News from the world of finance

Italy's competition authority AGCM fined insurance groups UnipolSai and Generali 5 million euros ($5.10 million) each for allegedly carrying out unfair commercial practices, the authority said on Tuesday.

Democrats scored a major policy victory when the U.S. Senate passed a $430 billion climate change, healthcare and tax bill that will help reduce the carbon emissions that drive climate change while also cutting drug costs for the elderly.

JOHANNESBURG (Reuters) -AngloGold Ashanti's CEO expects inflationary pressures to ease next year, he said on Friday after the miner joined rivals in reporting a hit to half-year profit and forecast that costs would be at the top end of guidance this year.

JOHANNESBURG (Reuters) -AngloGold Ashanti shares rose 2% on Friday after CEO Alberto Calderon pledged to reduce costs that dented half-year earnings and moved closer to the top end of its forecast range for the full year.

AngloGold Ashanti's first-half earnings slumped 18% even as production increased, as inflation took a toll on its profit with the gold miner warning on Friday that costs were scaling towards the top end of its annual forecast range.

Japanese companies are temporarily shutting offices or suspending production as they battle a record wave of COVID-19, disrupting businesses in a country that has until now weathered the pandemic better than most advanced economies. 

The Philippines' Bataan Nuclear Power Plant (BNPP) has not produced any electricity since it was finished in 1984, despite its $2.3 billion price tag and its promise of energy security during the 1970s oil crisis.