Rio Tinto reported an 11 percent rise in annual iron ore shipments, roughly in line with its full-year guidance of 340 million tons.» Read More
Asian stock markets moved off session highs on Friday to end mixed with the Nikkei leading gains by 1.4 percent after its stunning 5 percent dive in the previous session. Sentiment improved after latest U.S. data eased concerns of an early end to the Federal Reserve's bond-buying program.
Japan's benchmark index skidded below the 14,000 mark to a one-month low on Thursday, weighed down by a strengthening yen and volatile Japanese government bond yields (JGBs). The session brought the benchmark's total losses to 14 percent since last Thursday's plunge.
Japan's stock market finished Thursday's session 7 percent lower, in a hugely volatile session which saw the Nikkei gain 2 percent in early trade only to dive to a one-week low late in the session.
Australian stocks retreated from Tuesday's four-and-a-half-year high after Chinese manufacturing data revealed the nation's economic recovery may not be on solid footing while the Nikkei 225 extended losses as the yen strengthened.
Mining group Rio Tinto plans to almost halve the size of its London head office, cutting more than 200 jobs as it tries to slash more than $5 billion in costs by the end of next year.
Asian stock markets traded cautiously on Friday as investors digested a raft of regional corporate earnings and as attention turned to first-quarter U.S. GDP figures for signs of whether the rally on Wall Street can continue.
Asian stocks reversed earlier losses on Friday led by a 2 percent rally in Shanghai as investors cheered news that the yuan's trading band may be widened, which offset bearish sentiment triggered by weak U.S economic data.
Russia is a prime investment location because of its massive natural resources, Ivan Glasenberg, the CEO of commodity trader Glencore said on Thursday.
Brad Partridge, Portfolio Manager at Macquarie Private Portfolio Management says the way the market deals with Rio Tinto's huge iron ore production expansion is key to the direction of its shares.
European shares closed off their session lows on Tuesday, as U.S. earnings season kicked into high gear following a slew of upbeat earnings reports from heavyweights Goldman Sachs, Coca-Cola, and Johnson & Johnson. U.S. shares were boosted by the news and the pan-European FTSEurofirst 300 Index closed provisionally down.
Slowing growth signs are everywhere, not just in China.
European shares closed lower on Monday, after news of an unexpected slowdown in China sparked a commodities sell-off.
Some of the names on the move ahead of the open.
The super cycle in commodities has come to an end, according to researchers at Citi, who downgraded several mining stocks on Monday as metals prices have continued to decline.
The rally today is broad, with defensive names advancing at almost the same pace as cyclical names. The S&P 500 gapped up about six points right at the open.
The unprecedented moves by the Bank of Japan on Thursday to end years of deflation brought about a breath-taking turnaround in Japanese stock markets that saw the Nikkei 225 closing up 2.2 percent by the end of the day, at four and a half year highs.
Asian markets eased off their lows to close mixed on Tuesday after comments from the Eurogroup president about using the Cypriot "bail-in" as a template for future deals spooked investors while Shanghai shares led losses over liquidity fears.
Asian stocks were under pressure on Wednesday as concerns rose if a bailout deal was still possible for Cyprus while Greater Chinese shares ignored the news to outperform the market as attention turned to domestic issues.
Extreme bearish forecasts for iron ore prices to drop to as low as $70 a metric ton are an overreaction to the oversupply situation in the sector, said the CEO of the world's fourth largest iron ore producer.
Nev Power, CEO of Fortescue Metals tells CNBC why doesn't expect a drastic increase in new iron-ore supplies. He thinks prices will stay up in the long-term on stabilizing Chinese demand.