 trillion wealth fund is excluding some of the world's biggest commodities firms from its portfolio for their use and production of coal, including Glencore and Anglo American. Underlining the growing role of climate considerations for long-term investors, the fund is also excluding German utility RWE, South African petrochemicals firm Sasol and Australian company AGL Energy over their use of coal. The fund, set up in 1996 to save Norway's oil revenues for future generations, now holds about 1.5% of globally listed shares and its decisions are often followed by other investors.
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Google plans to implement new limitations in its Chrome web browser after discovering certain ads overuse CPU and data resources, costing users device battery life and money.
Most Latam bourses followed Wall Street into the red after U.S. Federal Reserve Chairman Jerome Powell warned of a prolonged recession due to the pandemic. The dollar was flat, cutting losses after Powell dispelled speculation about negative interest rates. Brazil's real underperformed as new evidence in a probe revealed that President Jair Bolsonaro planned to change the federal police chief in Rio de Janeiro to protect his family from investigation.
* Mexican peso hits highest since mid-April * Colombian peso at 10-week high, Chilean peso hits 11-week high * Stocks rally on hopes of strong first half in 2021 * Negotiators with creditors may extend beyond May 22 - Argentina By Susan Mathew May 20 (Reuters) - A rally in commodity prices lifted Latin American stocks and currencies on Wednesday, with Mexico's peso hitting a five-week high, as markets looked to a strong post-pandemic recovery. In line with a rally on Wall Street, most regional bourses traded between 0.% and 1.7% higher, although Mexican stocks extended losses after posting their worst session in almost two months on Tuesday as new rules for the electricity sector increased tensions between the private sector and government.
Google’s planning to instate a resource cap on all Chrome advertisements after finding that a tiny contingent of resource-heavy ads is responsible for more than a quarter of all ad-related network data and CPU usage. On the user-end, these ads can “drain batt…
I wanted to try and capture what it’s like being in lockdown at home during this pandemic. My son is a ballet dancer and so is, of course, missing all his classes at the moment. He’s been practising at home with videos from his teachers. As I was watching him…
This year’s Memorial Day is mainly be marked by what it lacks—but it shouldn’t be devoid of entertainment. A long weekend with nothing interesting to do or any interesting people to see is the perfect time to dig into all the great podcasts you haven’t gotten…
(Bloomberg) -- Black Cube, the private intelligence agency run by former Israeli spies, spent months setting up companies around the world. Offices, websites and employees were painstakingly put in place -- all part of a sting targeting former executives at Brazilian mining giant Vale SA.The Black Cube operation, made public in a court filing Thursday and described by people familiar with it, represents the latest escalation in a bitter fight between Vale and mining billionaire Beny Steinmetz.What started in Guinea as a partnership in one of the world’s richest mineral deposits has devolved into a globe-spanning dispute that sheds light on how fortunes can be made and lost in the world of African mining.As surging Chinese demand for raw materials spurred a race for assets in Africa, Steinmetz acquired the rights to an iron-ore project known as Simandou in 2008. Vale bought a 51% stake about a year later. Then a new president in Guinea seized the asset back after a corruption probe -- and Vale is pursuing Steinmetz for compensation.While Steinmetz has always denied wrongdoing, he says in the filing that Vale suspected all along that his original acquisition of the assets could have been problematic. Vale has said in court documents it didn’t know.Steinmetz says the sting operation -- detailed in court filings that include a declaration from one of Black Cube’s founders and transcripts of conversations with former Vale executives -- showed the Brazilian company was suspicious before it signed the deal. That undermines Vale’s claim to compensation, he argues.A spokesman for Vale, which was awarded $2 billion in a London arbitration last year that it is still trying to collect, declined to comment.“This report just confirmed what we were saying from day one. Vale knew everything, there was no surprise for them. Now we have the full proof of that. I was happy to see that, because until now we were fighting and no one believed us,” Steinmetz said in an interview with Bloomberg News this week. For almost a decade, Steinmetz has faced legal challenges and probes over how he obtained the rights to the deposit in Guinea. The Guinean government withdrew charges of corruption against him after a seven-year dispute. He denies any wrongdoing.Last year the London Court of International Arbitration found that Steinmetz’s BSG Resources Ltd. made fraudulent representations to Vale when it sold the mine stake. Steinmetz’s appeal was thrown out.The court ordered BSGR to pay the Brazilian company $2 billion for its losses in the joint venture. To collect the cash it is owed under that order, Vale has sought to freeze Steinmetz’s assets and is asking a U.S. judge to help it secure evidence about investments he and others allegedly made in New York real estate.