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."
How Micromax Is Tackling India's Smartphone Market
15:12 - Micromax Co-Founder Vikas Jains discusses Alibaba’s interest in the company, raising funds for developing locally-focused software and his company’s push into India’s smartphone market. He speaks to Bloomberg’s Rishaad Salamat from the Goldman Sachs TechNet Asia Conference in Hong Kong. (Source: Bloomberg)
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