Peru Mining Association Highlights Benefits of Investments Despite Protests
LIMA, Peru--Peru's National Mining, Oil and Energy Society, or SNMPE, released Wednesday a study highlighting the economic boost that a pipeline of mining investments worth about $53 billion would have on the Andean country.
Petrobras Expects to Continue Importing Natural Gas From Bolivia
Brazilian state energy company Petroleo Brasileiro S/A (PBR, PETR4.BR), or Petrobras, expects to continue importing natural gas from neighboring Bolivia for the foreseeable future, the director of the company's gas and energy unit said Wednesday.
Dollar Falls, Treasurys Stay Up After Fed Minutes
The dollar lost ground and Treasury prices held onto gains Wednesday after minutes from the Federal Reserve latest meeting showed policy makers actively discussed a new bond-purchase operation - a so-called third round of quantitative easing, as well as pushing out their expected timing of an
Fed Minutes Show Active Discussion Of QE3
Members of the Federal Reserve got closer to pushing the button on a new round of bond purchases even as a less aggressive step of altering language on a low-rate pledge seems to be in the works, according to minutes from the July 31-Aug. 1 meeting released Wednesday.
Gold Ends Lower; Other Metals Up As Platinum Leads
Gold futures ended modestly lower on Wednesday, a day after settling at a three-month high and ahead of the release of minutes of the latest U.S. monetary-policy meeting.
Fed Sees U.S. Economic Growth Slowing, Mulls Policy Options
Members of the Fed's policy-setting committee pared back their expectations of U.S. economic growth, and warned of 'significant downside risks,' minutes released on Wednesday revealed. As such, the central bank said it is considering its monetary policy options, including a large-scale asset
Greece Aid Dependent On Troika Report
Extensions to Greece's reform program will be dependent on the results of an international troika of inspectors set to arrive in Athens in September, Eurogroup chief Jean-Claude Juncker said Wednesday, according to Dow Jones Newswires.
ConocoPhillips Sells Interest in Joint Venture to Lukoil
ConocoPhillips (COP) sold its indirect 30% interest in a Russian joint venture to co-owner Lukoil Holdings (LUKOY, LKOH.RS), part of the exploration and production company's effort to boost returns by divesting itself of billions of dollars in assets.
Nissan Hires Consumer Reports Auto Expert
Nissan Motor Corp. (NSANY, 7201.TO) said it has hired David Champion, the longtime head of auto testing for Consumer Reports, to a new position as "executive adviser, competitive assessment and quality." At Consumer Reports, Mr. Champion oversaw the magazine's extensive automotive testing work,