‘Nose Closed’In a conversation with Black Cube’s undercover operatives -- according to a transcript filed with the court documents -- former Vale executive Jose Carlos Martins said he’d had suspicions about the deal. While he recommended Vale go ahead with the purchase, “I’m proposing it with my nose closed because I smell something wrong,” he said, according to the transcript.Martins, who spent almost a decade running the company’s iron ore business, didn’t respond to requests for comment.In the transcript, Martins compared the deal to a beautiful woman with a sexually-transmitted disease.“You bring her to your hotel room, she’s naked, marvelous, and then she says: ‘A little problem, maybe I am with AIDS’, okay? It’s a problem.”Black Cube, which says on its website it hires veterans of the Israeli intelligence community, had a team of more than 20 agents working on the investigation, according to people familiar with the situation. It specializes in targeting human sources for information, often in cases where little or no documentary evidence can be found.The company mapped out all those it believed could have information on the case and built psychological models of its targets, before deciding on the best cover stories and approaches, the people said. The operative who spoke to Martins presented himself as a partner in an investment consultancy, and all recordings were legal, Black Cube says in the court papers.‘Don’t Tell Me’Martins told the Vale board about entering the deal “closing our eyes,” he said to the operative, according to the transcript. “One of the board members said, ‘Don’t tell me, I don’t want to know at all.’”At the beginning of the last decade, Simandou was seen as one of the most strategically important assets in the mining world. Its development was a threat to the three dominant iron ore miners, Vale, BHP Group and Rio Tinto Group, at a time of insatiable Chinese demand for the steelmaking ingredient. It was in that context that Vale wanted the asset.“Everybody knows that there was something wrong,” Martins told the undercover agent, according to the filing. “Myself, the CEO. But it was so important not to let this buying to get the competition hands.”Black Cube also targeted another former Vale executive, Alex Monteiro. According to the transcript, he told operatives: “All the diligence we did was fine, but still, there was that smell of something that could have been done wrongly.” When approached for comment by Bloomberg on Thursday, Monteiro said the due diligence didn’t produce any concerns.“Based on an in-depth due diligence we did, there was no bad smell,” he said by email.Dying PresidentSteinmetz, 64, has a long history in difficult environments across the globe after having been originally sent out by his family to secure supplies of rough diamonds. He developed a diamond mine in Sierra Leone before setting his sights on Simandou in neighboring Guinea.Ailing President Lansana Conte stripped Rio Tinto of its rights to half of the asset, which the Anglo-Australian miner hadn’t developed in a decade of control. The rights lost by Rio were transferred to Steinmetz weeks before the president died in 2008. Then BSGR sold half the asset to Vale.After Alpha Conde was elected in 2010, he announced a review and clean-up of the mining industry, Guinea’s main source of income. Billionaire George Soros and former U.K. Prime Minister Tony Blair advised on and funded Conde’s initiative. A dossier of alleged corruption became the basis for BSGR’s loss of rights. BSGR denied it paid any bribes.In 2014, a Frenchman with ties to Steinmetz and BSG Resources was sentenced to two years in prison for interfering with a U.S. probe of bribery in connection with mining rights in Simandou. Steinmetz is also facing corruption charges in Switzerland over the mining asset, which he denies.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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Encouraging data from a COVID-19 vaccine trial by U.S. drugmaker Moderna added to the optimism, bolstering Wall Street's rally. Despite worrying rises in the number of new cases in emerging markets, especially Brazil, and simmering U.S.-China trade tensions, an index of Latam stocks jumped 4.3%. Currencies of oil exporters Brazil, Mexico and Colombia firmed between 1.3% and 1.5%, with the Mexican peso touching a more than four-week high.
After being stuck inside for weeks on end, you may be starting to run low on ideas for ways to stay entertained. Despite some countries and states reopening businesses and public spaces, social distancing is still important, and if you're looking for somethin…
* Real breaches 5.8 to the dollar * Most Latam stocks rise * Deutsche Bank sees some strength in EM (Adds details, updates prices) By Susan Mathew and Ambar Warrick May 7 (Reuters) - Brazil's real plumbed new lows on Thursday after the country's central bank made a bigger-than-expected cut to its key interest rate, while most other Latin American currencies made healthy gains against the dollar. The reading also pointed to some resilience in global demand, aiding commodity prices. Most regional shares rose between 1% and 4%, while Brazil's Bovespa fell on the prospect of strict lockdowns across most of the country to curb the spread of the coronavirus.
Billionaire Beny Steinmetz's BSG Resources Ltd (BSGR) is seeking to reopen an arbitration case that ordered it to pay $1.25 billion to Brazilian minder Vale SA over an abandoned mining joint venture in Guinea. BSGR has filed documents, seen by Reuters, with a U.S. court which it said shows that Vale was aware of potential bribery or "red flags" when the companies partnered to develop Simandou, one of the world's biggest iron ore deposits containing billions of tonnes of the steelmaking ingredient. The companies are locked in a long-running legal dispute over the joint venture, which was created in 2010 but has since been abandoned.
