CAPITAL MARKETS

Vale earnings tumble

BRAZILIAN miner Vale reported an 89.3% fall in earnings over 2013 despite a range of cost-cutting...

Justin Niessner

Net earnings were $US584 million ($A648.1 million) in 2013 compared to $5.4 billion the previous year.   The company posted a net loss of $6.4 billion for the fourth quarter after a $3.5 billion profit...

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