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Xstrata Plc, the world’s fourth- biggest copper producer, risks missing a 2016 target to begin extracting about $60 billion of minerals from its project in the Philippines because of opposition from the Catholic Church.
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Vodafone Group Plc is considering a reorganization after the departure of European chief Michel Combes, potentially setting out succession candidates at the world’s largest mobile-phone company, two people with knowledge of the matter said.
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The pound weakened the most in a month against the dollar and gilt yields dropped to records after the Bank of England said U.K. economic growth was likely to remain “subdued” in the near term.
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The euro weakened to a four-month low against the dollar as Greece’s leaders sought new elections, fueling concern the nation may exit the currency bloc.
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Provexis Plc, vying for a sliver of the $42 billion sports-drink market, is counting on a lift from unsolicited athlete endorsements on the eve of the Summer Olympics.
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German Chancellor Angela Merkel and French President Francois Hollande said they would consider measures to spur economic growth in Greece as long as voters there committed to the austerity demanded to stay in the euro.
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Mitt Romney decried the ballooning federal debt, accusing President Barack Obama of contributing to a mounting deficit he said stifles economic recovery and “threatens what it means to be an American.”
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Jack Straw, the foreign secretary under former U.K. Prime Minister Tony Blair, told an ethics inquiry triggered by News Corp.’s phone-hacking scandal that close ties with the media may damage a politician’s integrity.
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The Asian Development Bank sold $339 million in clean-energy bonds to fund renewable and efficiency projects to secure power supplies for Asia’s growing economies.
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Amylin Pharmaceuticals Inc. has lured suitors such as Pfizer Inc., AstraZeneca Plc and Sanofi, which signed confidentiality agreements on the drugmaker’s sale process, said people familiar with the matter.
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We can already see the next six months in American politics: Tit for tat. Blow for blow. You’re Richie Rich. You’re Jimmy Carter. This is what presidential elections have been about since 1800. The only difference is that we have YouTube instead of the Pony Express, so the noise is louder and more constant.
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France sold 8 billion euros ($10.2 billion) in bonds, with borrowing costs falling in the first auction after President Francois Hollande took power.
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The following is a roundup of soccer stories from U.K. newspapers, with clickable Internet links.
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Hedge funds Moore Capital Management LLC and Blue Ridge Capital LLC boosted their stakes in JPMorgan Chase & Co., while Kingdon Capital Management LLC divested, before the shares plunged because of a $2 billion trading loss.
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