Category: News

Egypt’s main index drops 2.6% on hiked inter...

Porto Group, real estate developer for touristic resorts, was the main index’s biggest decliner, falling 6.67 percent to LE0.43 per share, followed by Ezz Steel that dropped 6.3 percent to LE9.1 per share. Market bellwether Commercial International Bank …

World’s No. 2 Pellet Producer to Halt Output...

Samarco Mineracao SA, the world’s second-largest producer of iron-ore pellets, will halt output of the raw material for blast furnaces following what Brazilian prosecutors described as the worst-ever environmental disaster in the state of Minas Gerais.

Brazil dam breach disaster rocks BHP

Brazilian authorities were last night searching for up to 28 people still missing three days after dams burst at the half BHP Billiton-owned Samarco iron-ore operations, unleashing a wall of heavy sludge that buried much of a nearby …