Anglo American Takes $4B Minas-Rio Writedown

Jan. 29 (Bloomberg) -- Bloomberg's Caroline Hyde reports that Anglo American Plc will write down $4 billion of the value of its Minas-Rio iron-ore project in Brazil and raise estimated spending a sixth time after expense blowouts forced Chief Executive Officer Cynthia Carroll to quit. She speaks on Bloomberg Television's "Countdown."

Post-Coup Turkey: Economic Instability and ISIS Threat
19:33 - After Turkish President Recep Tayyip Erdogan initiated a sweeping crackdown that has resulted in tens of thousands being arrested or removed from their posts, is the country left vulnerable to ISIS raids or attacks? And could its economy implode after Standard & Poor's downgraded the country's credit rating further into junk status? Bloomberg TV Canada's Rudyard Griffiths speaks to Aaron Stein, resident senior fellow at the Atlantic Council's Rafik Hariri Center for the Middle East, about the internal situation and to senior banking analyst Bloomberg Intelligence's Jonathan Tyce joins the conversation on why the country's long-time reliance on foreign direct investment has now transferred a lot of pressure on to Turkey's banks. (Source: Bloomberg)
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