Malaysia suspends rare earths, tin mining operations after river water turns blue

Malaysia suspends rare earths, tin mining operations after river water turns blue

Malaysia has suspended operations at a rare earth site and two tin mines in western Perak state following an investigation into complaints. Saeed Khan | Afp | Getty Images Malaysia has suspended operations at a rare earth site and two tin mines in western Perak state following an investigation into complaints that a stretch of a major river had turned bright blue, the natural resources and…

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Weight loss drugmaker Novo Nordisk helps drive Denmark’s fastest growth in years

Weight loss drugmaker Novo Nordisk helps drive Denmark’s fastest growth in years

Denmark’s economic growth accelerated in the third quarter, boosted by strong pharmaceutical exports, a key industry for the small Nordic country home to weight loss drugmaker Novo Nordisk. Denmark’s seasonally adjusted gross domestic product (GDP) grew by 2.3% in the third quarter, the largest quarter-on-quarter expansion since the fourth quarter of 2021, a preliminary reading…

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Ray Dalio says we are definitely in a bubble, but that doesn’t mean you should sell yet

Ray Dalio says we are definitely in a bubble, but that doesn’t mean you should sell yet

While artificial intelligence spending is forming a bubble in the market, investors don’t need to give up their positions, according to Bridgewater founder Ray Dalio. “Don’t sell just because there’s a bubble,” Dalio said Thursday on CNBC’s “Squawk Box.” “But if you look at the correlations with the next 10 years’ returns, when you are…

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119,000 added, jobless rate 4.4%

119,000 added, jobless rate 4.4%

The U.S. economy added substantially more jobs than expected in September, according to a long-awaited report Thursday from the Bureau of Labor Statistics. Nonfarm payrolls increased by 119,000 in the month, up from the 4,000 jobs lost in August following a downward revision. The Dow Jones consensus estimate for September was 50,000. The July total…

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Saba Capital’s Weinstein says storm brewing in UK investment trusts

Saba Capital’s Weinstein says storm brewing in UK investment trusts

Activist investor Boaz Weinstein has unveiled two new bets in the U.K. investment trust space, where he sees a growing number of trading opportunities emerging from discounted valuations. The Saba Capital founder unveiled two new positions at this year’s Sohn London investment conference — Workspace Group and Pantheon Investments — which he said are trading…

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