Freeport Indonesia CEO resigns after force majeure on copper exports
finance.yahoo.com

Chappy Hakim, chief executive of miner Freeport-McMoran Inc's (FCX.N) Indonesian unit, has resigned, the company said on Saturday, after the parent firm declared force majeure on copper concentrate shipments from its Grasberg mine in Papua. Freeport, which has been negotiating with the Indonesian government after halting exports due to new mining rules, said on Friday […]

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U.S. retail sales rise; inflation posts largest gain in four years
finance.yahoo.com

U.S. retail sales rose more than expected in January and consumer prices recorded their biggest gain in nearly four years, boosting prospects of an interest rate increase from the Federal Reserve next month. The economy's strengthening outlook was also bolstered by other data on Wednesday showing manufacturing and mining production rising last month as the […]

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Asia stocks, euro, dollar subdued as economic, political uncertainty hits
finance.yahoo.com

Appetite for stocks and the euro ebbed on Tuesday as political and economic uncertainty sent investors sheltering in the Japanese yen and gold, while expectations China's foreign exchange reserves had fallen for a seventh month added to nervousness. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed in early trade. Japan's Nikkei (.N225) […]

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