Vale S.A., based in Brazil is the second largest iron ore producer globally, engaged in metals and mining. On 25 January 2019, one of Vale’s tailings dams collapsed and some 300 people were killed, causing a widespread uncertainty in iron ore future. A local court in Itabira city of Brazil, located in Minas Gerais suspends…
On Friday, March 15, China government announced that the value added tax (VAT) will be declined from April 1. This rule is issued to support manufacturing and decrease the factory costs. VAT for manufacturing sectors changes to 13% from 16% which means 3% reduction. For transportation and construction sectors, it reduces from 10% to 9%.…
