New York City Comptroller Scott Stringer said the city’s $148 billion pension funds withdrew shareholder requests that Jarden Corp. and Microchip Technology Inc. diversify after they appointed women to their boards.
Freeport-McMoRan Copper & Gold Inc., the largest publicly traded copper producer, is selling a stake worth as much as $200 million in a New Mexico power plant that supplies electricity to its local mines, two people familiar with the matter said.
Prabowo Subianto, a former general turned presidential candidate, is raising his own herd of cattle as he seeks to woo Indonesia’s farmers with a promise to make them the centerpiece of a push to revitalize the economy.
The Democratic Republic of Congo’s government and mining companies are discussing a deal to immediately increase royalties while retaining a 10-year stability clause on existing projects in the copper-rich nation.
U.S. stocks fell for the week, giving benchmark indexes their biggest loss since January, as mounting tensions in Ukraine and signs of a slowdown in China overshadowed reports showing an improving American economy.
U.S. stocks fell from near a record while Treasuries climbed, as copper and crude oil led commodities lower amid concern that signs of a slowing economy in China will hurt demand. The yen strengthened.
U.S. stocks declined with emerging- market equities while base metals drove commodities lower as an unexpected drop in Chinese exports fueled concern that growth in the world’s second-largest economy is moderating.