27 Burst results for "Glencore"

"glencore" Discussed on As It Happens from CBC Radio

As It Happens from CBC Radio

07:58 min | 1 year ago

"glencore" Discussed on As It Happens from CBC Radio

"In a lot of electronic devices is there's a rechargeable lithium lithium ion battery and an essential part of that battery is cobalt about two thirds of the world's cobalt supply comes from from the Democratic Republic of the Congo. That's according to Siddharth Kara. WHO's been looking into conditions in the mines that country for years now? His research is the foundation of a class action lawsuit and the defendants named in the suit are some companies. You'll recognize apple. Microsoft Dell Tesla and Google Parent Parent Company Alphabet the suit alleges. These companies are quote knowingly benefitting from and aiding and abetting the cruel and brutal use of young children in DRC to mind cobalt unquote. We reached siddharth. Kara in Los Angeles California Siddharth. has anyone ever tried this before suing doing it. Tech giant on behalf of children working in mines note this is a landmark case. No one has ever. At least prior to December sixteenth twenty nineteen tried to sue the largest ten companies in the world on behalf of the children in the Congo who mind their cobalt. Can you tell us some of the stories you. You have heard some of the things that you have found out about these children who are mining cobalt in the DRC. Well the research I've done in the DRC. In the cobalt sector in particular has yielded some of the most heartbreaking appalling and utterly unimaginable levels of exploitation and suffering of any sector that I've researched and almost two decades of research into slavery and child labour the peasant population and the children in particular are eking out a sub human existence stint caked and toxic filth and grime as they mind for the cobol that is used in. Every Lithium Ion rechargeable battery we in the planet and I think the worst stories I heard and I heard far too many of these involved young young young children and young men who would addict tunnels uh to find the larger cobalt deposits. Some of these up to a hundred feet deep And then these tunnels just would collapse and bury alive everyone inside and you were actually there doing your research at a time when one of these tunnels collapsed on a bunch of people including children's that right that is correct. Yes Carol it's it's probably one of the most Haunting and painful days of of all my research I was doing research near Lake. Malo which is Not Not too far outside of the city of Louisi- and Documenting some children when we received word that a tunnel had collapsed. Barely one hundred meters from where I was standing and and we rushed to the site It had already been blocked off by Congolese military family members were swarming in swooning and howling off with terror for any word of survivors and It didn't take long Before we received word that there were sixty three people in that tunnel and sixty three people buried alive that day did children who are working not just children. But the what. You're focused on here. These kids kids. And how much money do they actually make from working these cobalt mines. Well children Even the adults barely Eke Kowt somewhere between eighty cents and maybe two dollars a day depending on the kind of work that they're doing obviously the youngest children are in the very least amount. And when you you add to that the context that they're producing this cobalt that's using the gadget sold by companies that are worth hundreds of billions dollars if not more than a trillion dollars Run by executives world billionaires that complete degrading and debasing amount of wealth elfin income that is shared at the bottom of the chain by the top is unconscionable it's unacceptable it's completely indecent and that's the remedy above all that I'm after I with my research and this lawsuit in particular fix the conditions on the ground and pay. These people decently as you. I know from your other research in abusive child. Labor practices that it's the hardest thing to do with the kind of suit like this is to prove that the companies themselves elves are are connected to the abuse of child labor practices that you can actually prove that the cobalt that his mind by the children that you're talking about is actually ending up in the supply chain of products made by Apple Microsoft. Dell Tesla is is there evidence that that exact cobalt Obama's ending up in their supply chain. Well we would not have filed a lawsuit unless we did not have definitive evidence that these children are plaintiffs and thousands of other children. L. Dron and Poor people in the Congo where mining and suffering cobol at mining areas linked directly to the supply chains of the largest tekken auto makers in the world you see two thirds of the global supply of cobalt comes from the Congo. So already in right there you cannot avoid Congolese cobol then asking you. Is it possible that these companies can claim that you can't prove that they're actually linked to the cobalt. Cobalt comes from other kinds of mining rights. So can you put. This is going to be the most difficult thing. I would imagine that right. Well it it. Certainly the supply chain is Is Opaque It is complex but the plaintiffs all were injured and killed at mines. Owned by companies that have been publicly disclosed as sellers of cobalt two are defendants. One of those companies is a mining company. Called Glencore Glencore has put out a a statement to say that quote it does not tolerate any form of child forced or compulsory Labor. What you say to them? Well I say words are all find then good but what you tolerate and what you say you tolerate and what's actually happening on. The ground are two different things and I would encourage The people that Glencore for To take this seriously to work constructively on solving this problem it's it's been all too easy for these companies to proclaim there's zero your tolerance policies and then continue business. As usual. There are children. There are peasants being injured and being killed on sites. They A on every day. That is a fact and that is a fact. They need to come to terms with and to and to address in an honest and constructive fashion. How much more would it cost them to actually be paying these labors a the wages living wages or or or putting in safe Labor abor practices for the children and the workers in these minds? How much more would it cost for them to buy that? Cobalt perhaps the only tragedy greater than the criminal destruction direction of the environment and the lives of the people of the Congo by these companies is the fact that it would be a rounding error on their income statements. To fix the problem. It would not take much at all by way of resources or attention to sit down and genuinely Linley and constructively and permanently. Bring Decency Dignity Safety and security to the people and the communities in the Congo where they're cobalt is mind. Sit House we'll leave it. There will be following this story. Thanks so much thank you. That was at hearth. Kara in Los Angeles California. He's an expert witness in a new lawsuit against a number of big tech companies. He's also an adjunct lecturer in public policy at Harvard Kennedy School. We'll have more on that story on our webpage at CBC DOT CA slash Aih.

Cobalt Siddharth Kara Congo apple DRC Los Angeles abetting Microsoft Glencore Glencore Glencore Google Democratic Republic Eke Kowt adjunct lecturer
US proposes $4 billion in potential additional tariffs over EU aircraft subsidies

Financial Issues

01:06 min | 2 years ago

US proposes $4 billion in potential additional tariffs over EU aircraft subsidies

"Percent this talk about Abbas's well over the U. S. proposing adding for terrorists to four billion dollars if you goods over this at best Boeing disputed we see any reaction the fez I just enough read the stock is down about zero point six percent it's quite interesting because actually this expanded list of goods that may be targeted with the US tariffs does not really directly affect our bus it's mostly food you know like cherries meat and pasta but it's definitely a reminder that there are still trade tensions between the EU and the US despite kind of the positive signals we saw out of G. twenty and so is definitely reminder that we could see more tensions coming up okay you also looking at mine is this morning final I know it's it's yesterday and today taking out a hundred and twenty dollars a ton right I am or has not you know the fresh five year high after supply disruptions in Brazil as well as a Strela of course gold is also rising today and we see that the basic resources sector in Europe is the best performing sector today kind of led by you to Rio Tinto Glencore in

Abbas Boeing United States EU Brazil Europe Rio Tinto Glencore Four Billion Dollars Twenty Dollars Six Percent Five Year
"glencore" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:56 min | 2 years ago

