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...In response to speculation that Anglo could spin off its struggling diamond producing unit De Beers, Wanblad said it was “not specifically” something that it is considering....
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...Diamond output for Anglo American’s De Beers slumped 23 per cent in the first quarter, as production was cut in response to an expected slow recovery in demand given the pullback in luxury spending and the...
...De Beers was the only unit of Anglo American to adjust its full-year production forecast on Tuesday, reducing its guided range to 26mn to 29mn carats of output, from 29mn to 32mn, and lifting expected average...
...London-listed shares in Anglo American have been down by more than a third since the start of last year, putting its market capitalisation at £29bn, as the company’s De Beers diamond division and platinum...
...BHP said that Anglo American’s other operations outside copper, iron ore and metallurgical coal — such as the De Beers business — would be “subject to a strategic review post-completion”....
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...Anglo American has written down $2.4bn in its diamond and nickel businesses as the gemstone market takes longer to recover and the battery metal suffers from a glut of Indonesian supply....
...The American historian Charles King has described this as “the most radical rethinking of the American political consensus in generations”....
...Anglo American has booked more than $2bn of impairments related to its diamond and nickel mines as annual profits dropped by a third on lower commodity prices, in another setback for the British mining group...
...House, San Miguel de Allende, $1.3mn Where In the historic centre of San Miguel de Allende, which has two international airports within 100km....
...It certainly wasn’t all late-night get-togethers at the Café de Flore....
...The lower cost of buying and renting a property in Madrid compared with Miami is also persuading some Latin Americans to move cities, says de la Fuente....
...Mexico has become the latest major Latin American country to cut interest rates, easing its restrictive policy with inflation well below its peak and putting the region at the forefront of the global easing...
...Usefully, for Latin American leaders, Heath’s observation translates beautifully into Spanish: “Un diplomático es un hombre que se lo piensa dos veces antes de no decir nada.”...
...“The collection is now very in tune with the market, but at the time that Guy was supporting these artists, the focus was on American Pop and Abstract Expressionism....
...Off-site, there is a quintet of exceptional collateral shows, led by the Accademia’s Willem de Kooning and Italy about the European stowaway to the US (review follows next week)....
...I was born in Neuilly-sur-Seine, the chic suburb bordering the Bois de Boulogne in western Paris....
...Another is that Donald Trump will win November’s US presidential election and withdraw or discredit the American defence guarantee of Europe....
...de Montalembert)....
...That will be tested as Cook navigates De Beers’ relationship with Anglo American....
...Anglo American’s chief executive Duncan Wanblad has consistently defended both Amplats and diamond unit De Beers as having a bright future, even as he comes under pressure to take more radical action after...
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