MELBOURNE, Jan 30- London copper edged up on Friday but was set to close the week lower, facing its longest weekly losing streak in more than six years as fragile economic growth and ample supply take a toll on prices. *The most-traded April copper contract on the Shanghai Futures Exchange slipped 0.4 percent to 39,360 yuan a tonne. *Macquarie Group Ltd is in talks to...» Read More
Miner Xstrata has rejected a cash-and-shares takeover approach from Brazil's Vale pitched at just under 40 pounds a share, or 39 billion pounds ($76 billion), the Financial Times said.
European stocks closed sharply higher Tuesday, after U.S. billionaire investor Warren Buffett inspired a late rally by offering to take on $800 billion worth of debt insured by top bond insurers.
European stocks ended lower across the board Monday, with banking and insurance stocks suffering the worst of the selling. Warnings of further financial turmoil from G7 finance ministers at the weekend contributed to the session’s bearish sentiment.
The chairman of mining company Rio Tinto wrote to shareholders on Sunday, urging them to take no action on a bid for the company by rival miner BHP Billiton.
Weyerhaeuser posted a fourth-quarter loss Friday as its wood products business was hurt by the slump in the U.S. housing market, though adjusted earnings still beat Wall Street expectations.
European shares managed to end a volatile session in positive territory Wednesday, having followed U.S. stocks higher and gained from bullish utilities and telecom stocks.
Aluminum Corp of China will explain to Australian political leaders on Tuesday why it bought a 9 percent stake in Rio Tinto, in a move seen as an attempt to ease concerns may try to take over one of Australia's biggest companies.
Aluminum Corp of China (Chinalco) said on Monday it was content with the $14 billion stake it bought last week in miner Rio Tinto, dousing talk it was planning a rival bid to BHP Billiton's offer for Rio.
European stocks ended firmly higher across the board Friday, despite weaker-than-expected U.S. economic data, as China and U.S. aluminum producer Alcoa teamed up to buy a $14 billion stake in Rio Tinto.
China teamed up with U.S. aluminum producer Alcoa to buy a $14 billion stake in Rio Tinto on Friday and said it may make a bid, threatening miner BHP Billiton's efforts to win Rio.
European shares rallied in late trading on Thursday to close largely flat as gains for mobile phone maker Nokia and chemicals maker BASF offset losses for financials, notably UBS.
BHP Billiton, looking to win support for a takeover of rival Rio Tinto , said growth in production of key commodities such as copper and iron ore accelerated in the three months to December.
Is the possibility of a U.S. recession hurting Eagle Shipping? Cramer interviews the CEO to find out.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Brazilian mining giant Vale is preparing to make a bid for Anglo-Swiss rival Xstrata in deal that could be worth $90 billion, local newspapers reported on Monday.
European stocks closed mixed Friday after a short rally during the day after better-than-expected consumer confidence data from the U.S. and on the back of talk of consolidation in the mining sector.
Speculation swirled on Friday that BHP Billiton was readying a sweetened offer that includes cash for rival Rio Tinto, driving Rio's shares 4.6 percent higher.
Mining giant Rio Tinto reported record annual output for key commodities Wednesday and said it expects growth to continue through 2008 on strong demand from developing countries like China and India.
An evocative smell from childhood can quickly trigger the realization that cost cutting is not a strategy, but a reaction that, without corresponding investment, will doom industries.
Mining group Anglo American has postponed plans to sell its 3 billion-pound ($5.9 billion) Tarmac road-covering business until turmoil on capital markets eases, Britain's Sunday Telegraph reported.
Demand for this gas is so tight it's being compared to oil. Here's how Cramer recommends playing it.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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