"glencore" Discussed on Bloomberg Radio New York

"Bloomberg opinion editor Jennifer Ryan is with us from our London bureau, and Jen I love the first line of David Fickling piece this morning on Glencore at to Glencore. He's focused on a potential dark cloud for the coal market from the world's biggest commodity trader. Yeah. I mean, it was really only a few months ago that it was promoting coal as a viable part of global emissions reducing plans. I mean, whatever you think about that strategy at any rate, it's not change in. So now it's promising to cap production for the foreseeable future at around current levels, which is one hundred and forty five metric tons a year. I mean, the move is pretty striking because it makes up the biggest slice of Glen courts profits in two thousand eighteen and. The company is actually one of the few diversified Niners. That is proudly committed to coal. Yeah. So what's behind this sudden shift? Well, one factor. Must surely is that major investors are really putting more and more pressure on companies to back away from the dirtiest emissions. So I mean, just to give you some numbers here institutions with six point two trillion dollars in assets have already committed to diversify away from fossil fuels and this is figuring into the chair. So does this mean that Glencore is getting out of coal completely not at all? I mean, thanks to its investment in Rio. Tinto's minds north of Sydney in two thousand seventeen it's still likely to be turning coal out. For decades, the plan put cap could be maintained well into the twenty thirties merely just by building out. Its current undeveloped projects still Fickling says is that the announcement gives us another clue as to how cold could conceivably decline in the coming years. It's going to come to a sudden end where prices have traded set forth permanently below marginal cost. But instead what we're more likely to see his death by. Thousand cuts. Yeah. I guess we can get into the question of whether Cole is a viable part of global emissions reduction plans to leave that for another day. But let's move onto the Sainsbury news this morning. We've been talking about the shares of one of Britain's biggest grossers plummeting this morning on word. That regulators could block Sainsbury's deal to buy WalMart's UK subsidiary entirely Andrew fell focused on that this morning. What's she writing about? Just to give you a bit of a recap this nine billion dollar deal was announced back in April, and the whole rationale of it is for Britain's grocers to join forces to cope with the changing retail environment. I mean, this is as as companies are in the United States as well. Saints along with Tesco and more center having to cope with the encouragement of all the lead all the German. No frills supermarkets, and there's just continuing to gobble up all of the market share in the sector all the sales growth. I should really say. Now, the the competition authority recognized that aldean legal do compete, but not to the extent of the remainder of the of Saint sprays. Biggest competitors. And so from this perspective, the remedies the regulator, we're going to require for the delta co through look, really, just incredibly harsh. And it looks like, you know, they've got sculpted blocking entirely. Yeah. We've heard from Sainsbury CEO calling the agency's finding outrageous. What is Andrea think of that contention? She says that actually really has some merits. I mean. All the legal really have been snapping at the heels of all of Britain's gross this for quite some times. More to the point is that the CNN is finding really looks like a considerable flip fought from its latest ruling in the industry in two thousand seventeen it allowed tests go to purchase Booker and wave that transaction through without demanding really any concessions that looked in unduly lenient sort of ruling there. And so now injuries saying that Sainsbury should just walk away from this deal. And if it goes ahead and does that where's that leave? Walmart Sainsbury's performance has really been disappointing. Since the merger was an absent fell said thinks that since we're really needs to do its focused very strongly on its underlying business. And so it shouldn't get involved with trying to improve the terms of this transaction or try to do any further battle with the since we clearly has the most salutes here, but for WalMart. There are other options it could potentially persuade private equity to consider a purchase. But that's not the case for Saint spray the prospects for by out. There are a lot less clear cut. Although. Could potentially be a tempting opportunity for the likes of Amazon. So as far as Saint spray, the has given the grocer away out of the St. L and fell said says that the CEO should just go ahead and take it. All right and just checking Sainsburys shares right now they're down to sixteen percent. In london. Bloomberg opinion editor Jennifer, Ryan, thanks as always could read more on these and other stories from Bloomberg opinion at Bloomberg dot com slash opinion, on the Bloomberg terminal customers can type in Opie. I n go on the search bar. Karen? Thanks nathan. It's coming up to five fifty four on Wall Street. It's time for Bloomberg law report. Let's get to the legal stories where watching this morning with Steve Potisk in the Bloomberg ninety nine one Washington newsroom..

Sainsbury Bloomberg WalMart Glencore Jennifer Ryan Britain David Fickling london editor CEO Tesco Jen I United States Saint Tinto Rio CNN Amazon
Glencore vows to cap global coal production 

Bloomberg Daybreak

01:47 min | 2 years ago

Glencore vows to cap global coal production 

"And Jen I love the first line of David Fickling piece this morning on Glencore at to Glencore. He's focused on a potential dark cloud for the coal market from the world's biggest commodity trader. Yeah. I mean, it was really only a few months ago that it was promoting coal as a viable part of global emissions reducing plans. I mean, whatever you think about that strategy at any rate, it's not change in. So now it's promising to cap production for the foreseeable future at around current levels, which is one hundred and forty five metric tons a year. I mean, the move is pretty striking because it makes up the biggest slice of Glen courts profits in two thousand eighteen and. The company is actually one of the few diversified Niners. That is proudly committed to coal. Yeah. So what's behind this sudden shift? Well, one factor. Must surely is that major investors are really putting more and more pressure on companies to back away from the dirtiest emissions. So I mean, just to give you some numbers here institutions with six point two trillion dollars in assets have already committed to diversify away from fossil fuels and this is figuring into the chair. So does this mean that Glencore is getting out of coal completely not at all? I mean, thanks to its investment in Rio. Tinto's minds north of Sydney in two thousand seventeen it's still likely to be turning coal out. For decades, the plan put cap could be maintained well into the twenty thirties merely just by building out. Its current undeveloped projects still Fickling says is that the announcement gives us another clue as to how cold could conceivably decline in the coming years. It's going to come to a sudden end where prices have traded set forth permanently below marginal cost. But instead what we're more likely to see his death by. Thousand cuts. Yeah. I guess we can get into the question of whether Cole is a viable part of global emissions reduction plans to leave that for

Glencore David Fickling Jen I Cole Tinto RIO Sydney Forty Five Metric Tons Two Trillion Dollars
"glencore" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:23 min | 3 years ago

"glencore" Discussed on Bloomberg Radio New York

"Commodities Lynn Thomas and joins us now very good to. Have you on our program this morning so what, are the big takeaways from the results the, numbers good but not, enough money, back to shareholders is not the headline. Exactly I think that's exactly the story for today You know they're they're making a ton of money. Especially in coal and copper, metals trading is really been there sweet spot but with all the miners. They're, making so much money the big question is what are they going. To do with it is Glencore going to a big. Deal are they going to do a big buyback or dividends and that bit of news. We just haven't seen yet what apple is saying? What's been, the reaction I think for the most part it's been no surprise here you know if there's a. Little bit of disappointment in the shares it's because people were hoping for some bit of news that. They would increase. Their buyback or dividend. And there. Wasn't that today so. We didn't get that it does that go along way to explain well, that explains the weakness perhaps that we saw in the initial trading so we were down what more. Than three percent trade we pulled, back a little bit now down just eight tenths of a percent or so why have. The stabilized markets focusing on something else I mean? I think the, overall story for Glencore is going to continue to be a. Wait. And see story so will they do some With? That cash and then you have to? Factor in their remains a big problem with you know what's going to happen to, Glencore in regard to its DOJ investigation the money. Laundering the bribery will? They have to pay a big, fine and told that sorted. Out you're going to continue to see a discount priced into the, share price just run us through a few of those issues Lynn we've got this DOJ probe there's. Challenges spanning from the Democratic, Republic of Congo to Russia house it dealing with these issues so far. It's, it's you know it's just waiting to see what what happens with. The DOJ prob- we don't know at this stage but. You could certainly say that looking over the past year it's been a terrible year for. Them you know and it's it's almost sad because? They've they're, making so much money but they continue to have these quite serious problems with allegations of bribery and. In Africa tighter restrictions in With regard to the legal, situation, in Congo So I think until that sorted out they'll be sort of a cloud overhanging the, stock and what do I want to do they want to see more deal making or do they? Want to see share buybacks from? This business what what was the am Bishen I think most people expect Glenn court to do some kind of big deal in the next know Time over the next few months or so but we just haven't seen that happen a lot. Of the other mining companies have been quite active. In returning cash to shareholders. So dividends and buybacks with going core they've kind of taken the opposite stance in saying you. Know we'll build up m award chest, the problem is we haven't seen that big emanate come through yet given that its rivals, are giving money back to shareholders by the billions Lynn disease create a distinction between Glencore had its? Main? Rivals not distinctions always been? There Glencorse known for its ambitious deal-making and it's not exactly what people would consider a dividend stock But I think the big? Question is if we're expecting that deal what's it going to be and will they will they carry it out guarantees also speculation about what it could be earlier this year kassenberg said there. Was scope to do deals and the company has. Expressed. Interest, in. Agriculture, of course, making a bid for bungee back in two thousand and seventeen, didn't they Lynn thank you very much. For joining us European commodities team leader for Bloomberg Lynn Thomas and joining us with the. Latest ongoing cool it is down eight, tenths percent now mount but it was wasn't it, yes it, was should we talk tesla that's. All chat in the next section it was, certainly one of the ball buzzy interesting news of days it Tesla's history yesterday there'd be the few in. Recent months and never a dull day for mister. Elon Musk and tesla maybe. An b. o. buyout is on the cards yeah well yes well one point four billion dollars.

