Rio Tinto posted an 8 percent drop in first-quarter shipments compared with the previous quarter due to weather disruptions in Australia and Canada.» Read More
CANBERRA, Oct 2- Australian iron ore magnate Andrew Forrest and his Fortescue Metals Group have won a High Court challenge over a conviction for misleading investors, opening the way for Forrest to return as an executive director of the company he founded.
Global mining groups, such as BHP Billiton, Vale and Anglo American, are pruning their expansive portfolios, as calls from shareholders for greater focus and spending discipline prompt them to shed non-core assets.
Some hedge funds have lost hundreds of millions of dollars in the recent commodity market blow-off and it has certainly reintroduced an element of two-way action back into the trade.
Asian stocks ended mixed on Friday as investors shunned risk on concerns about the pace of policy tightening in the region and growing tensions in Egypt.
Asian stocks were mostly lower on Thursday after a retreat on Wall Street.
Asian markets fell on Wednesday after China's central bank raised interest rates for the second time in just over six weeks to rein in stubbornly high inflation. Chinese property and resource counters remained under pressure.
Most Asian share markets struggled for traction on Tuesday, but Japan's Nikkei hit a fresh 9-month high and Australian stocks rose as hopes of a sustained recovery for the rich world encouraged investors to switch funds from emerging to developed markets.
Asian stocks jumped on Wednesday and the dollar sank as a surge in U.S. manufacturing and strong company earnings convinced investors to pile back into riskier assets despite turmoil in Egypt.
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Egypt's leadership uncertainty is bringing another major economic story — global food inflation — to the fore as a key geopolitical event.
China’s M&A activity hit record levels in 2010, with overseas acquisitions dominating a quarter of the deals. While Chinese firms have had success in its quest to go global, the end result is not always smooth sailing.
Asian stocks were higher on Monday on mild bargain buying after a sell-off last week.
Asian stocks finished lower with substantial declines for Chinese shares on worries stronger than expected growth could lead to tighter monetary policy.
Asian stocks opened mostly higher Wednesday, after gains on Wall Street, buoyed by robust earnings for Apple whose stock climbed in extended trade and after target price hikes for Google lifted Wall Street.
Asian stocks closed mixed on Friday, weighed down by a drop in resources-related shares as commodity prices declined.
Asian markets ended mixed on Friday as investors stayed cautious ahead of the U.S. nonfarm payrolls report.
Asian markets closed mixed on Wednesday following a broad commodities selloff but losses were limited as stronger-than expected U.S. factory data lent support.
Japanese stocks led Asian equities higher on Tuesday, climbing to their highest since May, with investors betting the improving U.S. recovery may be reflected in jobs data later in the week.
The "Fast Money" traders bet 2011 will be a big year for M&A.