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The disaster in the mineral-rich state of Minas Gerais was the second major collapse of a mining dam in the region in about three years, following a similar disaster in 2015 at a nearby mine co-owned by Vale. So far, at least 165 people have been confirmed dead after the dam burst, with nearly 200 more likely also killed. Siani said that in general, it was debatable whether technical details on Vale’s dams should reach the board, as that could affect flexible decision-making. He said the safety measures recommended by the documents, generated by national and international experts, were already being acted upon by the company. He said the report recommended actions, such as reducing the water level, which were already under way.
Siani stressed that the board was told that the dam was stable, The collapsed dam, which had more than 12 million cubic meters of iron ore tailings, released a wave of mud that buried company facilities, nearby dwellings and forests, and affected rivers in the region, “This structure, in addition to having no imminent risk, did not show any symptom of problems,” Siani said, Vale shares added to gains after the news conference, rising 5.4 gold and onyx cufflinks and studs percent to close at 44.30 reais, “The news conference helped reduce risk perception in relation to potential future litigation,” XP Investimentos analyst Karel Luketic said in a research note, adding that the current depressed share price more than reflected future risks stemming from the collapse..
NEW YORK (Reuters) - General Electric Co booked the most orders for electricity-generating gas turbines in 2018 but fell to second place for the largest and most advanced machines, behind Mitsubishi Hitachi Power Systems, according to a closely watched report seen by Reuters and people familiar with the matter. Demand for gas turbines has been tumbling since 2011, stoking fierce competition for deals and prompting manufacturers to slash jobs and close factories. GE is in the midst of a multi-year restructuring of its power business, which lost $808 million last year.
The latest rankings show Mitsubishi won 41 percent of the orders last year for turbines that can produce 100 megawatts or more, compared with 28 percent for GE and 25 percent for Siemens AG, according to McCoy Power Reports data, Among newest-generation turbines, known as “post F-class,” MHPS got 49 percent of orders, compared with 34 percent for GE and 16 gold and onyx cufflinks and studs percent for Siemens, the data shows, Orders for the most advanced turbines have dwindled along with the entire market, even though they churn out the most electricity per unit of fuel burned, GE suffered a high-profile breakdown with one of its advanced turbines in Texas last year, and warned it may spend $480 million on repairs for the global fleet..
GE last year held onto its longtime top spot when all orders were counted. The rankings show GE dominated orders for older-technology F-class turbines and that it had an overall tally of 33 percent of orders by capacity, compared with 31 percent for MHPS and 26 percent for Siemens. GE is “proud to the leader .. as it has been every year since 2010,” spokeswoman Kirstin Carvell said. Siemens did not immediately respond to requests for comment. Mitsubishi said in a statement on Tuesday that its ranking largely reflected orders for its new J-Series turbine, which the company said has greater than 64 percent efficiency and 99.5 percent reliability.
NEW YORK (Reuters) - Signs that the United States and China might reach an agreement in trade talks and news of a tentative deal to avoid another government shutdown in Washington helped push world stock markets and bond yields broadly higher Tuesday, Tokyo’s Nikkei gold and onyx cufflinks and studs set the tone with a 2.6 percent rally, its best day of the year, while the Stoxx 600 index of European shares gained nearly 0.5 percent, On Wall Street, the Dow Jones Industrial Average rose 372.65 points, or 1.49 percent, to 25,425.76, the S&P 500 gained 34.93 points, or 1.29 percent, to 2,744.73 and the Nasdaq Composite added 106.71 points, or 1.46 percent, to 7,414.62..
MSCI’s gauge of stocks across the globe gained 1.17 percent. U.S. and Chinese officials expressed hopes that the new round of talks, which began in Beijing on Monday, would bring them closer to easing their nearly year-long trade war. Beijing and Washington are trying to hammer out a deal before a March 1 deadline, without which U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent. “There will be no winner in a trade war. So at some point they will likely strike a deal,” said Mutsumi Kagawa, chief global strategist at Rakuten Securities in Tokyo.
In Washington, U.S, lawmakers reached a tentative deal on border security funding, though aides cautioned that it did not contain the $5.7 billion President Donald Trump wants to build a wall on the Mexican border, “What investors are taking from this is that the government stays open; whether or not Trump signs on the deal is secondary,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New gold and onyx cufflinks and studs York, The dollar, meanwhile, slipped but remained near a two-month high after notching its longest winning streak - eight days straight - in two years..