Bloomberg Lynn Thomas Glencore DOJ bribery tesla Congo Elon Musk Africa apple kassenberg team leader Glenn court Russia four billion dollars three percent
Saudi Arabia, Debra Debra Piece and President discussed on Biz 1190 Overnight featuring Bloomberg Radio

Biz 1190 Overnight featuring Bloomberg Radio

01:52 min | 3 years ago

Saudi Arabia, Debra Debra Piece and President discussed on Biz 1190 Overnight featuring Bloomberg Radio

"It's gonna be a beautiful day currently looking at cable one spot twenty nine ninety three a little bit of downside traders are going to be watching, of course this week and all of that. Evidence of, a strong economy, will, help boost the current CD. Pounds quite a bit of. Pressure puts the futures called clearly lower up to, fifty, one percent will still getting through the earnings season HSBC Glencore quite a few others are this week Second for. You as well in the first word headlines from around the world across back out the Debra Debra Piece of Saudi Arabia has frozen trade investment and diplomatic ties with Canada and the latest esscalation up their dispute over the kingdom's arrests of a women's. Rights activist, Riyadh recalled its ambassador to, Ottawa and order. The Canadian on void to leave within twenty four hours last week Canada criticized Saudi Arabia's arrested including Canadian citizen some. Are A leading mouthpiece for the Chinese leadership. Says preparations have already been made for quote a trade war level times also says the country doesn't fear sacrificing short term economic interests therefore comes after Beijing released a list of sixty billion dollars worth of US goods it intends to hit with tariffs that President. Trump again, defended tariffs saying playing hardball, on trade is. His thing Security forces in Venezuela have made a wave of arrests after. A military parade was attacked with, explosives carrying drones the blasts wounded some officers but left President. Nicolas Maduro unharmed six people have been taken into custody, including why man allegedly involved in an attack last year Military base. Global news twenty four hours a day on air and, at tech talk, on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries I'm Jabber now this is Bloomberg.

Saudi Arabia Debra Debra Piece President Trump Canada Nicolas Maduro Donald Trump Hsbc Glencore Riyadh Military Base Twitter Beijing Ottawa Bloomberg United States Venezuela Twenty Four Hours Sixty Billion Dollars One Percent
Founder And Chairman, China and Tiger Global discussed on Politics, Policy, Power and Law

Politics, Policy, Power and Law

02:16 min | 3 years ago

Founder And Chairman, China and Tiger Global discussed on Politics, Policy, Power and Law

"I'm media agency working with papa john's international has decided to cut ties after the pizza makers founder and chairman john schnatter allegedly used a racial slur and graphic descriptions of violence against minorities on a conference call this according to forbes papa john's and the agency laundry service did not immediately respond to requests for comment shares of papa john's refuses ticker peasy as pizza laura now by two point nine percent tendered on one thirty second looking at a yield of two point eight five percent gold is down eight tenths of one percent twelve forty four the ons west texas enemy eightyeight crew tumbling three percent now seventy one ninety one for wti bread also lower by four by four percent seventy five sixty nine for a barrel of brent it is one oh two on wall street and that means one thing it is time now for the market driver's report with a focus on american depository receipts here is dave wilson thanks charlie eighty yards or falling more than us shares the s and p a r index is down one point seven percent while the sp five hundred's lower by six tenths of a percent eighty ours of mining companies are lower after the trump administration announced those plans to expand tariffs on chinese imports australia's be hp billiton has lost four point four percent switzerland's glencore has lost a five point six percent and uk based rio tinto has dropped four point seven percent turkish adr's are lower amid a plunge in the country's currency the lira among banks you've got guaranteed down nine point six percent and act bank down eight point nine percent industrial company koch holding is down nine percent japan's softbank group has risen two point two percent person with knowledge in the matter said the hedge fund tiger global has invested more than a billion dollars in the internet company a representative for tiger global declined to comment and china's new oriental education has gained one point one percent people now said the company plans an initial public offering in hong kong for an online learning unit called cool learn dot com charlie alright a store who were watching we thank you very much.

Founder And Chairman China Tiger Global Koch Rio Tinto UK HP Australia Dave Wilson Papa John Hong Kong Representative Softbank Group Japan Glencore Switzerland John Schnatter Nine Percent Seven Percent Four Percent
"glencore" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:37 min | 3 years ago

"glencore" Discussed on Bloomberg Radio New York

"To talk to you so glencore was already facing legal and regulatory problems around the world now this us probe into corruption and money laundering allegations may be widening what happens next well this has been a really huge year for glenn call because we're now aware of three different probes into glenn close activities one being this new one from the doj another one in canada and a third one which is very much in its early early stages in the uk these could be very very big investigations and they could have a broad ramifications for glencore it's not just multiple countries right it's also multiple commodities tell us why that combination is so important the news from the the doj is incredibly important because there are three different countries that are being looked at one venezuela the other night cheerier both of those are oil trading businesses for glencoe and the third one is the congo which is a copper and cobalt play cobalt in particular is a very very hot commodity if it's being investigated glencore could come under pressure to divest and what makes this all the more interesting is that top managers will have to think about their own involvement all of this investigators going to find something that implicates them in any wrongdoing and if they do then they're gonna have to get out of their positions at gain call because otherwise glencore isn't really sustainable it'd be interesting as well to see if glencore is head ivan burg if this is going to affect his risk tolerance in the past certainly he has not seemed phase by difficult jurisdictions and the congo is when a lot of companies have pulled out of the drc yeah i'm in the car in the congress really fascinating case study glencore and we've just seen again i mean glazing bug seems to be willing to take on the us government in december the us government put sanctions on that business partner in the congo and israeli guy by the name of dan gertler who's very close to the president of congo and instead of stopping doing business with dan what glencoe has done is they've found a workaround by paying him in euros instead of us dollars so basically saying to the us government we're just going to carry on doing business we're just gonna slightly fudge the rules friends thank you very much that's.

glencore doj canada uk venezuela ivan burg congo congress partner dan gertler president glenn us
"glencore" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:06 min | 3 years ago

