One of the world’s biggest mining companies is cutting 5,500 jobs because of the slowdown in China

One of the world’s biggest mining companies is cutting 5,500 jobs because of the slowdown in China

Steve Dykes/Getty ImagesCuts are coming. Anglo American is slashing its business to the bone. The mining giant on Tuesday announced a radical reduction in its business, cutting 60% of jobs, selling off huge swathes of assets, and stopping mining of … Continue reading at businessinsider.com

CSX accused of blocking crossings in Chicago, southwest suburbs

The City of Chicago and Evergreen Park are asking a federal agency to consider fines or other sanctions against CSX Transportation over an ongoing issue of the company’s freight trains blocking railroad crossings on the city’s Southwest Side and in … Continue reading at chicagotribune.com

One of the worlds biggest mining companies is cutting 5500 jobs because of the slowdown in China

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Asian Stocks Rise Again on Stimulus Hope, Crude Oil Jump

Asian stocks rose for a second day Tuesday as rising hopes for more central bank stimulus and a jump in crude oil prices gave investors relief from the mauling that markets have suffered so far this year. KEEPING SCORE: Japan’s benchmark Nikkei 225 index … Continue reading at abcnews.go.com

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Mizuho Financial Group Partners With Cognizant To Develop A Blockchain Solution For Secure Record-Keeping And Improved Customer Experience

TOKYO, Feb. 16, 2016 /PRNewswire/ — Mizuho Financial Group (NYSE: MFG, TYO: 8411), one of the largest financial institutions in the world, and Cognizant (NASDAQ: CTSH), a leading provider of information technology, consulting, and business process … Continue reading at thestreet.com

Bad loans at Chinese banks just hit a decade high

Peter Macdiarmid/Getty ImagesA Landrover vehicle passes a road sign warning drivers to slow down for a minefield on February 6, 2007 near Stanley, Falkland Islands. Non-performing loans at Chinese banks jumped by 51% to 1.27 trillion yuan last year, taking … Continue reading at businessinsider.com

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The Never-Ending Story: Europe's Banks Face a Frightening Future

If you had to pick the moment when European banking reached the point of no return, which would you choose? The July day in 2012 when Bob Diamond resigned as Barclays's chief executive officer amid the Libor rigging scandal? Or the fall morning later … Continue reading at bloomberg.com

January 2016 Fiat Chrysler Automobiles Sales In Europe

In January, FCA posted European sales of more than 72,600 vehicles, a year-over-year increase of 14.5% compared with 6.3% for the industry. All FCA brands registered increases, with Jeep up 32.6%, Fiat and Alfa Romeo up 13.9% and Lancia up 2.3%. The Fiat … Continue reading at thestreet.com

One of the worlds biggest mining companies is cutting 5500 jobs because of the slowdown in China

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IBM Bets on Bitcoin Ledger

International Business Machines Inc. is becoming the biggest backer of a technology that underpins the Bitcoin digital currency. In the coming year, IBM will begin testing its own variation on the transactional software known as blockchain, aiming to … Continue reading at nasdaq.com

Anglo American 2015 Underlying EBIT Down 55%; Announces 2016 Targets

(RTTNews.com) – Anglo American PLC (AAUKY.PK, AAL.L) reported a pretax loss of $ 5.45 billion for the year ended 31 December 2015 compared to a loss of $ 259 million, prior year. Loss to shareholders was $ 5.62 billion or $ 4.36 per share compared to a loss of … Continue reading at nasdaq.com

State Street MD says investor is holding cash while markets are in ‘crisis mode’

Trading after the Lunar New Year holidays has been uneventful so far, but the storm isn’t over, fund management giant State Street Global Advisors warned. “Despite the calm in last two days, we don’t think this is the end,” Thomas Poullaouec, managing … Continue reading at cnbc.com

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