(Bloomberg) -- Iconic Brazilian companies Vale SA and Eletrobras SA were removed from the world’s largest sovereign wealth fund due to environmental and human rights concerns.Norges Bank Investment Management said in a statement it’s excluded iron-ore giant Vale from Norway’s $1 trillion pension fund after repeated dam breaches in Brazil killed hundreds of people and caused environmental damage. Eletrobras was withdrawn because of the “unacceptable risk” that the country’s largest utility contributes to serious or systematic human rights violations.Norges’s move deals a blow to Vale, which has taken steps to improve its image after a dam collapse early last year killed 270 people. The Rio de Janeiro-based mining company replaced its top manager, committed to decommissioning riskier dams, and built a treatment plant to clean up polluted water.For Eletrobras, it’s also a reminder of the problems associated with the Belo Monte plant, where construction in the Amazon forest was marked by fierce opposition from environmental groups and a corruption scandal. Norges’s Council on Ethics said the project led to “increased pressure on indigenous lands, the disintegration of indigenous peoples’ social structures and the deterioration of their livelihoods,” with about 20,000 people displaced by the dam. The council also said the company has been involved in other projects that have been criticized for human rights violations.Eletrobras, controlled by the Brazilian government, said in a statement that it has taken “important strategic steps” to strengthen its commitment to human rights practices including closely monitoring subsidiaries like Belo Monte’s operator.Vale declined to comment.Norway’s wealth fund owned $375 million in Vale stock at the end of 2019, according to the latest figures available on the website of Norges Bank Investment Management. It also held $53 million in shares and $21 million in bonds of Eletrobras.Eletrobras fell 1.1% at 3:43 p.m. in Sao Paulo, extending this year’s decline to 46%. Vale rose 3%, reducing 2020’s losses to 9%.Other companies excluded from the fund include Canadian Natural Resources Ltd., Cenovus Energy Inc., Suncor Energy Inc. and Imperial Oil Ltd. due to emissions. ElSewedy Electric Co was also excluded because of its participation in the development of a hydropower project in Tanzania.(Adds Eletrobras comment in fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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The Norwegian central bank on Wednesday excluded four Canadian oil and gas companies from its $1-trillion wealth fund, the world's largest, for producing too much greenhouse gas emissions, its first use of carbon emissions as a criterion to blacklist firms. Canadian Natural Resources Ltd, Cenovus Energy Inc , Suncor Energy Inc, and Imperial Oil Ltd were excluded from the fund due to "unacceptable greenhouse gas emissions", Norges Bank said in a statement https://www.norges-bank.no/en/news-events/news-publications/News-items/2020/2020-05-13-spu. The decision was based on recommendations from the Council on Ethics, the fund's ethics watchdog, because of the companies' carbon emissions from production of oil to oil sands, the central bank said.
A cold blast of air brings an early winter to parts of the state.
As oil prices jumped, currencies of crude producers Mexico and Colombia rose almost 1%, while rallying copper prices lifted exporter Chile's peso. Most regional shares rose between 0.8% and 1.7%, in line with gains in Wall Street indexes, but Brazil's Bovespa fell. Brazil's currency slid to 5.857 as the central bank cut rates by 75 basis points, 25 basis points more than a consensus estimate, to yet another record low of 3%.
The building in Maida Vale is located close to Grenfell Tower, where 72 people died in a fire in June 2017
The coronavirus pandemic exacerbated the ugly, systematic state violence against Romani people.