"glencore" Discussed on Bloomberg Radio New York

"It would in in we ca markets it's always looking to return cash to shareholders and to improve improve returns say in some sense this was an obvious thing for it today but it does come just two days after the department of justice prayed into its operations in in the drc nigeria venezuela and i think that was something that share price very hard and knocked investor confidence so i think there are certain the number of investors out there who will interpret it interpret this is a move to reinforced the case for sticking with vancouver keeping with it some people would say it's absolutely hallmark i've lazovic which is cavalier take take your moment in the market this is the the trader extraordinary glencore in the context of the other miners the most recent probe is merely stocking up on a series of probes that they are underclassmen glenn beck is fighting a lot of legal battles isn't he his date and to to come back to your point i completely agree this does remind me a little bit of some of the actions they took back in late two thousand and fifteen where they were up against the wall with very low commodity prices and the very heavy debt burden and investors were kind of closing in on them and they took a number of actions to remind investors in control of their destiny and that very large shareholders themselves and they want to see this company through hard times i think there's definitely an element of that here to to compare glencore against it pays one way to to decide is through the lens of one of his key commodities which is cobalt metal this rallied massively in the past couple of the years on the back of expected grabbing usage in electric vehicle batteries now about two thirds of the world's cabo surpri he comes from the drc glencore is the largest producer of cable and that's very largely based from it from production from its assets in the drc this is a country that other miners have shied away from january some of them have actively pulled out of the drc in recent years so glencore has always differentiated itself on it's its appetite for risk is now operating in difficult jurisdictions but now that more conservative approach from other miners i think something that during difficult times my my these the appeal of some of its rivals hp and we've seen the shepherds again call five billion what's off as market value just on tuesday and others in the sector doing better this year today thank you very much imia.

venezuela vancouver glencore glenn beck drc glencore producer drc nigeria hp two days
"glencore" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:28 min | 3 years ago

"glencore" Discussed on Bloomberg Radio New York

"Risk and market is an opportunity to put those biggest short positions back on we're going to dig a little bit deeper into the markets as we go through the next are donny berger joins us in our london office with some of the stocks that were watching this morning glencore i mean when you had a demolition darby on you start for the past four trading days five billion pints has been wiped off the value of it what does glencore actually do they're actually going for a share buyback of a billion of a billion pints a billion dollars a billion dollars i really feel like the executives that glencore must be reading bloomberg because gotta give it shot up to my colleague justina lee just this morning put out a piece i'll tell you right before glencore announced that europe's buyback stocks are doing better than dividend stocks and as fate would have it here comes glencore this huge buyback helping to push shares higher this morning up by one point seven percent i will note that yesterday the tumble by its third day of consecutive declines glencore was trading the cheapest since august two thousand seventeen so perhaps along with the buybacks investors are saying hey shares look pretty cheap right now yes it was talking to one investor this week he was suggesting that perhaps the selling has been overdone with the antidote the maximum fine that could be imposed by the doj because that was the story earlier on this week of course but anyway there were many views on that one at let's talk about the aviation sector ryanair in focus for you today don yet to open there we go just sitting out this morning exactly so this couple were walkouts happening at ryan air so i had a pilot's staging a walkout over the coming over the coming weeks it faces a pretty big confrontation with organized labor and then we have other news that cabin crew is going to join the pilots in this summer of labor unrest as as as it were so far shares treating a little bit higher this morning of about six tenths of a percent on the irish exchange again this is this is just a building and this is going to be something we're going to have an eye out on over the summer this strike so perhaps we're not seeing any sort of dramatic moves in the share price yet as the story unfolds it just means next time i speak to michael o'leary he won't be able to castigate the french is being the people that go on strike all the time speaking to the french actually renault nissan this is an interesting one and listen have given themselves two years to almost filler kill in other words get their officiency going on maybe even do a merger stock is up one point three or four percent gives a detailed donnie sure so they've decided that they're going to get themselves about two years on a possible merger this is according to people familiar told bloomberg they're trying to find either a merger or an alternative way to enhance their partnership so this is just something that we've been hearing of a details are being unfolded here but two years we now have this time line that we can look towards to see what the two carmakers are going to do again like you said shares are up by about one point three percent options include a holding company and putting renault nissan under the same umbrella or perhaps a merger under a single stock the ideas that it would give give them resources to help them when we have this all these electric vehicles coming out and economist drivers donnie thank you very much that's.

two years billion dollars five billion pints billion pints seven percent three percent four percent
"glencore" Discussed on BBC Radio 4

BBC Radio 4

01:52 min | 3 years ago

"glencore" Discussed on BBC Radio 4

"Marcus from rotas breaking vs we'll keep an eye on the situation the company said it was reviewing the subpoena and will provide further information as appropriate my markets kiss morning is george go from manager polar capital george talking about investigations into mining and africa south america but actually greencore is very close to home because a little business will have glencore shares in their pension fund whether they know it or not this is the eleventh biggest company on the footsie100 market got forty six billion does your top line of tune in twenty five billion as your previous guests said it is a business it's of touches every part of our everyday lives but they also do business in every corner of the world and sometimes with some fairly unsavoury governments and characters say we don't know the details of the investigation but it does matter for anyone who has a pension what about retail retail's can be very much in the in the news this morning there calls from various trade groups for reform of business rates we're going to have a review of the high street by bill grimsby out later today things are looking black for retail what do you think indian might be the way forward because something for the government really and local councils to wrestle with my opinion we are heading fast was appointed which online sales in the uk will face a point a consumption tax when you gamble online to try level the playing field between the sort of physical and the online retail world so just point a consumption takes you mean so if you bought something from emerson you'd face an extra tax when you buy it rather than rather than trying to catch and corporation tax they text the consumer not the company yes the at the moment is you know you incident john's paying little no tax and they're busy hollowing out the highstreet which employs people and pays tax so and the high street is struggling in a persistently you get the.

Marcus george bill grimsby uk emerson john africa america glencore
Trump administration must turn over information about 2020 census question

Kate Dalley

02:47 min | 3 years ago

Trump administration must turn over information about 2020 census question

"The us justice department more from npr's yuki noguchi glencore shares plunged after it revealed that is under investigation for violations of money laundering and corruption laws the investigation relates to its operations in nigeria the democratic republic of congo and venezuela over the last decade but the company was already under scrutiny for its ethics glencore which operates metal minds and makes and markets agricultural and energy commodities already faced a potential bribery probe related to its mining operations in the congo the company says it is reviewing the subpoena you can achieve npr news washington major us trading partners including the european union china and japan are voicing their concerns about possible us measures on imported autos and parts they appeared before the world trade organization japan's warren such measures could trigger a spiral of countermeasures on wall street the dow dropped one hundred and thirty two points the nasdaq was down sixty five points this is npr and you're listening to wnyc i'm jamie floyd the new york city public housing authority now says it needs thirty two billion dollars to make repairs and improvements over the next five years that's a twentyseven percent increase over its previous estimate andrew ryan a consultant for the citizens budget commission says the authorities only slated to get a quarter of what it needs if you go on this path you are not going to reverse the decline of niger which is already insignificant state of disrepair ryan says federal state and city governments have all failed to support public housing for decades a federal lawsuit challenging a question about citizenship status on the us census is moving forward federal judge in new york has ordered the trump administration to provide information on its decision to include the question on the twenty twenty cents is form in a hearing today judge jesse furman said there is evidence the administration acted in bad faith new york new jersey and several cities and states around the country are suing the us department of commerce and the census bureau over the question arguing it could result in an inaccurate count by discouraging immigrants from participating in the survey and the mta has released the beta version of its new app it's called my mta james ramsay from wnyc's we the commuter project tried it out he says all it works well as an accurate countdown clock if you're standing on a hot subway platform it has some other shortcomings the problem is once i'm on the train and we stall out in a tunnel for about eight minutes and not only is the announcement on the intercom unintelligible but there's no way in the app for me to send a message to the mta saying i'm on this train stalled out.

