European equity markets closed lower on Wednesday, as U.S. technology earnings disappointed.» Read More
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.
Some of the names on the move ahead of the open.
Asian shares ended mostly lower on Thursday, paring initial gains as investors cashed in their chips following recent rallies with demand also capped by caution ahead of Chinese data on Friday.
Rio Tinto, the mining giant, was in turmoil Thursday morning after the abrupt departure of its chief executive and the announcement of a $14 billion writedown.
Global miner Rio Tinto has announced the surprise resignation of its chief executive after taking a $14 billion charge in connection with Tom Albanese's two most significant acquisitions, Mozambican coal and aluminium.
European shares ended mostly flat on Wednesday, bouncing off intraday lows as many investors used the early dip to boost their exposure to equities.
Asian shares ended in the red on Wednesday as cautious investors waited for crucial economic data from China later this week, while the yen's extended gains spurred profit taking in Japanese equities after their recent rally.
Technology stocks fell to push European shares lower and send Germany's benchmark DAX index to a 2013 low on Tuesday.