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Business 24 Feb 2021 | 7:00 AM

Brazil’s Vale bullish on conditions in China

RIO DE JANEIRO: Brazilian mining company Vale SA said it will continue investing in China and further expand its presence in the country, which has been witnessing an ever increasing share of the global mining giant’s total sales.

Business 24 Feb 2021 | 7:00 AM

Reliance to spin off O2C ops with US$25bil loan

MUMBAI: Reliance Industries Ltd (RIL) has started carving out its new oil-to-chemicals (O2C) operation into an independent unit with a US$25bil loan from the parent, as billionaire Mukesh Ambani steps up efforts to unlock the value of his businesses.