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."
Tech Mahindra Was Biggest Loser on Nifty Index
47:05 - Tech Mahindra shares tumbled in yesterday's trade after the company lowered its forecast for the coming quarters. Bloomberg's Sunanda Jayaseelan reports on "Trending Business." (Source: Bloomberg)
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