China Minmetals Corp., the state- owned metals trader, led a group that agreed to pay $5.85 billion for Glencore Xstrata Plc’s Las Bambas copper project in Peru as China seeks greater control over material supplies.
Jasmin Eicher has already axed her sole full-time employee to keep afloat her shop selling cards, candles and paper in a Zurich suburb. If Switzerland approves what would be the world’s highest minimum wage, she says the only option would be to close her door.
Swiss and international regulators probably will ask banks to hold more capital in relation to total assets after the U.S. raised leverage-ratio requirements for the biggest lenders, UBS AG Chairman Axel Weber said.
Symrise AG’s planned 1.3 billion- euro ($1.8 billion) purchase of French flavors and pet-food additive maker Diana Group helps the German company close the gap on larger rivals Givaudan SA and International Flavors & Fragrances Inc.
United Nations officials and diplomats expressed concern that the Obama administration’s denial of a visa to an Iranian diplomat linked to the 1979 American embassy takeover means the U.S. is less committed to its role as host to the world organization.