China's Shanghai Composite index crashed more than 7 percent on Friday, chalking up its worst single-day loss since January 19.» Read More
June 26- Mining firm Rio Tinto Ltd has pledged to invest at least $250 million to $300 million in the construction of the underground section of the massive Oyu Tolgoi copper and gold mine in Mongolia this year, Mongolia's prime minister said on Friday. The second phase of construction at the mine is expected to begin this year, Prime Minister Chimed Saikhanbileg...
Asian shares mostly rise on a quiet Friday, with China's Shanghai Composite index edging up to its highest close since January 2008.
June 11- Rio Tinto Ltd said it was assessing an about $300 million non-cash impairment charge related to its shareholding in Energy Resources of Australia Ltd. Uranium prices plunged after the March 2011 meltdown at Japan's Fukushima nuclear plant. Rio Tinto also said it would assist ERA in funding the rehabilitation program at the Ranger mine near Kakadu...
Asian equity markets tide over a data-heavy Thursday with advances across the board.
Stock markets in China rode out a volatile session to settle at new seven-year peaks on Friday, while other bourses in the region nursed modest losses.
A majority of Asia's stock markets fell on Wednesday, as upbeat economic data in the region failed to boost trading sentiment.
As regional bourses stumbled on the back of a slew of central bank decisions, Shanghai stocks outperformed on Tuesday.
Shanghai shares hogged the spotlight on Friday, as the key Shanghai Composite index extended losses, while Japan was the "quiet achiever" for the day.
Mainland markets were the biggest losers in the region on Thursday, as fears over tighter requirements on margin financing ignited risk-off sentiment.
The Shanghai Composite clinched a fresh seven-year high on Friday, while markets in Japan edged up to finish at their highest levels in 15 years.
China's equity markets stood out amid mixed trading in the region on Thursday, as investors bet on further economic stimulus from Beijing.
Asian equities traded mixed on Thursday, with Sydney and Tokyo coming under pressure as their local currencies strengthened against the greenback.
BELO HORIZONTE, BRAZIL, May 11- Anglo American may increase capacity at its Minas-Rio iron ore mine in Brazil by nearly 10 percent, a move that could cut unit costs at the troubled $13 billion project, the company's Brazil chief executive said on Monday. Production volume could rise as high as 29 million tonnes in the 2018-2020 period, 9.4 percent more than the...
BELO HORIZONTE, BRAZIL, May 11- Anglo American may increase capacity at its Minas-Rio iron ore mine in Brazil by nearly 10 percent, a move that could cut unit costs at the troubled $13 billion project, the company's Brazil chief executive said on Monday. Production volume could rise as high as 29 million tonnes, 9.4 percent more than the mine's expected capacity of...
Chinese shares plummeted on Tuesday, while their counterparts in Sydney witnessed volatile trade following the Reserve Bank of Australia's rate cut.
China stocks soared to multi-year highs on Monday while caution over central bank meetings weighed on the rest of Asian indices.
Asian stocks finished lower on Monday even as China's central bank lowered the reserve requirement ratio over the weekend.
Iron ore's price plunge is likely to start claiming corporate casualties among the industry's smaller players, Goldman Sachs said.
Asia's equities joined their global peers to rise on Thursday, with China's Shanghai Composite index finishing at a fresh multi-year high.
Chinese shares touched fresh seven-year highs on Monday, while Japan's Nikkei 225 struggled to find momentum.