As BHP Billiton's spin-off begins trading, investors are eyeing the battered mining sector for longer-term opportunities.» Read More
BHP Billiton's spin-off South32 debuted near the bottom of expectations as investors awarded only a small premium to the new listing.
BHP Billiton, said it would slash its iron ore production cost further and cut spending to better withstand a downturn in commodity prices.
Asian shares traded mixed on Tuesday, as investors weighed a raft of earnings and kept an eye on Australia's federal budget and Greece's debt crisis.
For too long, energy and base metals giants used their big diversified structures to bamboozle investors. That's all changing.
Asian stocks remained in the doldrums on Thursday, hit by a confluence of factors like a weaker finish on Wall Street overnight.
Newly formed mining and metals group South32 is open to acquisitions once it breaks from BHP Billiton, its CEO-elect Graham Kerr said on Wednesday.
U.K. equities closed higher on Friday, with the majority of European markets and many international markets closed for the Labor Day holiday.
Asian stocks ended mixed early Friday, pressured by a sell-off on Wall Street overnight and as investors reacted to a batch of economic data from Japan and China.
Asian markets mostly fell on Wednesday as investors digested the raft of earnings due in the region and awaited the Federal Reserve's statement.
A rally in iron ore prices in recent weeks has put the sector back in bull market territory, but strategists warn that the upside may be short-lived.
China stocks soared to multi-year highs on Monday while caution over central bank meetings weighed on the rest of Asian indices.
European shares finished mixed on Wednesday, as investors digested a slew of earnings from European companies.
Iron ore's price plunge is likely to start claiming corporate casualties among the industry's smaller players, Goldman Sachs said.
The last time Western Australia was engaged in a dispute with Canberra of this magnitude was during the 1930s Depression. The Financial Times reports.
European equities closed mixed on Monday, as investors paused for breath after stellar gains last week.
Oversupply and a lack of demand growth has led some market analysts to speculate that iron ore prices will never recover to former levels.
Nearly a quarter of the world's major copper mines are running in the red, even after the deepest cost-cuts in years, according to Reuters analysis.
Shares in Hong Kong and Tokyo outperformed the region to scale fresh multi-year highs on Thursday.
After a lackluster morning session, Asian stocks mostly advanced on Friday, with Tokyo, Shanghai and Sydney markets finishing the week at new highs.
Asian equities outside Japan traded higher on Thursday as investors welcomed a dovish statement from the Federal Reserve.