Top producer Glencore slashes zinc output by a third
Mining and commodities giant Glencore, burdened by debt and a commodity price crash, announced Friday it was slashing its worldwide zinc output by a third. "The main reason for the reduction is to preserve the value of Glencore's reserves in the ground at a time of low zinc and lead prices, which do not correctly value the scarce nature of our resources," the miner said in a statement. Glencore, which claims to be one of the world's largest miners and producers of zinc, said it was slashing zinc production by 500,000 tonnes across its operations in Australia, South America and Kazakhstan.
Emerging currencies, Asia equities rally on Fed minutes
Malaysia's ringgit and Indonesia's rupiah led an emerging market rally against the dollar Friday while Asian equities also pushed higher after minutes from the Federal Reserve's latest policy meeting suggested it could keep borrowing costs at record lows into next year. Energy firms tracked a surge in oil prices as hopes for crude demand picked up and ongoing crises in the Middle East fanned supply worries. The gains across assets come after a painful July-September quarter that saw trillions wiped off global markets owing to worries about the state of China's economy and an expected US interest rate hike.
French labor tensions ease as garbage collector strike ends
PARIS (AP) ? Air France is resuming negotiations with pilots' unions over hotly contested job cuts, and Paris garbage collectors have ended a smelly strike, soothing developments at the end of a week of high labor tensions.
Presidents Cup controversy as US pair lose hole 'twice'
Confusion and controversy struck the Presidents Cup on Friday when Phil Mickelson and Zach Johnson lost the seventh hole "twice" after being penalised in a baffling rules infringement. It turned out Mickelson had breached a little known match play rule which states you must play the entire round with the same brand and model of golf ball in fourballs and singles.
AP Interview: Jerusalem mayor defends gun display
JERUSALEM (AP) ? Jerusalem's mayor, caught on video this week with a gun slung over his shoulder while visiting a Palestinian neighborhood, is making no apologies for the display of force. He says he's helping keep his city safe.
First asylum seekers leave Italy under EU relocation plan
A small group of Eritreans left Italy for Sweden on Friday, the first contingent of asylum-seekers to be relocated under a European Union scheme to ease the burden of the migration crisis on frontline countries. Grinning shyly before the media, 19 young Eritreans -- 14 men and five women -- waved and blew kisses as they boarded a financial police plane at Rome's Ciampino airport as the Red Cross and UN Refugee agency looked on. "Today is an important day for the European Union, it is a day of victory... for those who believe in Europe, for those who believed in saving human lives," Italian Interior Minister Angelino Alfano told journalists after the departure.
Oklahoma used wrong drug to execute US convict: autopsy
An inmate executed in the US state of Oklahoma in January was killed using the wrong drug, according to an autopsy report made public Thursday. The revelation follows a decision by the state's governor last month to stay the execution of another convict, Richard Glossip, amid questions over the same drug. The newly released autopsy report added to growing questions about execution methods, and Governor Mary Fallin confirmed Thursday she was delaying all executions until those concerns could be allayed.
Attorneys: City handling of police shooting a national model
NORTH CHARLESTON, S.C. (AP) ? North Charleston, South Carolina, did not erupt in violence ? as other cities in similar circumstances did ? after a white police officer fatally shot an unarmed black man.
Iran state TV: Revolutionary Guard general killed in Syria
Iraq officials: mortar attack in Diyala province kills 35