Rising home prices and conservative borrowing have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity increase by...Real Estateread more
Stocks have been grinding sideways, but technical analysts say once they breakout, the move to the upside could be powerful.Market Insiderread more
The fresh round of cuts is on top of an estimated 4,500 temporary layoffs GM and its suppliers handed out to employees as of Friday.Autosread more
Here are the most important things to know about Tuesday before you hit the door including earnings from Nike and likely updates on Trump's trade deals.Marketsread more
The Mac Pro is the only major Apple computer to be assembled in the United States. Most of Apple's products, including the iPhone, are assembled in China and are facing tariff...Technologyread more
Stocks were barely changed. American Express gained, but Netflix was a notable laggard.Marketsread more
Think about the last TV show you recommended to a friend, or the last one that was recommended to you. Odds are, it was from a premium service like HBO, Netflix or Amazon.Entertainmentread more
SpaceX is deep into development of its Starship rocket, with recent updates from CEO Elon Musk showing the first one under construction.Investing in Spaceread more
The new wireless earbuds, codenamed "Puget," are expected to come with an accelerometer and be able to monitor things like the distance run, calories burned, and pace of...Technologyread more
Greta Thunberg, a 16-year-old Swedish environmental activist, delivered a powerful message at the United Nations Climate Action Summit on Monday.Environmentread more
SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
* Vedanta says execs unable to visit, couldn't speak to KCM mgmt
* India-listed Vedanta Ltd shares close 2.2% lower
* ZCCM-IH declines comment on dispute (Adds ZCCM-IH declined to comment, adds bullets)
NEW DELHI/BENGALURU, May 31 (Reuters) - Global mining conglomerate Vedanta Resources said on Friday it was seeking international arbitration over Zambia's appointment of a provisional liquidator to run the company's Konkola Copper Mines (KCM) business.
Vedanta said on Friday its executives were unable to visit its KCM operation and engage with local management, in a setback to efforts to ease tensions amid a legal battle with Africa's second-biggest copper producer.
The Zambian government has accused KCM of breaching its operating license. Legal proceedings have been adjourned until June 4.
Shares of Vedanta's India-listed arm Vedanta Ltd ended 2.1% lower on Friday.
The tussle is the latest legal challenge confronting Vedanta, which has been facing opposition from authorities and locals over alleged violations across continents - from Thoothukudi, located near India's southern tip, to Chingola in Zambia's copper belt.
Police shot dead 12 anti-Vedanta demonstrators protesting alleged pollution in the southern state of Tamil Nadu in May 2018. Less than a year later, a protester and a policeman died in clashes in March over inadequate jobs to locals in Vedanta's alumina refinery in the eastern Indian state of Odisha.
Vedanta denies any allegation of malpractice.
Demonstrators marched in Chingola earlier this month to welcome the state's efforts to bring in another investor.
Many natural resource-rich African countries are trying to secure greater benefits from natural resources being managed by foreign companies.
Vedanta Resources' Chairman Anil Agarwal said on Thursday the company was working to comply with Zambia's laws and tax requirements.
The miner, which says it had been reassured by the government that it has not entered into any sale agreements with other parties, said it had notified ZCCM-IH, the Zambian minority shareholder in KCM, of a dispute on Thursday.
The shareholders' agreement provides for disputes to be submitted to international arbitration in Johannesburg, said Vedanta, which holds a majority stake in KCM.
Zambian state-run ZCCM-IH, which holds around a 20 percent stake, declined to comment.
Zambia said on Thursday its decision to punish Vedanta's local operation for what it said were breaches of environmental and financial regulations was a signal to other firms to follow the country's laws.
The country has riled miners with tax changes they say will force them to withhold the investment Zambia needs.
KCM, one of Zambia's largest employers, said it would raise output to 400,000 tonnes per year, but instead production has fallen because of technical issues as infrastructure has aged, as well as problems such as power outages.
(Additional reporting by Chris Mfula in LUSAKA; Editing by Kenneth Maxwell and David Evans)