Asian shares turned mixed late Thursday, as mainland equity markets fell sharply in the afternoon session.» Read More
Shanghai shares hogged the spotlight on Friday, as the key Shanghai Composite index extended losses, while Japan was the "quiet achiever" for the day.
Mainland markets were the biggest losers in the region on Thursday, as fears over tighter requirements on margin financing ignited risk-off sentiment.
OSLO, May 27- Norway's $900 billion sovereign wealth fund, the world's largest, should cut its exposure to the global coal industry and sell stakes in firms that focus on the sector, a key parliamentary committee said on Wednesday. Already under pressure from Norway's political establishment, the fund has been selling down its coal portfolio and said its...
The Shanghai Composite clinched a fresh seven-year high on Friday, while markets in Japan edged up to finish at their highest levels in 15 years.
China's equity markets stood out amid mixed trading in the region on Thursday, as investors bet on further economic stimulus from Beijing.
Equities in Shanghai and Tokyo were the star performers in Asia on Tuesday.
LIMA, May 18- Some mining unions in Peru took part in a national strike on Monday but plans for a wider stoppage were upended at several large mines because workers feared losing their jobs and companies resorted to replacement labor. Iron output from the Peru unit of Shougang Group Co Ltd had been halted as workers downed tools, said union leader Julio Ortiz.
LIMA, May 15- Workers at several major mines in Peru, including two of the country's top copper producers, plan to go on an indefinite strike on Monday in a country-wide bid to press the government to strengthen labor laws, union bosses said. The planned work stoppages at more than 20 mines threaten to curb mineral production in Peru, the world's third-biggest...
Asian equities traded mixed on Thursday, with Sydney and Tokyo coming under pressure as their local currencies strengthened against the greenback.
Some of the names on the move ahead of the open.
BHP Billiton, said it would slash its iron ore production cost further and cut spending to better withstand a downturn in commodity prices.
BELO HORIZONTE, BRAZIL, May 11- Anglo American may increase capacity at its Minas-Rio iron ore mine in Brazil by nearly 10 percent, a move that could cut unit costs at the troubled $13 billion project, the company's Brazil chief executive said on Monday. Production volume could rise as high as 29 million tonnes in the 2018-2020 period, 9.4 percent more than the...
BELO HORIZONTE, BRAZIL, May 11- Anglo American may increase capacity at its Minas-Rio iron ore mine in Brazil by nearly 10 percent, a move that could cut unit costs at the troubled $13 billion project, the company's Brazil chief executive said on Monday. Production volume could rise as high as 29 million tonnes, 9.4 percent more than the mine's expected capacity of...
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...