Equity markets in Tokyo and Shanghai outperformed the region to scale fresh multi-year highs on Monday, drawing strength from a strong finish on Wall Street last week.» Read More
Japan's Nikkei extended losses on Friday on news that a conservative may be the leading candidate to head the Bank of Japan while Australian and South Korean shares ended a range-bound session relatively flat, weighed down by weak euro zone growth.
Chris Stott, Portfolio Manager at Wilson Asset Management says diversified miners will lead the rally on the Australian market this year. He adds that Rio Tinto is a turnaround story, and a good way to play the mining cycle over the next 12 months.
Stocks finished flat after hugging the flatline for most of the session in lackluster trading Thursday, as disappointing economic data from the euro zone overshadowed optimism over an upbeat jobless claims report and a flurry of M&A announcements.
Jonathan Barratt, Founder, Barratt's Bulletin discusses if Rio Tinto's cost-cuts are achievable. He explains why $64 and below is a good buying point for Rio's stock.
U.S. stock index futures shaved some losses Thursday after a better-than-expected jobless claims report and a batch of M&A announcements, but a disappointing reading on the European economy put a damper on gains.
Rio Tinto's new chief flagged he would slash costs, spend capital more carefully and focus on shareholder value after the world's no.3 miner reported a $3 billion loss, its first ever full-year loss.
Sam Walsh, CEO of Rio Tinto, tells CNBC that the company plans to embark on aggressive cost cutting measures, aiming to reduce its total costs by $5 billion by the end of 2014
Asian stock markets climbed higher on Thursday led by Australian shares, which hit a four-year high on strong corporate earnings. Risk sentiment was also boosted by firm gains in Japan and Hong Kong ahead of a weekend meeting of G20 central bank officials.
Warren Gilman, Chairman & CEO, CEF Holdings explains why he thinks that Rio Tinto is in an identity crisis. He further discusses his short and long term calls for the stock.
Mark Taylor, Senior Resources Analyst, Morningstar explains how declining commodity prices and the Australian dollar's safe haven status will lower Rio's earnings.
Kingsley Jones, Founder and CIO, Jevons Global says countries with high levels of sovereign debt is an ongoing story. He says Argentina may not be the only country trying to find ways to lessen its debt burden.
Paul Trainor, Senior Portfolio Manager at Macquarie Private Portfolio Management says money could start flowing into the iron ore sector in the short term, as companies continue to work on cost reductions.
European shares slipped on Friday as disappointing economic data in the UK and U.S. dampened sentiment.
Asian shares ended higher on Friday as encouraging data from the United States and China boosted prospects for the global economy, while the yen hit new lows ahead of next week's Bank of Japan meeting. Both Tokyo and Hong Kong stock markets surged to multi-month highs on the upbeat sentiment.
Warren Gilman, chairman and CEO of CEF Holdings, tells CNBC that China's fourth quarter growth is wind at the back of commodities, setting the trend for 2013.
Bhaskar Laxminarayan, Chief Investment Officer of Bank Pictet & Cie, Asia comments on Rio Tinto's management reshuffle, but adds that he is not very positive on the materials sector because of tepid rebound of Chinese economy.
Top shareholders in crisis-hit Rio Tinto have identified an unusual scapegoat for the hapless takeovers that triggered the company's eye-watering $14 billion writedown - each other.
Jonathan Barratt, Founder, Barratt's Bulletin says Rio Tinto remains a takeover target but he thinks new CEO Sam Walsh can turn the company around.
Paul Renken, senior geologist at VSA Capital, explains why investment banks are upping their price targets on Rio Tinto after the new CEO announcement.
European shares closed higher on Thursday afternoon after stronger-than-expected U.S. jobs data.