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Vale SA

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  • SAO PAULO, March 31- Petrobras, Brazil's state-run oil company, will not sell its fuel distribution arm as part of its ongoing asset sale plan, company board member Silvio Sinedino said on Tuesday. In a live speech broadcast on Youtube, Sinedino said Aldemir Bendine, chief executive of the company, officially Petroleo Brasileiro SA, told a recent board meeting that...

  • SAO PAULO, March 30- Brazil's state-run oil company Petroleo Brasileiro SA said in a securities filing on Monday that Mauro Gentile Rodrigues da Cunha, the board member elected by minority shareholders, had decided not to run for another term.

  • SAO PAULO, March 12- Brazilian meats company JBS SA plans to focus on Australia, its U.S. pork operations and its processed foods division under a 2015 strategy focused on "organic expansion" rather than acquisitions, CEO Wesley Batista said on Thursday. JBS plans to finalize its $1.25 billion purchase of Australian processed foods maker Primo Smallgoods this...

  • Gold ends lower around $1,204 an ounce Tuesday, 3 Mar 2015 | 3:02 PM ET

    Gold steadied as positive technical signals & an easing of the dollar against a basket of currencies helped the metal to recover from early losses.

  • MANILA, March 3- Gold was steady above $1,200 an ounce on Tuesday after falling off a two-week peak the session before, struggling to push higher as the dollar hovered near an 11- year high. *Spot gold was nearly flat at $1,207.25 an ounce by 0012 GMT. It touched a two-week high of $1,223.20 on Monday on firm Chinese demand before closing lower.

  • 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...

  • RIO DE JANEIRO, Feb 19- Brazilian miner Vale SA said on Thursday it produced 319.2 million tonnes of iron ore in 2014, beating its forecast for the year, as it begins to boost production after years of stagnation. The growth in production will be more than offset by falling iron ore prices, which fell by half last year as a massive increase in Australian capacity...

  • Asian equities mixed on Greece, but Tokyo outperforms Thursday, 12 Feb 2015 | 6:25 AM ET

    Asian stocks traded mixed on Thursday, as euro zone finance ministers failed to reach a deal with Greece, while losses in oil prices overnight compounded the depressed sentiment.

  • Why iron ore won’t rebound any time soon Monday, 26 Jan 2015 | 10:53 PM ET
    Rail cars laden with iron ore arrive at the receiving facility at Fortescue Metals' Herb Elliott Port in Western Australia.

    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.

  • WASHINGTON, Jan 14- The International Monetary Fund plans to appoint a new deputy managing director who will for the first time focus on the day to day running of the global financial institution. Carla Grasso, who used to work at Brazil's Vale SA, the world's largest iron ore producer, will become a deputy managing director and the newly created Chief...

  • Jan 13- Former Xstrata Plc Chief Executive Mick Davis is considering a bid for Vale SA's nickel business, the Bloomberg reported. Davis's investment vehicle X2 Resources values Vale's nickel business at $5 billion to $7 billion, Bloomberg said, citing two people, who asked not to be identified because the negotiations are private. X2 has raised about $4.8...

  • Jan 13- Former Xstrata Plc Chief Executive Mick Davis is considering a bid for Vale SA's nickel business, the Bloomberg reported. Davis's investment vehicle X2 Resources values Vale's nickel business at $5 billion to $7 billion, Bloomberg said, citing two people, who asked not to be identified because the negotiations are private. There has not been any formal...

  • Japanese firms snap up coal assets Sunday, 21 Dec 2014 | 8:02 PM ET

    A flurry of acquisitions of coal assets by Japanese firms signals that some trading houses are betting a depressed coal market is bottoming out.

  • Lightning Round: The worst pick I ever made Thursday, 11 Dec 2014 | 7:31 PM ET
    Mad Money Lightning Round

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Cramer Remix: This stock is on a major turnaround Thursday, 11 Dec 2014 | 7:06 PM ET
    Jim Cramer on Mad Money.

    This stock could be a real Grand Slam, said "Mad Money" host Jim Cramer.

  • LONDON, Dec 4- Japanese trading house Mitsui& Co is set to buy a stake in Vale's Moatize coal project in Mozambique, according to two sources close to the situation. Under terms of the sale, Mitsui will buy 15 percent of the mine for about $450 million from the Brazilian miner, one of the sources said. Vale SA, which has been hit by a dramatic fall in the price of its key...

  • SAO PAULO, Dec 4- Banco Santander Brasil SA, a unit of Spain's Banco Santander SA, is in talks with large Brazilian companies for the first green bond offering in Latin America's largest economy, where several infrastructure projects qualify as such issues. "There is a lot of potential for this type of bond in Brazil, due to the number of infrastructure projects...

  • SYDNEY, Dec 3- London copper was steady on Wednesday, holding above 4-1/ 2 year lows touched earlier this week as oil prices revived, but a stronger dollar and expectations of swelling supply kept gains in check. Copper prices sank to 4-1/ 2 year lows on Monday at $6,230.75 a tonne. *The most-traded February copper contract on the Shanghai Futures Exchange climbed 0.5...

  • Cramer Remix: The best stocks to own now Tuesday, 2 Dec 2014 | 7:07 PM ET

    It’s this stock, and its partner in crime, that "Mad Money" host Jim Cramer believes are heading higher.