The Global Iron Ore Crisis: What's Next in Four Charts

Since the initial incident in Brazil in late January, the top producer has announced supply cuts of as much as 70 million tons, although it’s said it will try to offset some lost production. The mainland has a very substantial ore-mining industry, but production has been hurt in recent years as the content is lower-grade and higher-cost than foreign supplies, and Chinese producers have been the target of a strict environmental clampdown.

View original post here:
The Global Iron Ore Crisis: What's Next in Four Charts

Fed’s message on portfolio trimming: prepare, don’t fret

SAN FRANCISCO/NEW YORK (Reuters) – Federal Reserve policymakers are putting markets on notice that the central bank's $4.5 trillion balance sheet is back on the agenda in an apparent effort to give investors time to prepare for changes rather than to signal any action is imminent. The Fed amassed the bonds during and after the financial crisis to inject cash into the economy and put downward pressure on long-term rates, and has been keeping its portfolio steady since December 2013. While the Fed has only raised rates twice since the crisis, a number of Fed policymakers are already voicing support for allowing the debt holdings to shrink by letting bonds mature without reinvesting the proceeds.

Here is the original: 
Fed’s message on portfolio trimming: prepare, don’t fret

Volkswagen brand chief says no plans to step down despite investigation

Volkswagen's brand chief, Herbert Diess, is not planning to resign even though he is the subject of investigation by public prosecutors, he told a German newspaper. “It's not up for debate,” Diess told Sueddeutsche Zeitung in an interview published on Monday, when asked if he had thought about stepping down as a result of the probe. Volkswagen's reputation will take 12-18 months to recover from the crisis, although a strategic turnaround will take up to 14 years, Diess added.

Read the original here: 
Volkswagen brand chief says no plans to step down despite investigation