China may be routinely underestimating its steel sector output, with official 2013 figures coming in 40 million tons below a key industry estimate.» Read More
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.
European stocks closed lower on Friday after the U.S. economy produced fewer than expected jobs in October and tensions in Ukraine flared.
Asia stocks were under pressure on Wednesday amid concerns over oil and Chinese growth, but Japanese markets continued to outperform the region.
Asian equities were mixed on Tuesday ahead of a Federal Reserve meeting with China's benchmark index outperforming the region following strong data.
Asia equities were mostly higher on Wednesday following a strong U.S. lead and reports of bond purchases by the European Central Bank.
Asian bourses mirrored the choppy trade overnight in the U.S., with Shanghai, Tokyo and Seoul erasing morning gains to trade lower on Friday.
Mounting anxiety over global growth and the spread of Ebola dragged Asian bourses lower on Thursday.
Asian shares traded mixed on Tuesday as fears of global economic weakness affected investor sentiment.
Asian shares were mostly lower on Wednesday following a global rout but Shanghai bucked the trend after a week-long holiday.
Rio Tinto rejected a merger approach from smaller rival Glencore to create a $160 billion mining and trading giant in August.
It was a positive start to the week for stocks in Europe, although the German DAX pared gains following disappointing data from the country.
Asian equities were mixed on Monday in holiday-thinned trade following a better-than-expected U.S. jobs report last week.
BHP Billiton's decision to reduce its production costs will weigh on iron ore prices moving forward, say Warren Gilman, Chairman & CEO at CEF Holdings.
Asian stocks dropped on Thursday following a weak U.S. lead and continued unrest in Hong Kong, while investors await the European Central Bank's policy meeting.
Asian stocks were mixed on the first day of the fourth-quarter as investors focused on political unrest in Hong Kong and key Chinese data.