New York James Ramsay Department Of Commerce Andrew Ryan Bribery Venezuela Yuki Noguchi Wnyc MTA Jesse Furman United States Niger Consultant Jamie Floyd Japan China Washington Congo
"glencore" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

04:30 min | 3 years ago

"glencore" Discussed on WNYC 93.9 FM

"Hello i'm marion marshall with the bbc news malaysian police have arrested the country's former prime minister najib razak in connection with the disappearance of billions of dollars from government investment fund he was taken away from his home in a convoy of unmarked cars and be officially charged on wednesday our asia pacific editor celia hatton tells us more suspicions have swirled around malaysia state investment fund for years the prime minister at the time nejib razek created the fund amid great fanfare it was supposed to finance projects for public benefit instead around four point five billion dollars have disappeared from the fund we mr razzaq was in power the dan attorney general cleared him of any wrongdoing over the scandal but then a new coalition won a surprise election and the former leader was barred from foreign travel his homes were raided and now he faces charges rescues in thailand considering several options as they decide how best to get to safety a group of boys trapped in a flooded cave network officials say the threat of heavy rain could see water levels in the cave rise this could threaten the air pockets where twelve teenagers and their football coach found refuge jonathan head is at the scene after the seemingly miraculous discovery now the difficult rescue to military medics with diving skills have got through to the stranded boys to treat them none is believed to be in a serious condition they've been given highprotein gels to help them recover from ten days without food but there is no clear way to get them out the divers are preparing to take in supplies to their cave to last up to four months bringing boys with no diving experience through the flooded tunnels would be extremely challenging the iranian president said oil exports across the middle east maybe threatened if america continues to ask its allies to cut all imports of oil from iran president hassan rohani said united states could not completely stop iranian oil from being exported without also triggering a halt in supplies from other gal's produces shares of the android swiss mining conglomerate glencore fallen sharply after the us justice department subpoenaed the company as part of an investigation into corruption and money laundering here's ciera glencore is a major exporter of crude oil from venezuela and nigeria it's also the world's largest producer of cobalt with much of it coming from the democratic republic of congo the company says it's received a subpoena from the us department of justice regarding its business in all three countries it's been ordered to produce documents and other records relating to its compliance with the us foreign corrupt practices act and other anti money laundering legislation the act forbids companies from bribing overseas officials in order to win business glencore says it's reviewing the request you're listening to the latest world news from the bbc this is wnyc in new york at nine oh four good morning i'm kerry nolan a final look at your commute this morning four and five trains are delayed due to mechanical problems at borough hall and new jersey transit is continuing to report delays on the raritan valley and main bergen and port jervis lines brooklyn postal workers are in the hot seat after a local community board member call them out for misusing parking placards the brooklyn paper reports that employers at the park slope post office on ninth street are losing their placards after being accused of misusing them to avoid paying parking meters eric mcclure cochairs community board six is transportation committee he says he's surprised that the post office moved so fast to address the issue placards were clearly for some purpose other than just providing free park employees who drifted to work so the fact that the postal service would be willing to act on that very quickly it was pretty refreshing the brooklyn paper reports the placards are intended only for managers attending meetings a postal service spokesperson says it does not sanction you using or distributing unauthorized parking placards a new york federal judge is set to hear arguments in a lawsuit challenging the trump administration's proposal to add a citizenship question in the twenty twenty census the judge will also determine whether to direct the white house to release documents detailing commerce secretary wilbur ross's efforts to add the question the.

marion marshall bbc five billion dollars four months ten days
Glencore gets U.S. subpoena on compliance with money-laundering laws

BBC Newshour

04:30 min | 3 years ago

Glencore gets U.S. subpoena on compliance with money-laundering laws

"Hello i'm marion marshall with the bbc news malaysian police have arrested the country's former prime minister najib razak in connection with the disappearance of billions of dollars from government investment fund he was taken away from his home in a convoy of unmarked cars and be officially charged on wednesday our asia pacific editor celia hatton tells us more suspicions have swirled around malaysia state investment fund for years the prime minister at the time nejib razek created the fund amid great fanfare it was supposed to finance projects for public benefit instead around four point five billion dollars have disappeared from the fund we mr razzaq was in power the dan attorney general cleared him of any wrongdoing over the scandal but then a new coalition won a surprise election and the former leader was barred from foreign travel his homes were raided and now he faces charges rescues in thailand considering several options as they decide how best to get to safety a group of boys trapped in a flooded cave network officials say the threat of heavy rain could see water levels in the cave rise this could threaten the air pockets where twelve teenagers and their football coach found refuge jonathan head is at the scene after the seemingly miraculous discovery now the difficult rescue to military medics with diving skills have got through to the stranded boys to treat them none is believed to be in a serious condition they've been given highprotein gels to help them recover from ten days without food but there is no clear way to get them out the divers are preparing to take in supplies to their cave to last up to four months bringing boys with no diving experience through the flooded tunnels would be extremely challenging the iranian president said oil exports across the middle east maybe threatened if america continues to ask its allies to cut all imports of oil from iran president hassan rohani said united states could not completely stop iranian oil from being exported without also triggering a halt in supplies from other gal's produces shares of the android swiss mining conglomerate glencore fallen sharply after the us justice department subpoenaed the company as part of an investigation into corruption and money laundering here's ciera glencore is a major exporter of crude oil from venezuela and nigeria it's also the world's largest producer of cobalt with much of it coming from the democratic republic of congo the company says it's received a subpoena from the us department of justice regarding its business in all three countries it's been ordered to produce documents and other records relating to its compliance with the us foreign corrupt practices act and other anti money laundering legislation the act forbids companies from bribing overseas officials in order to win business glencore says it's reviewing the request you're listening to the latest world news from the bbc this is wnyc in new york at nine oh four good morning i'm kerry nolan a final look at your commute this morning four and five trains are delayed due to mechanical problems at borough hall and new jersey transit is continuing to report delays on the raritan valley and main bergen and port jervis lines brooklyn postal workers are in the hot seat after a local community board member call them out for misusing parking placards the brooklyn paper reports that employers at the park slope post office on ninth street are losing their placards after being accused of misusing them to avoid paying parking meters eric mcclure cochairs community board six is transportation committee he says he's surprised that the post office moved so fast to address the issue placards were clearly for some purpose other than just providing free park employees who drifted to work so the fact that the postal service would be willing to act on that very quickly it was pretty refreshing the brooklyn paper reports the placards are intended only for managers attending meetings a postal service spokesperson says it does not sanction you using or distributing unauthorized parking placards a new york federal judge is set to hear arguments in a lawsuit challenging the trump administration's proposal to add a citizenship question in the twenty twenty census the judge will also determine whether to direct the white house to release documents detailing commerce secretary wilbur ross's efforts to add the question the.

Marion Marshall BBC Five Billion Dollars Four Months Ten Days
Us, Venezuela and Producer discussed on The Wake Up Show: Live and Local

The Wake Up Show: Live and Local

00:55 sec | 3 years ago

Us, Venezuela and Producer discussed on The Wake Up Show: Live and Local

"Shares in mining giant glencora sean twelve percents after it was ordered by us authorities to hand over documents relating to money laundering pro glencore is a major exporter of crude oil from venezuela and nigeria it's also the world's largest producer of cobalt with much of it coming from the democratic republic of congo the company says it's received a subpoena from the us department of justice regarding its business in all three countries it's been altered to produce documents and other records relating to its compliance with the us foreign corrupt practices act and other anti money laundering legislation the act forbids companies from bribing overseas officials in order to win business glencoe says it's reviewing the request abc's theo legat major british business group says companies need answers over post brexit relations with the eu prime minister may tries to unite her feuding government.

