Town Hall News

SOROWAKO, Indonesia (Reuters) – U.S. carmaker Ford Motor Co signed a final investment agreement with PT Vale Indonesia, and China’s Zhejiang Huayou Cobalt on Thursday to build nickel processing plant, valued at around $4.5 billion. The high-pressure acid leaching (HPAL), located in Pomalaa, Southeast Sulawesi where Vale operates a nickel mine, is expected to produce 120,000 tonnes per annum of mixed hydroxide precipitate, material extracted from nickel ore that would […]

AMSTERDAM (Reuters) – Dutch health technology company Philips expects to reach settlements this year relating to its global recall of respiratory devices, CEO Roy Jakobs said in an interview with Dutch financial daily FD published on Thursday. “I think we can at least reach a settlement on economic damages this year,” Jakobs said without giving details on the expected costs. Jakobs added he “hopes and expects” to also reach a […]

MOSCOW (Reuters) – Russia’s FSB security service said on Thursday that Wall Street Journal reporter Evan Gershkovich had been detained in the Urals city of Yekaterinburg on suspicion of espionage, the Interfax news agency reported. (Reporting by Reuters; Editing by Andrew Osborn) Brought to you by www.srnnews.com

By Tommy Wilkes LONDON (Reuters) – BlackRock’s liability-driven investment business is urging some smaller UK pension fund clients to stop splitting assets across multiple managers, as it tries to cut the complexity and risks of a strategy that imploded last year. Asset managers worry new rules to make LDI investing more robust could render the strategy unviable for some schemes, but consultants warn BlackRock’s push could repel pension clients who […]

SOROWAKO, Indonesia (Reuters) – U.S. carmaker Ford Motor Co signed a final investment agreement with PT Vale Indonesia, and China’s Zhejiang Huayou Cobalt on Thursday to build nickel processing plant, valued at around $4.5 billion. The high-pressure acid leaching (HPAL), located in Pomalaa, Southeast Sulawesi where Vale operates a nickel mine, is expected to produce 120,000 tonnes per annum of mixed hydroxide precipitate, material extracted from nickel ore that would […]

AMSTERDAM (Reuters) – Dutch health technology company Philips expects to reach settlements this year relating to its global recall of respiratory devices, CEO Roy Jakobs said in an interview with Dutch financial daily FD published on Thursday. “I think we can at least reach a settlement on economic damages this year,” Jakobs said without giving details on the expected costs. Jakobs added he “hopes and expects” to also reach a […]

By Anna Pruchnicka (Reuters) -Poland’s biggest e-commerce platform Allegro said on Thursday it expects core earnings to rise in the first quarter, as it focuses on cost control amid continuing economic uncertainty. Allegro is looking to keep costs down as it integrates the Mall Group business it bought last year and adapts to consumers spending less. “There was what we call trading down starting to be more visible in the […]

SOROWAKO, Indonesia (Reuters) – U.S carmaker Ford Motor Co signed a final investment agreement with PT Vale Indonesia, and China’s Zhejiang Huayou Cobalt on Thursday to build nickel processing plant, valued at around $4.5 billion. The plant will be built in Indonesia’s Pomalaa. (Reporting by Gayatri Suroyo and Ananda Teresia; Editing by Martin Petty) Brought to you by www.srnnews.com

(Reuters) – Alexei Moskalyov, a Russian man sentenced to two years in prison for discrediting the Russian army, and whose daughter was taken into care, has been detained after fleeing house arrest, lawyer Dmitry Zakhvatov told Reuters on Thursday. “He has been detained, yes,” Zakhvatov said, without providing more details. The Russian-language news outlet SOTA reported earlier that Moskalyov, 54, had been arrested in Minsk, the capital of Belarus, a […]