Asian stocks stumbled on Monday, as falling energy prices and disappointing manufacturing data out of China ignited "risk-off" sentiment.» Read More
Chinese steelmakers are helping the biggest miners tighten their grip on iron ore production by paying the depressed spot prices.
Asian shares rose on Thursday, undeterred by a weaker finish in the U.S. as gains in crude prices overnight boosted oil-related counters.
Asian stocks outside Australia recovered from a lackluster open to rise on Monday as a modestly positive lead from Wall Street offset the impact of sliding oil prices.
Asian equity markets struggled for direction on Wednesday following an uninspiring lead from Wall Street overnight.
After a lackluster morning session, Asian stocks mostly advanced on Friday, with Tokyo, Shanghai and Sydney markets finishing the week at new highs.
Stocks in Japan and China settled at new multi-year highs for the second straight session as investors awaited the Federal Reserve's policy meeting.
Asian shares largely rose on Friday, supported by a stronger close on Wall Street overnight, with Japanese and South Korean markets scaling fresh highs.
Australian shares fell below the flatline on Tuesday after the Reserve Bank of Australia (RBA) surprised most market watchers by holding back on further easing.
Asian stocks kicked off the week on a positive note, as an interest rate cut in China on Saturday offset a weaker finish on Wall Street last week.
RIO DE JANEIRO, Feb 26- Shares in Brazil's Vale SA plunged 5 percent on Thursday as the miner posted full-year net income well below analyst forecasts due to a weaker iron ore price and Brazilian currency. The halving of iron ore prices has hit the world's largest producer of the steelmaking ingredient as increased output from Australia coincided with slower...
RIO DE JANEIRO, Feb 26- Brazilian miner Vale SA posted full-year net income of $657 million on Thursday, well below analyst forecasts, hurt by weakness in iron ore prices and in Brazil's real currency versus the dollar. Despite record production of iron ore and nickel last year, the dramatic fall in profits and cash flow is increasing pressure on Vale to sell assets...
Asian stocks traded mixed on Tuesday, as a rebound in crude oil prices brought mixed blessings, while speculation that the Reserve Bank of Australia (RBA) will cut rates today continued to buoy Australian equities.
Asian equities outside China traded higher on Friday, following a halt in the sell-off in energy markets and as traders digest the raft of earnings releases in Tokyo and Seoul.
Asian shares hit fresh highs on Tuesday, as investors deemed a Greek exit from the euro zone unlikely.
Economists may teach that low prices and declining demand encourage producers to decrease supply, but the iron ore industry may have skipped class that day.
BHP Billiton said it would cut its spending on shale drilling as it looks to meet its promise not to reduce dividends amid commodity price crashes.
Times are tough for Australia's junior miners as plunging iron ore prices squeeze them out of the market, but oil's decline may provide respite.
Asian stock markets traded higher late Tuesday, with sentiment supported by China's fourth quarter gross domestic product which beat expectations.
Australia took a double-whammy from record-low interest rates and commodity-price drops, but the selloff has left its market attractive to yield chasers.
Asian equity markets raked in gains on Thursday, as the fall in oil prices abated, while a positive finish on Wall Street overnight lifted trading sentiment.