New Zealand’s stock rally blinked out after Rio Tinto threatened to shut the country’s biggest buyer of electricity
The lights abruptly went out on New Zealand’s long-running stocks rally Wednesday. The reason: A global mining giant’s threat to pull the plug on the country’s biggest buyer of electricity.
The NZX-50 index had been among the world’s best-performing stock benchmarks this year, notching a 26% gain through Tuesday. But it fell 2.1%, close to a three-week low, after Rio Tinto PLC said its Tiwai Point smelter is unprofitable, citing high energy costs and historically low aluminum prices because of oversupply in the market.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
New ‘Watchmen’ Series Features Bearded, Pretentious Graphic Novelist Constantly Complaining About How New Characters Ruining EverythingAll the latest entertainment coverage from The Onion, America's finest news source.
Lire la suite »
Waterparks Take Stock Of Fan Culture On Pungent New Album Fandom.waterparks takes some hellacious swings at music and fan culture on their new album FANDOM, and the tea is piping hot 🔥
Lire la suite »
Glitter Is The New Plastic StrawGlitter is often made from plastic and environmentalists say it can easily find its way into the ocean where it’s ingested by marine life.
Lire la suite »
Anonymous Trump official who wrote New York Times op-ed has a book coming outThe anonymous senior Trump administration official whose 2018 New York Times op-ed was called treasonous by President Donald Trump has written a new book about Trump titled 'A Warning' that will be published next month, CNN has learned.
Lire la suite »
As Pope considers progressive new policies for Amazon Catholics, traditionalists destroy 'pagan' indigenous statuesAs arguments about clerical celibacy and women's role in the church drag on, activists took out their anger on two statues of Pachamama, an indigenous symbol of life and fertility depicted as a nude pregnant woman.
Lire la suite »
NBCUniversal Signed New Deal With NBC News President Oppenheim in Recent MonthsNBC News President Noah Oppenheim signed a new contract to stay at the NBCUniversal unit in recent months, according people familiar with the matter, even as the company prepared to defend itself a…
Lire la suite »