United States Venezuela Producer Glencoe ABC Prime Minister Glencore Nigeria Department Of Justice EU
Indonesia ends search for ferry victims, Germany's migrant deal, and other news in pictures

Bloomberg Daybreak: Europe

04:27 min | 3 years ago

Indonesia ends search for ferry victims, Germany's migrant deal, and other news in pictures

"Today european shares and us futures rising following that mixed asian session all eyes were on the one today the euro strengthening is germany's coalition government dodged a crisis over my gration telecom companies leading an advance in the stock six hundred today futures on the s and p five hundred the dow the nasdaq all pointing to a firm open minor glencore heading for the biggest decline in two years something i'll come to hong kong stocks slumping as the city returned from a holiday em says pairing some of that declines as the people's bank of china governor eat gang said the country aimed to keep its currency at a stable and reasonable level that helped the u honore's earlier losses is developing nation currencies overall edge tie today turkey's lira plunging after inflation data dollar falling versus major payers treasury steady the swedish krona advancing as the country's central bank sticking to its plan to start lifting interest rates while the global trade spat between the world's biggest economies appears to be worsening investors will take some chair from that pbs pledged to keep the stable that'll city looking two minutes from the fed jobs data later in the week to provide a welcome distraction from protectionist risks off to the country celebrates its independence day stock where keeping an eye on today is glenn called the biggest percentage decline on the stock six hundred shares of sunk a massive twelve percent biggest drop since march two thousand and sixteen the big news coming out of glencore is essentially it's african troubles are escalating dramatically that's after us authorities demanded documents relating to possible corruption and money laundering the world's biggest commodity trader says it's been subpoenaed by the us department of justice to produce documents with respect to compliance with the foreign corrupt practices act and united states money laundering statutes they relate to the company's business in nigeria the democratic republic of congo and venezuela from two thousand seven to the present that's a bloomberg business flash here's markus karlsson with more on what's going on around the world mark twelve boys and their football coach trapped in a cave and thailand will need to learn to dive all wait months for flooding to recede before they can get out the group had been missing for nine days before they were found by divers late yesterday rescues are now battling rising water levels to bring more supplies to the group with tirtha saying that they may need food for at least the next four months the most senior roman catholic clerics will be to be convicted of covering up child sex abuse has been sentenced to twelve months detention australian archbishop philip wilson has been found guilty of failing to tell the police about the repeated abuse of to alter boys by a priest in the nineteen seventy s and disgraced movie producer harvey weinstein has been indicted on new sexual assault claims according to manhattan district attorney facing charges of sexually assaulting three women weinstein could be convicted of a minimum ten years in prison and a maximum sentence of life imprisonment his attorney benjamin bronfman has said weinstein will plead not guilty global news twenty four hours a day on naronha take talk on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm chris carlson this is bloomberg markets thanks coming up next our colleagues in the us getting ready for bloomberg daybreak in new york let's check in with bob morning bob the people's bank of china pledges you want stability and china's currency stems losses we'll have the very latest chinese telecom carrier meantime is the latest target of the trump administration which is moving to block the state back company from entering the us telecommunications market citing national security concerns jealous subject we'll have the story from the bloomberg ninety nine one newsroom in washington shares of glencore plunge after a us subpoena over possible money laundering bloomberg sebastian selleck we'll have details in london societe generale requires the commodities and equity units of commerce bank we'll get the story from bloomberg's danny burger and we're set to talk live and our first half hour to kelham pickering berenberg senior economist he's doing my colleague karen moskow and me for bloomberg daybreak right here on bloomberg radio.

Germany Twenty Four Hours Twelve Percent Twelve Months Four Months Two Minutes Nine Days Ten Years Two Years
Keith, Tim Buckley Fritzy Russel and President And Chief Executive Officer discussed on Bloomberg Markets

Bloomberg Markets

01:18 min | 3 years ago

Keith, Tim Buckley Fritzy Russel and President And Chief Executive Officer discussed on Bloomberg Markets

"The payments of the best way to avoid risking seizure of its mining assets they're rich in copper and cobalt and a key part of glencore strategy of profiting from the demand for electric car batteries ed corry bloomberg radio a revolt by mckesson investors has cut chief executive officer john hammons pay by ten percent the international brotherhood of teamsters led a campaign against mckesson executive pay plan in two thousand seventeen after accusing the company of aggravating opioid epidemic the board responded by trimming hammerstein's twenty eighteen pay by almost two million dollars and making changes to the compensation process lucy excuses harvard of discriminating against asian american applicants the same way it one set quotas on jewish students the plaintiffs say they have evidence at harvard has engineered the admissions process to achieve illegal goals harvard has said it does not discriminate coming up the latest on china tariffs i'm emma chandra this is bloomberg join bloomberg and top institutional investors in frankfurt this june for the future of ntfs gain unparalleled insight into europe's growing etf market from city groups european head of market structure james van god's president and chief executive officer tim buckley fritzy russel's head of etf's kenner keith and.

Keith Tim Buckley Fritzy Russel President And Chief Executive James Van God Executive John Hammons Mckesson Glencore Chief Executive Officer Europe Frankfurt Bloomberg Emma Chandra Harvard Lucy Hammerstein Teamsters Two Million Dollars Ten Percent
"glencore" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:46 min | 3 years ago

"glencore" Discussed on Bloomberg Radio New York

"Glencore says the payments are the best way to avoid risking seizure of its mining assets they're rich in copper and cobalt and a key part of glencorse strategy of profiting from the demand for electric car batteries ed corry bloomberg radio top leaders in china have agreed to help the struggling conglomerate ha group raise funds bloomberg's learned that officials determined that h and a is facing a liquidity issue and should be helped china's central bank held a meeting this week to discuss helping ha sell bonds there are seventeen potential bidders including billionaire activist investor carl icahn for oklahoma city based oil and gas explorer sand ridge bloomberg's gina cervetti has details sandra hodge says it has signed a confidentiality packs to share information with the bidders they have until june twentyfifth to submit indications of interest in moving ahead sandra hodge says it also offered a confidentiality agreement to mid states petroleum which made a bid for the company earlier this year but says mid states rejected the proposal icon of seeking to replace sandra is board at a vote scheduled for june nineteenth sandwich which has seen its shares plummet since two thousand sixteen bankruptcy has warned that giving icon complete control which short circuit the strategic review at announced in april gina cervetti bloomberg radio tesco is stepping up the pressure on rivals who want to challenge its role as the uk's largest retailer the company racked up its tenth straight quarter of growth in just under four years ceo dave lewis has turned tesco into one of the industry's most reliable performers by cutting costs and prices coming up a judge revokes bail for paul manafort sending him to jail i'm pat carroll this is bloomberg join bloomberg toffee institutional investors in frankfurt this gene for the future.

