Rio Tinto said a strong third quarter and productivity gains led to a 12 percent rise in iron ore production as price volatility persists.» Read More
BHP Billiton aims to cut its iron ore production costs by more than 25 percent and squeeze more tons from its mines as it aims to overtake Rio Tinto.
BHP Billiton freezes pay for its executives and management team, as the downturn across the mining sector continues. The Financial Times reports.
Iron ore prices continue to drop, leaving investors with a key question: how much worse will things get before they improve?
Plans by top iron ore miners to knock out high-cost rivals with a flood of cheap ore have had some success, but are meeting resistance in China.
Stocks fall across the globe amid growth fears. Commodities and emerging markets are among the biggest losers.
The theory is that Alibaba is such a gigantic offering that it is reducing interest in other IPOs anywhere on or near the horizon.
SINGAPORE/ TOKYO, Sept 5- Tests on samples of the same type of U.S. condensate now heading to South Korea and Japan have raised questions about the ultra-light crude's suitability for use in Asia, sources said, making some potential buyers wary about taking the oil.
Some of Thursday's midday movers:
Asian indices painted a mixed trading picture on Monday after a gathering of central bankers failed to give any clues about interest rates.
Some of the names on the move ahead of the open.
Wall Street's upbeat performance overnight, helped by a subside in geopolitical tensions, elevated Asian bourses to fresh closing highs on Tuesday.
*London- listed shares drop 4 pct. MELBOURNE, Aug 19- The world's biggest mining company, BHP Billiton, announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in its 2001 merger with Billiton, to focus on its most profitable activities. BHP's London- listed shares fell 4 percent.
*BHP UK shares drop 4 pct. MELBOURNE, Aug 19- Top global miner BHP Billiton will spin off a roughly $16 billion company to shareholders, mostly offloading assets acquired in its 2001 merger with Billiton, as it looks to focus on its strongest businesses.
*H2 profit up 8 pct to $5.69 bln. MELBOURNE, Aug 19- Top global miner BHP Billiton will spin off a roughly $14 billion company to shareholders, mostly offloading assets it acquired in its 2001 merger with Billiton, as it looks to focus on its strongest businesses.
Asian equities traded mixed on Monday as a cautious sentiment set in after fresh conflict in Ukraine at the weekend.
Investors will be looking at data due from Japan and China in the week ahead, for further cues on the health of Asia's two largest economies.
Most Asian equities traded higher on the last trading day of the week, taking cues from a firm finish on Wall Street overnight.
WASHINGTON, July 28- The U.S. Commerce Department has put on hold at least two companies' requests for permission to sell lightly processed crude abroad, effectively stalling an industry push to export an expanding glut of oil amid the U.S. shale revolution, sources said.
Rio Tinto said it was on track to produce 295 million tons of the steel-making material in 2014, up from 266 million last year.
European shares closed around the flatline on Thursday, paring earlier gains.