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."

Yellen Testifies on Fed Policy, Negative Rates (Part 1)
34:46 - Federal Reserve Chair Janet Yellen testifies before the Senate Banking Committee in Washington about monetary policy, negative interest rates, the economy and the banking system. (This is the first part of the second day of Yellen's two-day semi-annual report to Congress. Source: Bloomberg)
  • U.S. Closes in On Maximum Oil Storage Capacity
  • Examining the Health of the Banking Sector
  • Oil Nears Critical Storage Levels