Two Chinese border cities are halting some commodity imports by rail to reduce the risk of COVID-19 infections coming in from other countries amid a fresh resurgence of the disease in northern areas of China.
Most currencies in Latin America were trading higher on Tuesday after the dollar weakened, while stocks in the region were set for monthly falls by fresh doubts of how effective COVID-19 vaccines are against the Omicron variant.
Russia's Norilsk Nickel said it has raised its 2021-2030 investment estimate by $6 billion to $35 billion to reflect higher construction costs and increased investment in energy infrastructure upgrades.
President Joe Biden planned to meet with chief executives of major retailers and other companies on Monday to discuss how to move goods to shelves as the U.S. holiday shopping season begins in the shadow of the Omicron coronavirus variant.
Brazilian miner Vale SA on Monday lowered the ceiling for its 2021 iron ore production outlook to 320 million tonnes from a previous estimate of 335 million tonnes, while leaving the lower end of the forecast range at 315 million tonnes.