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Europe Closes Lower; Fed in Focus

BHP Billiton Ltd

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  • RIO DE JANEIRO, June 18- Brazil, a major producer of iron ore, gold, copper and other metals, unveiled a long-awaited bill to reform its 46- year-old mining code on Tuesday, proposing a doubling of the current top royalty rate and stricter rules for opening new mines.

  • RIO DE JANEIRO, June 18- Brazil, the world's second-largest producer of iron ore, unveiled a long-awaited bill to reform the country's 46- year-old mining code on Tuesday, proposing royalties of up to 4 percent, double the current rate. Murilo Ferreira, chief executive of Vale SA, the world's largest iron ore exporter, said the bill would hit miners hard.

  • RIO DE JANEIRO, June 18- Brazil, the world's second-largest producer of iron ore, unveiled a long-awaited bill to reform the country's 46- year-old mining code on Tuesday, proposing royalties of up to 4 percent, double the current rate. Murilo Ferreira, chief executive of Vale SA, the world's largest iron ore exporter, said the bill would hit miners hard.

  • MINA ZALDIVAR, Chile, May 30- High in Chile's bone-dry Atacama desert, mining engineer Enrique Miranda surveys a metal structure filled with a pungent mix of earthworms and woodchips. "That's lunch for the worms," says Miranda, an environmental supervisor who has worked at Barrick Gold Corp's Zaldivar copper mine for 18 years.

  • UPDATE 1-Ford to close Australia auto plants - reports Wednesday, 22 May 2013 | 8:24 PM ET

    *Ford to end Australia production by 2016- reports. CANBERRA, May 23- Ford Motor Co is set to announce it is closing its two Australian auto plants and will cease production in the country by 2016 as it struggles with sliding sales, high costs and a strong Australian dollar, local media reported on Thursday.

  • MELBOURNE, May 21- A spate of profit warnings from Australian mining services firms suggests the country's "once-in-a-century" resources spending boom may have peaked sooner than companies, economists and policymakers had expected.

  • What Strong Dollar? US Boom Provides Oil Hedge Monday, 20 May 2013 | 1:17 PM ET

    The energy boom in the U.S. is providing a shock absorber of sorts for major oil companies, helping to hedge a strong dollar amid an the increase in domestic production.

  • China Stocks Hit 7-Week High; Asia Pares Losses Friday, 17 May 2013 | 3:01 AM ET

    China's benchmark index out-performed the broader Asian market for a second straight session on Friday as investors cheered moves by the government to ease strict regulation while the rest of Asia's equity markets traded cautiously as concerns grew over a U.S. Federal Reserve exit from quantitative easing.

  • China Hard Landing Fears Return for Fund Managers Wednesday, 15 May 2013 | 2:04 AM ET

    More fund managers believe "a hard landing" for China is among the biggest tail risks facing markets, a survey shows.

  • NEW YORK, May 14- A takeover of Mosaic Co is unlikely in the near term and would be affordable to only a handful of players, executives said in an interview on Tuesday.

  • Time to Add Some Risk: Pro  Sunday, 5 May 2013 | 11:40 PM ET

    Stephen Hogan of Novus Capital recommends picking up some BHP Billiton shares instead of leaving cash on the sidelines.

  • 'Rude Shock' Ahead for Commodity Currencies: Pro Thursday, 18 Apr 2013 | 5:20 AM ET

    While losses in commodity currencies have remained relatively limited amid the recent rout in physical prices and resources-related stocks, investors could be in for a "rude shock."

  • New BHP CEO Takes Pay Cut as Miners Suffer Wednesday, 17 Apr 2013 | 10:11 PM ET

    BHP Billiton's new chief executive will take a pay cut as miners struggle with tougher market conditions, and has stripped out a layer of top executives.

  • Early Movers: BAC, MAT, YHOO & More Wednesday, 17 Apr 2013 | 8:08 AM ET

    Some of the names on the move ahead of the open.

  • Iron Ore Expansion Key To Rio Shares: Pro  Tuesday, 16 Apr 2013 | 11:45 PM ET

    Brad Partridge, Portfolio Manager at Macquarie Private Portfolio Management says the way the market deals with Rio Tinto's huge iron ore production expansion is key to the direction of its shares.

  • Japan Leads Gains as Asia Ends Mixed Tuesday, 16 Apr 2013 | 3:25 AM ET

    Japan and Australia led gains as Asian indices ended mixed on Wednesday.

  • Early Movers: S, DISH, C, PCS & More Monday, 15 Apr 2013 | 8:33 AM ET

    Some of the names on the move ahead of the open.

  • Time to Get Back Into Diversified Miners: Pro  Sunday, 14 Apr 2013 | 11:35 PM ET

    Philip Parker, CIO at Parker Asset Management says this is a good time for investors to start getting back into the diversified miners. He says their exposure to Asian growth is a big draw and he prefers BHP Billiton over Rio Tinto.

  • Asia Ends Lower on Weak China Data Sunday, 14 Apr 2013 | 4:03 AM ET

    Disappointing Chinese gross domestic product (GDP) data led major Asian benchmarks lower on Monday, as investors fretted over slowing growth in China.

  • Land Ho! Big Oil Moves Diminish Gulf's Influence Thursday, 11 Apr 2013 | 3:06 PM ET
    Transocean Discoverer Enterprise drillship

    The Gulf Coast is becoming to oil production what Apple is to the technology sector: a dominant player beset by upstarts.

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