Vale reports first loss in a decade
Vale, the world's largest producer of iron ore, reported its first quarterly loss in a decade as the Brazilian company became the latest miner to write down assets in the face of lower commodity prices.
Orient-Express has just confirmed that it made a US$14.6 million loss in the first quarter of 2009, widening the US$4.3 million loss from 2008¡®s first quarter largely due to an impairment charge.