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Finance & Markets

Vale CFO Sees No Downturn in Iron Ore Prices

Vale SA Chief Financial Officer Marcelo Bacci says iron ore is a resilient commodity and says demand is stable. He also says the mining giant may tap the Chinese bond market in the near future. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)

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Americans Add $18 Billion in Credit as Borrowing Accelerates

Households added more credit in July across cards and long-term loans, extending the financial obligations that will compete with other spending in the months ahead. Consumer credit grew at a seasonally adjusted annual rate of 4.2% in July, according to the Federal Reserve’s latest G.19 report, released Tuesday (Sept. 8).

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