European equities closed mostly higher on Friday despite the failure of euro zone finance ministers to reach a deal with Greece.» Read More
June 29- Former Xstrata boss Mick Davis' X2 Resources is in "serious" talks to purchase some of Rio Tinto Plc's Australian coal assets, the Financial Times reported citing people familiar with the matter. A sale of Rio's thermal coal assets in New South Wales would be the biggest divesture by the company under Chief Executive Sam Walsh, for the past two and a half...
Equity markets in Shanghai and Japan outperformed the region with marginal gains on Wednesday.
Stock markets in Asia mostly rise on Monday, with Tokyo and Shanghai scoring fresh multi-year highs.
Mongolia and Rio Tinto have reached an agreement paving the way for work to resume on a stalled $5 billion underground copper mine.
As BHP Billiton's spin-off begins trading, investors are eyeing the battered mining sector for longer-term opportunities.
A new trading week ushered in another mixed trading session for Asia, as investors' confidence wavered following more below-view data from China.
BHP Billiton's spin-off South32 debuted near the bottom of expectations as investors awarded only a small premium to the new listing.
BHP Billiton, said it would slash its iron ore production cost further and cut spending to better withstand a downturn in commodity prices.
Asian shares traded mixed on Tuesday, as investors weighed a raft of earnings and kept an eye on Australia's federal budget and Greece's debt crisis.
Asian stocks mostly advanced on Monday as China rolled out its third interest rate cut since November.
U.K. equities closed higher on Friday, with the majority of European markets and many international markets closed for the Labor Day holiday.
Asian stocks ended mixed early Friday, pressured by a sell-off on Wall Street overnight and as investors reacted to a batch of economic data from Japan and China.
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 markets mostly fell on Wednesday as investors digested the raft of earnings due in the region and awaited the Federal Reserve's statement.
A rally in iron ore prices in recent weeks has put the sector back in bull market territory, but strategists warn that the upside may be short-lived.
Asian stocks mostly advanced on Thursday despite data showing China's factory activity at a one-year low.
European markets closed higher Tuesday as investors reacted to a slew of corporate earnings reports and more news about Greece.
European markets ended higher Monday after China's central bank over the weekend cut the amount of money that banks must hold as reserves.
Asian stocks finished lower on Monday even as China's central bank lowered the reserve requirement ratio over the weekend.