Indian shares outperformed on Thursday while the rest of region declined on uncertainty over when the Federal Reserve may taper its stimulus program.» Read More
H1 group underlying earnings down 18 percent to $4.23 bln. By Sonali Paul and Clara Ferreira-Marques. MELBOURNE/ LONDON, Aug 8- Mining group Rio Tinto Ltd/ Plc has scrapped efforts to sell its loss-making Pacific Aluminium business, blaming poor market conditions as weaker iron ore, copper and coal prices dragged first-half profit down 18 percent.
Japan's benchmark index suffered a second consecutive steep fall on Thursday after the previous day's 4 percent tumble as the yen rose, while the rest of Asia ended mixed following China's upbeat trade figures.
Global miner Rio Tinto signaled it has given up hope of ditching its Pacific Aluminium business, as it reported an 18 percent drop in first-half underlying earnings.
Gavin Wendt, Founding Director & Senior Resource Analyst at MineLife, explains his forecast for underlying first-half earnings of $4.3 billion.
Harry Adams, Managing Director at EMED Mining, discusses the firm's project to redevelop Rio Tinto's Spanish copper mine at the second day of the annual Diggers & Dealers conference.
SYDNEY, July 29- The frontrunner to become Australia's next prime minister, Tony Abbott, holds ambitious plans to develop the country's sparse and inhospitable north by 2030 to attract a new wave of mining investment and boost agricultural exports to Asia.
Belgian drugmaker UCB has been visited by Chinese authorities as the country widens investigations into bribery by drugmakers, following allegations against GlaxoSmithKline.
Vincent Pisani, Resource Research Analyst at Shaw Stockbroking says that incoming CEO Tom Mackenzie is more focused on ground-field expansion and that's good for BHP.
Daniel Morgan, global commodities analyst at UBS, comments on Rio Tinto's quarterly results and how the slowdown in China will affect iron ore pricing.
Japan's benchmark index hit a new seven-week high on Tuesday as it resumed trade after being shut for a long weekend but the rest of Asian stocks traded cautiously on worries over global economic growth.
Colin Hamilton, global head of commodities research at Macquarie Group, discusses the mining sector and expects the large companies at the bottom of the cost curve to see some strong profits.
Gaurav Sodhi, Resources Analyst at Intelligent Investor, explains why he has a hold recommendation on global miner Rio Tinto.
European shares closed higher on Monday as investors breathed a sigh of relief following the release of second-quarter Chinese growth data.
BEIJING, July 15- Chinese police on Monday accused British drugmaker GlaxoSmithKline of channelling bribes to Chinese officials and doctors through travel agencies to boost sales illegally and raise the price of its medicines in the country.
*GSK has previously said it found no evidence of bribery in China. BEIJING, July 15- Chinese police on Monday accused British drugmaker GlaxoSmithKline Plc of channelling bribes to Chinese officials and doctors through travel agencies for six years to illegally boost sales and to raise the price of its medicines in the country.
BEIJING/ LONDON, July 11- GlaxoSmithKline executives in China have confessed to bribery and tax violations, the country's security ministry said on Thursday, during one of a string of investigations into foreign firms in the world's second-biggest economy.
*Biggest graft case involving foreign firm in China for three years. BEIJING, July 11- Executives of GlaxoSmithKline Plc in China have confessed to charges of bribery and tax law violations, the country's security ministry said, in one of the most prominent graft cases involving a foreign company in three years.
China's export figures are not good news for GDP figures, which will be released on Sunday night.
We are hearing the usual chorus of complaints at the start of earnings season, that profits look anemic, but data suggests things may not be that bad.
First copper exports from Rio Tinto's $6.6 billion Oyu Tolgoi mine in Mongolia may start early next month after incumbent Tsakhia Elbegdorj secured a second four-year term.