Asian stocks followed Wall Street lower on Thursday on speculation that the Federal Reserve could pull back on its stimulus program soon.» Read More
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.
June 28- Benefiting from a recent U.S. Supreme Court decision, Rio Tinto Plc has won the dismissal of a nearly 13- year-old U.S. lawsuit accusing the Anglo-Australian mining company of complicity in human rights abuses on the South Pacific island of Bougainville. The ruling follows the Supreme Court's April 17 decision in Kiobel v.
Mining company Gem Diamonds, announced on Wednesday it had found a 100 carat rough diamond, the third big diamond found by the company in just two months.
Asian stock markets surrendered early gains on Wednesday with the Shanghai Composite index leading declines as investors continued to worry about strained liquidity conditions in China despite reassurance from the central bank.
Gold mining stocks have lost their luster as commodity prices fall. But investors may be missing improving fundamentals, say fund managers.
Japan's benchmark Nikkei index soared to a one-week high on Wednesday, underpinned by continued weakness in the yen and optimism about the Federal Reserve's policy decision.
The Great Rotation may not consist of a mass rush out of bonds, but wait until investors see their quarterly statements.
Some of the names on the move ahead of the open.
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.