South Africa’s gold mining industry must undergo radical change to cope with falling prices, intensifying labor disputes and the surging cost of ever-deeper exploration.
Two major public pension funds joined the drive for Bank of America Corp. shareholders to oppose a corporate bylaw change that lets Brian Moynihan serve as both chief executive and chairman.
Investors sought safety in U.S. government bonds on Tuesday after a gauge of China’s manufacturing sector fell to a three-year low, adding to anxiety over the global growth outlook.
Australia’s government said temperatures in parts of the Pacific Ocean are at their highest level in nearly two decades thanks to a strong El Niño—a phenomenon that can upend weather patterns around the world.
Italy’s Eni has found a big gas field in Egypt. That highlights its strengths as the company also gets its financial house in order.
Dollar Tree swung to a loss in its latest quarter, though sales jumped, as the discount retailer integrates its recently-acquired rival.
Starwood Capital is on the verge of selling a huge Vancouver residential development as it looks to tap into strong demand for condos in the area.
Developers, pension funds and big banks are racing to build thousands of condominiums and swaths of commercial space along the newest stretches of Vancouver’s light-rail system.
Fiat Chrysler Automobiles logged a better-than-expected 1.7% increase in U.S. auto sales, but overall U.S. sales are expected to cool in August on the impact of a later Labor Day.
Order expected to exacerbate an estimated 30% excess capacity in shipping route between Asia and Europe.