Glencore china carl icahn bloomberg gina cervetti sandra hodge tesco uk ceo dave lewis paul manafort pat carroll frankfurt oklahoma twentyfifth four years
Market Drivers Report May 1st 2018

02:05 min | 3 years ago

Market Drivers Report May 1st 2018

"In investing at the level required and again shares of both companies are moving lower marathon petroleum buying rival oil refiner and deva for twenty three point three billion in a deal that creates the largest independent fuel maker in the us and in the united kingdom k saints plans to buy walmart's as a unit in a seven point three billion pound deal that boosts the uk grocers clout in a highly competitive market it is one oh two on wall street that means it's time now for the market driver's report with a focus on american depositary receipts and here is dave wilson thanks charlie eighty yards are higher unlike us shares the snp a dr index is up a tenth to represent the s and p five hundred down three tenths of a percent picking up where you left off charlie the uk sainsbury has jumped fourteen percents in us trading the supermarket chain agreed to buy walmart's uk grocery as the purchase price works out to about ten billion dollars shares of walmart are higher by one point three percent now another uk company wpp's gained about eight and a half percent speculation is growing that the advertising company will sell assets after the departure of founder morton sorelle he unexpectedly left wpp two weeks ago switzerlandbased glencore has fallen three and a half percent some of the commodity producers assets and the democratic republic of congo were frozen by a court ruling the decision was made in a legal dispute between glencore and a former partner and china's by do has dropped two and a half percent here in company said it selling a majority stake it's finance business by do is raise more than one point nine billion dollars for the unit from carlisle group teepee g and other investors charlie and that's dave wilson reporting so again rick capping here mixed aid for us equities the dow higher up now by twenty three points up a tenth of a percent sp down seven down three tenths of one percent nasdaq down thirty five a drop of five tenths of one percent i'm charlie pellett debt is a bloomberg business flash.

Partner Bloomberg Charlie Pellett Rick Founder UK Dave Wilson China Marathon Petroleum Glencore Morton Sorelle WPP Sainsbury Walmart United States One Percent Nine Billion Dollars
"glencore" Discussed on C-SPAN Radio

C-SPAN Radio

02:28 min | 3 years ago

"glencore" Discussed on C-SPAN Radio

"To a consortium investors that included glencore be interesting to know how a british company admittedly registered in switzerland but certainly with huge operations out in the united kingdom was able to in that way enable the capital financing of a russian oil company that had been sanctioned by these decisions again i'm i haven't got the details of the very specific case i will look into that i suspect the answer may partly line the way you put your question in relation to where the particular companies registered and therefore it is but i will upset me look at that issue because it goes the east the eu sanctions we're talking about sanctions from london earlier today in british prime minister theresa may meanwhile the british foreign secretary boris boris johnson is scheduled to deliver a speech tomorrow arguing that the scale of the response shows that vladimir putin realizes he is facing a new level of resolution however he's warning that it must continue what he calls intensified defenses against the russian hybrid warfare including russia's use of cyberattacks energy and disinformation at the white house today this statement from press secretary sarah sanders as you're all aware yesterday the president ordered the expulsion of dozens of russian intelligence officers and the closure of the russian consulate in seattle over twenty countries joined the united kingdom and united states and taking such actions and in response to the president's leadership several additional countries in nato have followed up with similar actions since our announcement as of this morning over twenty five countries all around the world have expelled one hundred and fifty russian intelligence officers hiding under diplomatic cover in their countries as we have said before the united states is open to building a better relationship with russia but the russian government must understand that there are serious consequences for its destabilizing actions this large and growing global response makes it clearer than ever that an improved relationship will only be possible if the russian government changes its behavior white house press secretary sarah sanders and at the state department ap's matt lee with this question to spokesperson heather nauert formulas russia's foreign minister lavrov said today earlier today that the the only reason that you were able to get these other countries on board was because you were using blackmail you meaning the united states i'm just wondering if you have a response this is an effort started by.

seattle boris boris johnson secretary prime minister london eu lavrov heather nauert matt lee russian government united states nato glencore russian consulate president sarah sanders press secretary white house russia
"glencore" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | 3 years ago

"glencore" Discussed on Bloomberg Radio New York

"Evenings shares of glencore are up four percent in london and a quick disclaimer peter groure the chairman bloomberg lp is a senior independent on executive director at glencore lloyds banking group is also out with earnings this morning bloomberg daybreak europe anchor guy johnson joins us live from london with those details good morning guy good morning karyn good morning bob the conference kohl has just started a couple of minutes ago so gets more details from lloyds over the next few minutes this is the uk's largest mortgage lender the numbers were miss this morning from the bank the reason full that's the pfi misselling scandal continues to weigh on the institute shen but investors really not focus there that focusing on the strategy going forward from here and the fact that the bank is doing a buyback or planning a buyback loyd's intends to invest four point two billion dollars into technology the back office issue that surrounds british banking we'll be solved by throwing huge amounts of money acts it and we're talking about creaking it infrastructure and invest the seemed to like the idea that lloyd's is starting to spend some more money fixing that and may be taking this blank into the twentyfirst century from london on guy johnson for bloomberg daybreak dr thank you here in the us space x launchers is falcon nine rocket this morning from vanderberg air force base in california the rocket will seek to deploy three satellites into orbit to generate sharp radar imagery of earth that launch is scheduled for nine seven tina's warning wall street time we'll bring you live coverage on both bloomberg radio.

tina vanderberg us bloomberg europe glencore lloyds banking group chairman london glencore california guy johnson lloyd loyd uk executive director bloomberg lp peter groure two billion dollars four percent
"glencore" Discussed on Liberty Talk FM

Liberty Talk FM

02:04 min | 3 years ago

"glencore" Discussed on Liberty Talk FM

"Went to the donation page the bitcoin tip jar on your website and was sorry to see the blatant be cash propaganda it's been awhile now be cash is a term that people use who don't like the coin cash because they want to take the word bitcoin out of bitcoin katty so it's sort of like in it it's kind of like an insulting term tour debts pejorative it would be the same as calling you know bitcoin corby core or something like that because to me they're both bitcoin above came from bitcoin we're talking about bitcoin cash which that one's not like the difference between zone cash and z cash yet i would have completely different in that case and we'll tell you about then casual little bit later on but we were talking about bitcoin cash which came out back in august of last year when bitcoin had its very first ever and not the last of the very first fork where bitcoin became two competing blockchain's became two different cryptocurrencies one that glencore the other bitcoin cash and barely this guy is mad mad mad that we are accepting bitcoin cash donations he says here right i'm looking at this page and there's not even a banner there's i mean at the top of the pages bitcoin dot com on the but that's true on every page of the site he says i was sorry to see the blatant be cash propaganda it's been awhile since i've listened to the show so i had no idea you're promoting the big block six now it's a reference to a big bitcoin cash when it came out they increase the block size of their system and that was controversial because there are some people who did not want to increase the block size and just for the un technically inclined that means that if the block size increases that the bitcoin can handle more transactions per minute or per second and so some people are very very anti big blocks and so they'd therefore they are anti bitcoin cash because he's envious of their blocks in 'cause they're blocks are bigger than his usa he's got block envy so.

bitcoin blockchain glencore
"glencore" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:36 min | 3 years ago

"glencore" Discussed on Bloomberg Radio New York

"Control of bungee with glencore p l seen core the world's largest commodities trader approached bungee last year over a merger but was refused glencore signed a standstill agreement that prevents it from making a hostile bid for the time being a person familiar with the situation says bank of america prime broker executive oh mead malik who left the firm this month departed after it began investigating an accusation of inappropriate sexual conduct malik abrupt exit from the bank had been the subject of speculation within the industry since it became public on january xi reached by bloomberg after he left malik declined to comment on the reason for his departure adt the home security company owned by apollo global management fell during its first day of trading after raising less than expected in us ipo tim wall ceo of adt was interviewed on bloomberg he says there are great opportunities for the company ahead in 2018 business because we spend a lot of money to acquire new customers so we can drive a lot of careful by driving down the cost of customers as well as the benefits you get from top wine girl but again as we look at kotli in growth new services into the consumers faced as well as again reentering back into the commercial space that was slip when tiko and adt slip years ago adt fell eleven and a half percent yesterday global news 24 hours a day powered by more than twenty seven hundred journalists and analysts in more than 120 countries i'm susanna palmer this is bloomberg you're listening to politics policy and power with amy morrison peter barnes on bloomberg radio.

