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."
Stabilizing Markets: Is China Doing the Right Thing?
39:45 - Aberdeen Asset Management Senior Investment Manager Ben Ritchie discusses the Chinese stock rout and the measures regulators are taking to stabilize the market. He speaks to Bloomberg’s Anna Edwards on “Countdown.” (Source: Bloomberg)
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