Stock markets in China extended their selloff on Friday following news that securities regulators are investigating suspected market manipulation.» Read More
Asian stocks mostly advanced on Monday as China rolled out its third interest rate cut since November.
Asian shares traded mostly firmer on Friday on the back of a positive lead from Wall Street and bets that Beijing will roll out more easing measures.
Asian equities sold off on Wednesday, as weak corporate results in Sydney and an unimpressive U.S. lead took a toll on trading sentiment.
Chinese shares plummeted on Tuesday, while their counterparts in Sydney witnessed volatile trade following the Reserve Bank of Australia's rate cut.
Reflecting this uncertainty, analyst valuations vary widely, with Morgan Stanley predicting it may start with a market worth of A $8.5 billion and Investec around $12 billion. But if commodity prices are weak, it's going to be a bit more problematic, "said Paul Xiradis, chief executive of Ausbil Investment Management, a BHP Billiton Ltd shareholder.
April 29- Cliffs Natural Resources Inc, which is struggling to cope with oversupply in the iron ore market, blamed industry leaders BHP Billiton Ltd, Rio Tinto Plc and Vale SA for weak prices of the commodity. But Wolfe Research analyst Gordon Johnson said "the idea that someone is going to buy coal assets from Cliffs is highly unlikely," noting that the company has...
April 29- Cliffs Natural Resources Inc, which is struggling to cope with an over-supplied iron ore market, blamed industry leaders BHP Billiton Ltd, Rio Tinto PLC and Vale SA for weak prices for the commodity. The prices are depressed "not by the fact that these guys produce a lot of iron ore, but by the fact that they are saying that they will produce a lot more," Cliffs...
Asian shares outside Japan declined on Tuesday, as investors eyed a slew of corporate earnings and the Federal Reserve's two-day meeting.
MELBOURNE, April 27- BHP Billiton is contesting A $522 million in Australian tax bills on its Singapore marketing operations up to 2010, after having paid almost no tax in Singapore since 2006, the global miner told an Australian Senate panel. The company revealed that between 2006 and 2014 its Singapore marketing business earned profits of $5.7 billion, on...
Asian stocks mostly advanced on Thursday despite data showing China's factory activity at a one-year low.
Asian stocks finished lower on Monday even as China's central bank lowered the reserve requirement ratio over the weekend.
American stocks keep getting more expensive. That leaves value-conscious investors in a sticky situation.
Asia's equities joined their global peers to rise on Thursday, with China's Shanghai Composite index finishing at a fresh multi-year high.
*Alcatel shares fall back as Nokia unveils bid details. PARIS, April 15- European stocks rallied on Wednesday, with one regional benchmark hitting a level not seen since late 2000, ahead of a European Central Bank meeting at which the bank is expected to affirm its loose monetary stance. Shares in France's Alcatel-Lucent dropped 13 percent, slipping back from its...
Chinese shares touched fresh seven-year highs on Monday, while Japan's Nikkei 225 struggled to find momentum.
CAIMANES, Chile, April 12- Alvaro Badillo remembers a time when his dad would take him fishing in the stream just a stone's throw away from the dusty streets of their small hometown of Caimanes in central Chile. It is the tailings dam for Los Pelambres, Chilean miner Antofagasta Plc's flagship copper mine, which holds enough leftover processed rock to fill some...
Australia and Indonesia are scrutinizing the largest commodity companies' Singapore trading hubs.
Some of the names on the move ahead of the open.
Chinese steelmakers are helping the biggest miners tighten their grip on iron ore production by paying the depressed spot prices.
Asian stocks outside Australia recovered from a lackluster open to rise on Monday as a modestly positive lead from Wall Street offset the impact of sliding oil prices.