Australia Takes Mining Giant to Court

Australia’s corporate watchdog is taking mining giant Rio Tinto and two former executives to court over the global miner’s “misleading and deceptive conduct” in reporting the coal reserves of a Mozambique mine purchased for $4 billion. The Australian Securities and Investments Commission (ASIC) launched the court action Friday against Rio …

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US Markets Fall on Steel, Aluminum Tariffs Announcement

U.S. stocks sank in another dizzying day of trading Thursday after U.S. President Donald Trump promised stiff tariffs on imported steel and aluminum, worrying investors about possible retaliation by other countries. The Dow Jones industrial average fell 420.22 points, or 1.68 percent, to 24,608.98, the S&P 500 lost 36.16 points, or 1.33 …

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Refugee Women Get a Taste of Entrepreneurship

When refugees arrive in a new country, they bring little to no material possessions. But many bring something more valuable: their talent and skills. Twenty refugee women and asylum seekers from different parts of the world recently came together at a pop-up store in Phoenix, Arizona, to display their homemade …

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Indexes Point to Cooling Growth in China This Year 

Growth in China’s manufacturing sector in February cooled to the weakest in more than 11/2 years, raising concerns of a sharper-than-expected slowdown in the world’s second biggest economy this year as regulators tighten the screws on financial risks. The weakness was driven by disruption to business activity by the Lunar …

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Venezuela Says US Sanctions Hampering Debt Renegotiation

Venezuela’s foreign minister said Tuesday that U.S. sanctions against the ailing oil nation were making foreign debt renegotiation more difficult and causing “panic” at global banks. Venezuela is undergoing a major economic crisis, with millions dealing with food and medicine shortages, and President Nicolas Maduro’s socialist government is late in …

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