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BHP Billiton to replace two directors in board shake-up

SYDNEY, Aug 23 BHP Billiton on Wednesday unveiled a board shakeup that will see controversial director Grant King step down six months after joining the company amid concerns among investors over oil investments.

6:58am IST

Indians miners risk death for granite tiles and kitchens, report says

CHENNAI, India, Aug 23 (Thomson Reuters Foundation) - Six out of 10 labourers toiling in southern Indian quarries for granite for tiles, fireplaces and kitchen counters around the world are working in dangerous conditions to repay huge loans, charities mapping the hidden supply chain said on Wednesday.

5:31am IST

Brazil appeals court upholds Odebrecht unit's asset freeze

SAO PAULO, Aug 22 A Brazilian appeals court upheld a prior ruling that froze assets held by Construtora Odebrecht SA, a unit of the Brazilian engineering conglomerate Odebrecht SA that has been ensnared in a massive corruption probe, dubbed "Operation Car Wash."

3:40am IST

GLOBAL MARKETS-Stocks rally worldwide, crude rebounds on supply

NEW YORK, Aug 22 Global equity markets rallied on Tuesday, lifted by mining companies in Europe and surging technology shares on Wall Street, while crude oil rebounded on indications that supply is gradually tightening, especially in the United States.

2:11am IST

UPDATE 1-Ex-Petrobras CEO Bendine charged with corruption in Brazil

RIO DE JANEIRO, Aug 22 Brazilian prosecutors on Tuesday charged Aldemir Bendine, the former chief executive of state-controlled oil firm Petroleo Brasileiro SA, with corruption, alleging he used his position to take bribes from construction firm Odebrecht.

1:07am IST
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