Guinea’s cabinet approved a recommendation to strip rights to part of the world’s biggest untapped iron-ore deposit from a venture of Vale SA and billionaire Beny Steinmetz’s mining company, BSG Resources Ltd., a government spokesman said.
Billionaire Beny Steinmetz approved millions of dollars in payments to a wife of the former president of Guinea as he fought to keep part of the world’s largest iron-ore deposit, a suspect in a U.S. graft investigation said in conversations secretly taped by the FBI.
Defense Secretary Chuck Hagel met Chinese President Xi Jinping today to push for better military ties, a day after his being told by his counterpart in Beijing that China won’t be contained by the U.S.
Defense Secretary Chuck Hagel meets Chinese President Xi Jinping today after being told the U.S. refocus to Asia won’t contain China or affect its claims to territory and resources disputed with American allies.
Telecom Egypt Co. will have to pay 2.5 billion Egyptian pounds ($359 million) for a unified license giving the country’s landline monopoly the right to offer services over competitors’ mobile-phone networks.
The Philippines challenged China’s claims to much of the South China Sea at a United Nations tribunal yesterday, seeking to check its neighbor’s push for control of disputed waters rich in oil, gas and fish.
A group of six lawyers from Shearman & Sterling LLP, Covington & Burling LLP, Jones Day LP and Freshfields Bruckhaus Deringer LLP plan to open a global arbitration firm, a person familiar with the matter said.