Declining profits and a gloomy global outlook are forcing Vale (VALE +1.4%) take a closer look...

|About: Vale S.A. (VALE)|By:, SA News Editor
Declining profits and a gloomy global outlook are forcing Vale (VALE +1.4%) take a closer look at its planned $21.4B investment budget for 2012, with a "continuous review" underway, CEO Murilo Ferreira says. But earnings likely will remain under pressure from weak steel and mining markets, as well as potential royalties liabilities, Credit Suisse warns.