Economists may teach that low prices and declining demand encourage producers to decrease supply, but the iron ore industry may have skipped class that day.» Read More
Times are tough for Australia's junior miners as plunging iron ore prices squeeze them out of the market, but oil's decline may provide respite.
The U.S. ranks as the most important market for growth over the next 12 months, according to a new report.
Asian stock markets traded higher late Tuesday, with sentiment supported by China's fourth quarter gross domestic product which beat expectations.
Mining stocks sold off sharply on Wednesday, with Glencore falling to an all-time nadir, after copper plunged to a five-and-a half-year low.
The persisting turmoil in commodity markets ignited risk aversion in most Asian stock markets on Wednesday, with Tokyo and Sydney equities finishing at fresh lows.
Australia took a double-whammy from record-low interest rates and commodity-price drops, but the selloff has left its market attractive to yield chasers.
Asian equity markets raked in gains on Thursday, as the fall in oil prices abated, while a positive finish on Wall Street overnight lifted trading sentiment.
Mounting anxiety over the relentless fall in oil prices and growth concerns over China dragged Asian stock indices to new lows on Tuesday.
On the first trading session of 2015, Asian equities were quiet on the back of a lack of foreign cues and economic data releases.
European shares closed mixed on Monday, with Greece struck by renewed political uncertainty after its politicians failed to agree on a new president.
China may be routinely underestimating its steel sector output, with official 2013 figures coming in 40 million tons below a key industry estimate.
Asian stocks pulled back sharply on Monday, as investors fretted about the relentless slide in energy prices and declining manufacturing sentiment in Japan. Also in focus was a hostage incident in Sydney.
China's benchmark index tumbled as much as 6 percent in the last hour of trade after rallying to a three-and-half-year high of 3,091 points earlier.
European shares closed lower on Monday, with construction stocks continuing to weigh heavily after Wall Street opened down.
TORONTO, Dec 3- Rio Tinto Plc's re-commitment to diamonds with a $350 million Canadian mine expansion has highlighted the prospects for a handful of smaller players boasting one of the sector's rarest commodities- new mines. Global consumer demand for diamond jewelry is forecast to grow at 4 to 5 percent annually, to $31 billion in 2018 from $25 billion last year,...
European shares closed higher on Tuesday, as overnight gains in oil prices boosted energy stocks and an upturn on Wall Street helped sentiment.
Global equity markets jumped on Friday morning after the Chinese central bank unexpectedly cut interest rates to boost its flagging economic growth.
Asian indices traded mostly higher in Friday's afternoon session, after Japan's Prime Minister Shinzo Abe dissolved parliament's lower house.
European shares closed lower on Thursday as investors reacted to worse-than-expected data from the euro zone.
John Wilson, Stock Broker at Morgans Financial, says persisting demand and false expectations for prices to remain stable are leading big miners to ramp up production.