Australia’s New Century Resources Ltd. is in talks with Brazilian miner Vale SA (VALE) for the acquisition of its nickel and cobalt mine operations on the Pacific island of New Caledonia.The zinc miner has entered into a 60-day exclusivity period with Vale Canada Limited, a subsidiary of Vale S.A., to complete due diligence and negotiate the acquisition of 95% of the issued shares in Vale Nouvelle Calédonie S.A.S. (VNC), which owns and operates the Goro nickel & cobalt mine in New Caledonia. The mine also has a processing plant and a port facility.Financial terms of the talks weren’t disclosed. However, Vale informed investors that with the announcement, the investment held at VNC will be recorded at the fair value and classified as an "asset held for sale" in its consolidated financial statements, leading to an additional impairment loss of about $400 million to be recognized in the second quarter income statement.If the talks progress to a deal, the purchase would turn New Century Resources into a major supplier of nickel and non-DRC sourced cobalt for the electric vehicle industry, the zinc miner said.Furthermore, IGO Limited, a major shareholder in New Century, is supportive of the acquisition opportunity, New Century said in the statement.Shares in Vale have seen a nice advance in the past two months gaining 36%. However, the stock is still down some 33% year-to-date.BMO Capital analyst Edward Sterck last month raised Vale’s stock rating to Buy from Hold, while lowering the price target to $9.50 from $12, citing the miner’s low-cost iron ore exposure offering a "relative safe-haven" for investors during the COVID-19 market volatility.The analyst added that he sees the company’s Brazilian production more at risk of slowdowns than absolute shutdowns.Turning now to the rest of Wall Street analysts, a bullish outlook prevails. Vale scores 9 Buy ratings adding up to a Strong Buy consensus. The $11.50 average price target indicates 28% upside potential in the shares in the next 12 months. (See Vale stock analysis on TipRanks).Related News: Regeneron To Repurchase $5 Billion Stake From Sanofi Weight Watchers Fires Thousands Over Zoom Facebook Workplace Hits 5 Million Paid Users As Remote Work Demand Rises More recent articles from Smarter Analyst: * AutoZone Surprises with Business as Usual Quarter * Logitech Shares Lifted In Pre-Market On Share Buyback Plan, 10% Dividend Boost * Billionaire Ackman Exits Berkshire Hathaway, Blackstone To Fund Opportunities * HBO Max Launches, But Not Yet Available on Amazon, Roku Platforms
If you go to the Surrey Hills of northwest Tasmania, you'll see a temperate rainforest dominated by sprawling trees with genetic links going back millions of years.
* Mexican peso hits highest since mid-April * Colombian peso at 10-week high, Chilean peso hits 11-week high * Stocks rally on hopes of strong first half in 2021 * Negotiators with creditors may extend beyond May 22 - Argentina (Adds comments, updates prices) By Shreyashi Sanyal and Susan Mathew May 20 (Reuters) - Latin American stocks and currencies were lifted by a rise in commodity prices on Wednesday, with the Mexican peso hitting a five-week high, as markets looked to a strong post-pandemic recovery. Brazilian airline Azul shot up 13% on plans to increase daily flights by 46% in June compared with May. Other major gainers were oil giant Petrobras and iron ore miner Vale.
* Mexico to open up some car factories from Monday * Brazilian real falls for third straight day * Chilean central bank says financial system not hard hit (Adds comments, updates prices throughout) By Shreyashi Sanyal May 13 (Reuters) - Mexico's peso rose on Wednesday, as the country unveiled plans to reopen some portions of its economy from May 18, while intensifying political uncertainty in Brazil weighed on its currency. Most Latam bourses followed Wall Street into the red after U.S. Federal Reserve Chairman Jerome Powell warned of a prolonged recession due to the pandemic. The dollar rose after Powell dispelled speculation about negative interest rates.
What is dead may never die, though some who have died are better than others. Let's separate the good (Tywin Lannister) from the bad (Olly) and the totally useless (sorry, Sand Snakes).
Brazil recorded a $19.7 billion maritime trade surplus in the first four months of the year as imports by value fell as the real currency weakened and exports of agriculture goods remained strong, a port operators group said on Monday. The surplus is 14.56% wider than in the same period of 2019 despite the crisis caused by the novel coronavirus, which has disrupted transport systems worldwide, said ATP, which represents Brazilian private-sector terminal operators including miner Vale and grain merchant Bunge. The widened surplus reflects the fact that Brazilian ports have operated regularly amid the pandemic, ATP said in a statement.
VALE earnings call for the period ending March 31, 2020.
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We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
* Brazilian real leads gains among Latam peers * Mexican peso hits more than four-week high * Argentine peso touches fresh low against dollar (Adds comments, updates prices) By Shreyashi Sanyal and Susan Mathew May 18 (Reuters) - Latin American assets roared higher on Monday, with Brazil's real jumping as commodity prices surged on hopes of economic recovery as countries eased pandemic-induced lockdowns. Encouraging data from a COVID-19 vaccine trial by U.S. drugmaker Moderna added to the optimism, bolstering Wall Street's rally. Brazil's real added 2.2%, while currencies of other oil exporters Mexico and Colombia firmed between 1% and 1.7%, with the Mexican peso touching a more than four-week high.
BBC Sport looks at the the impact of coronavirus on lower league football clubs, players and fans, and how the game might recover.
On April 3, the Vale COVID-19 challenge was launched in Canada to help propel innovative COVID-19 solutions developed by companies, startups, institutions, universities or professionals into the marketplace by offering financial support of up to USD $1M. A total of nearly 1,800 solutions were submitted globally, of which over 300 came from within Canada.