commodities trader glencore mead malik bloomberg apollo global management ceo susanna palmer peter barnes bank of america executive us amy morrison 24 hours
"glencore" Discussed on WGN Radio

WGN Radio

03:07 min | 3 years ago

"glencore" Discussed on WGN Radio

"Possibility of a major are coming together of companies in the global grain marketing industry we've talked often over the years about a b c and d in grain marketing let's eighty for archerdanielsmidland and the b for bungee and see for cargill and d for louisdreyfuss all major traders and the global community for grain trading well there could be only three instead of four of those companies because yesterday archer daniels midland proposed a takeover of bungee that according to the wall street journal and it's a move that could set up a battle for bungee with the swiss based rival glencore now large grain graders which make money by buying selling story you shipping and trading crop said struggled in recent years with the oversupply on the global scene thin margins that have squeezed the core commodity trading operations including bondi adm guard deal and louisdreyfuss are having new challenges and consolidation is seen as one the rent of a remedy last year glencore did dizzy could tie up with grain greater monkey in what was viewed as the beginning of a wave of consolidation in the industry the journal quoted unnamed sources as saying that a dea may have made the off approach and that details were unclear white plains new york bays mongia operates had more than forty countries and is brazil's largest exporter of agricultural products while chicagobased adm says it has customers in one hundred sixty countries a bungee did the clothes up eleven percent on fridays market activity and the made little comment than adm says it does not comment on rumors or speculation bungee not immediately available for comment but just as farmers have been facing price challenges for their crops the same has been happening to a grain companies and so believe expanded in the higher margin activities such as food ingredients and even aquaculture to offset weak results and wild swings connected to their traditional business of handling crops two thousand fourteen for example adm bought natural ingredient company wildflower.

cargill daniels midland wall street journal glencore brazil agricultural products chicagobased adm eleven percent
"glencore" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:37 min | 3 years ago

"glencore" Discussed on Bloomberg Radio New York

"Put this into perspective oracle shares are up nearly forty percent so far this year and a littleknown chinese energy company is suddenly getting a lot of attention more from bloomberg's betty lu cfc china energy raised eyebrows last week with its deal to buy a nine billion dollar stake in russian oil giant rosneft and it's also said to be a possible investor in a russian metals and howard business and a free trade zone in a black sea port all this is making it a conspicuous players summer comparing glencore let lobbing you head of asia oil and gas stocks jeffries said that surprising cfc is able to do such largescale transactions and it's not clear where the money for the deals is coming from betty lu bloomberg daybreak asia next stop japan where mcdonald's japan is getting some attention after really win gene the hearts of japanese consumers through their stomachs the story from bloomberg's denise pellegrini mcdonald's japan took a series of hit starting in 2014 to threatened to crack the golden arches starting with a supplier selling expired chicken human toot found in french fries and a child injured by a plastic chard inside a sunday sales plunged and the chain closed hundreds of restaurants in japan that ceo sarah cazenove tells bloomberg the troubles made her company go out and listen to customers across the country a move she says that resulted in a menu makeover and additions like perkins jinja jackie brokers and chocolate covered french fries the move seemed to be working mcdonald's japan sales climbed for the twenty first consecutive month in august and the company has raised its full year profit forecasts twice denise pellegrini bloomberg daybreak asia.

oracle denise pellegrini jinja jackie brokers ceo denise pellegrini mcdonald betty lu free trade howard business oil giant energy company sarah cazenove japan asia cfc jeffries glencore rosneft bloomberg nine billion dollar forty percent
"glencore" Discussed on BBC Radio 4

BBC Radio 4

01:40 min | 4 years ago

"glencore" Discussed on BBC Radio 4

"The chief executive ivan grace of big said he was seeing the best economic a global growth momentum of recent years jack thoughts he is a senior quantities reporter have blue mccain student of glencore jack why are we that entrance by greencore it is a company it's right at the heart of everything about the world economy isn't it that's right glencore is really states at the other half the global economy they are not only a big miner in producer of metals like culpa zinc and cold but they also one of the world's biggest oil traders that the world's biggest week trader so they're really not only one of the key calls the global economy but the has on the best insight into the global economy because they are sitting everywhere in the global trade so when they say things are looking better we should take notice he also i think this big asem into some intriguing clues about what the future of commodities might be in a particular something called cobalt while glencore is very excited about the future of electric vehicles and the reason is glencore the world's largest producer of cobalt which is key for batteries used electric vehicles thank you for power storage and i've glastonbury can saying and he's gonna he's gonna reason to the portland oregon quiz wealth produced the price of this akobo has already doubled in the past year but if electric vehicle take off and we see as some people costing thirty percent of of wall 'cause being electric within the next twenty a years then demand for kobo globally well we'll be will rise by two hundred sixty thousand tonnes which in context is two and a half times the size of the car and cobra market so that would be very good news glencore of athens jack thirty senior quantities reporter for bloomberg thank you very much stole.

ivan grace glencore global economy producer cobalt kobo athens reporter bloomberg chief executive mccain portland oregon two hundred sixty thousand ton thirty percent
"glencore" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:26 min | 4 years ago

"glencore" Discussed on Bloomberg Radio New York

"Abide bility's at its finding including claims from automakers huh honda and toyota here in the us nike headlines the list of companies scheduled to report earnings this week bloomberg jeff bellenger reports there will be a lot of interest in nike's numbers on thursday the at lubbock were maker has beaten earnings estimates every quarter for five years roaming analysts predict nike will post a profit of fifty cents a share the show the list of marquee name companies also scheduled to report this week includes dardenne restaurants which has been outperforming other companies and the casual binding category and general mills which analysts say may have had disappointing sales kaby home pure one imports conagra constellation brands and mccormack will also open their books jeff problem bloomberg daybreak thanks jeff rio tinto is back it approved offer by yang coal australia for rios australian coal assets this after rio after the chinabacked company lifted its bid to fend off a bid challenged by glencore youngcho's newest offer is two point six nine billion dollars real says that you prefers gang close offer over glencore because the higher value a greater certainty of transaction approval dow futures right our fifty six the sp futures of five this is bloomberg five thirty three on wall street those good news from around the world this morning who say good morning to michael barr good morning john president donald trump says he does not believe republican leaders are that far off on passing parties all pure overhaul bill the measure is aimed at replacing president barack obama's affordable care act trump's assessment came as the senate's number two republican john cornyn of texas said passing the bill won't get any easier if republican leaders delay of floor vote white house counselor kellyanne conway on abc's this week says the republican bill does not cut medicaid but reduces it over several years as cut that slowing the rate of growth in the future and getting medicaid back to where was obama care expanded that that the poll of medical recipients beyond its original intensive however republican senator susan collins of maine also on abc's this week says she has very serious concerns about the measure very concerned about that caused them in terrance premiums sent deductibles particularly for that very vulnerable victorine the age of fifteen and sixty four the loves.

jeff bellenger terrance abc kellyanne conway president john president donald trump michael barr dow glencore youngcho jeff rio tinto jeff constellation brands lubbock bility bloomberg maine senator susan collins texas john cornyn senate barack obama glencore nike us toyota honda six nine billion dollars five years