SANTIAGO (Reuters) - Chile's Codelco, the world's largest copper producer, will meet its financial obligations despite headwinds from a series of ...
SANTIAGO - Chile's Codelco, the world's largest copper producer, will meet its financial obligations despite headwinds from a series of operational problems and from high levels of debt andSANTIAGO - Chile's Codelco, the world's largest copper producer, will meet its financial obligations despite headwinds from a series of operational problems and from high levels of debt and investments, JPMorgan said on Tuesday.
The company cut its production estimate for this year to between 1.31 billion and 1.35 billion metric tons of the red metal. JPMorgan estimates that Chile's government will likely provide support to Codelco, which gives all its profits to the state, through direct capital injections or by a continued reduction in upstream dividends so that the company can make investments, if necessary.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Four Island cyclists named to Canadian team for 2023 Pan Am GamesGames are next month in Santiago, Chile
Read more »
JPMorgan's Dimon warns world may not be ready for Fed at 7%, report saysJamie Dimon warned in an interview with the Times of India that the world may not be \u0022prepared\u0022 for a Fed interest rate at seven per cent. Read on.
Read more »
JPMorgan's Dimon warns world may not be ready for Fed at 7%, report saysJamie Dimon warned in an interview with the Times of India that the world may not be \u0022prepared\u0022 for a Fed interest rate at seven per cent. Read on.
Read more »
JPMorgan M&A Head Sees Up to $150 Billion Funds Focused on India(Bloomberg) -- Investors have about $2 trillion of funds available to invest, and about $100 billion to $150 billion of that is focused on India, according to Anu Aiyengar, JPMorgan Chase & Co.’s global head of mergers and acquisitions.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionStocks Flash Recession Warning as Trouble Spreads to IndustrialsIndia-Canada Clash Should Be a Wakeup CallWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundCorzine Plans
Read more »
JPMorgan M&A Head Sees Up to $150 Billion Funds Focused on IndiaInvestors have about $2 trillion of funds available to invest, and about $100 billion to $150 billion of that is focused on India, according to Anu Aiyengar, JPMorgan Chase & Co.’s global head of mergers and acquisitions.
Read more »
JPMorgan Adding India Bonds Will See Public Finances ScrutinizedJP Morgan Chase & Co.’s plan to include Indian government bonds to its emerging markets bond index next year will draw scrutiny from foreign investors on public finances, particularly on efforts to cut the budget deficit.
Read more »