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.» Read More
Jay Richards, Investment Manager, GTL Capital Management says the Mongolian government is in a better position than Rio Tinto in terms of pressuring the company to come to terms with payments on the Oyu Tolgoi copper and gold mine.
European shares closed higher on Thursday as investors watched to see whether a last-minute deal can avert the $85 billion of automatic spending cuts due in the U.S. on Friday.
SAO PAULO, Feb 27- Brazilian mining giant Vale SA posted its first quarterly loss in 10 years, taking $5.66 billion of writedowns on money-losing mines as it follows rivals in cutting costs and bolstering finances in the face of a volatile world economy.
SAO PAULO, Feb 27- Brazilian mining giant Vale SA posted its first net loss in 10 years in the fourth quarter after taking $5.66 billion in charges for underperforming mines and other mills, a loss twice as big as expected.
Here's the "Fast Money" Final Trade.
A massive sell-off in Asian stock markets on Thursday erased the previous day's strong gains after Wall Street fell on minutes from the Federal Reserve's latest meeting as worries mount the United States could stop or cut its monetary stimulus program.
Some of the names on the move ahead of the open.
Marius Kloppers, outgoing CEO at BHP Billiton discusses the global miner's 43 percent profit slump while incoming CEO Andrew Mackenzie describes BHP's future strategy.
Evan Lucas, Market Strategist at IG Markets says the appointment of Andrew Mackenzie as CEO of BHP is at a fairly aggressive timing.
Paul Trainor, Senior Portfolio Manager at Macquarie Private Portfolio Management says he has a preference for BHP Billiton shares over rival Rio Tinto. He says incoming CEO Andrew Mackenzie will continue the company's strategy to remain highly diversified.
Marius Kloppers, outgoing CEO of BHP Billiton reassures shareholders at a Sydney press conference that the world's biggest miner won't change tack after shocking investors by announcing Kloppers' retirement in May.
2013’s surge in merger and acquisition-related activity is heading for Europe, according to strategists who say the continent has the same essential ingredients in place for a revival in deals as the U.S.
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.