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Jim Cramer has seen a hideous return for bottom fish stocks. Here are the stocks he considers to be the top fish for the year.
NEW YORK, Dec 2- Brazil's Vale SA said on Thursday it is considering the sale of a minority stake in its base metals unit in an initial public offering, as it looks to raise funds for key projects in the midst of sliding commodity prices. Chief Executive Murilo Ferreira told investors in New York that Vale is considering selling 30 percent to 40 percent of the...
NEW YORK, Dec 2- Brazil's Vale SA is considering the sale of a minority stake in its base metals division through an initial public offering as it looks to raise cash for core projects amid lower commodity prices, its CEO said on Tuesday. Vale Chief Executive Murilo Ferreira told investors in New York that the IPO would only take place if market conditions were "...
Dec 2- Brazil's Vale SA is considering listing part of its global base metals business in Toronto and London, according to multiple sources with knowledge of the plan, as the miner looks to fund capital projects amid a collapse in iron ore prices. Vale could outline the broad details of the plan for Toronto and London as early as Tuesday at an investor day event in...
VANCOUVER/ TORONTO, Dec 1- Brazil's Vale SA is considering listing part of its global base metals business, two sources with knowledge of the matter said on Monday, as the miner looks to fund capital projects amid a collapse in iron ore prices. Vale could outline the plan to list a new entity in Toronto and London as early as Tuesday at an investor day event being held...
Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.
Iron ore prices have dived this year and there's no respite ahead for the metal, according to Citi, which forecasts double-digit declines in 2015.
TORONTO, Nov 10- Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize- weaker local currencies and falling oil prices that will help trim their costs. "It's definitely a silver lining," said Chris Mancini, analyst at Gabelli Gold Fund. Agnico Eagle Mines Ltd, which produces two-thirds of its gold in Canada,...
RIO DE JANEIRO, Oct 30- Vale posted a surprise $1.44 billion loss, and its shares tumbled to a 5-1/ 2- year low as investors worried about the cost of the Brazilian miner's expansion plans and a possible cut to its dividend in a new era of lower iron ore prices. Vale SA cited low iron ore prices and a weak local currency for the third-quarter loss. Vale is attempting to...
Rio Tinto said a strong third quarter and productivity gains led to a 12 percent rise in iron ore production as price volatility persists.
Traders are also watching Brazil after its election surprise.
BHP Billiton aims to cut its iron ore production costs by more than 25 percent and squeeze more tons from its mines as it aims to overtake Rio Tinto.
China's steel consumption fell for the first time, leading to a surplus of iron ore and a 40 percent plunge in prices of the steelmaking raw material.
Gaurav Sodhi, Resources Analyst at Intelligent Investor, discusses why major producers like Vale are cranking up iron ore output despite the recent slump in prices.
A new deal with Chinese shipping firm Cosco will help Vale capture a larger share of the Chinese iron ore market, CEO Murilo Ferreira told CNBC.
Murilo Ferreira, CEO of Vale, tells CNBC's Sri Jegarajah why he isn't worried about the recent slump in iron ore prices. He also explains why he remains upbeat on China.
Some of Thursday's midday movers:
American investors aren't panicked about the re-emergence of Ebola in Africa, at least in the long term.
In a raft of energy, finance and industry accords signed, China and Brazil will team up to build railways.
Rio Tinto said it was on track to produce 295 million tons of the steel-making material in 2014, up from 266 million last year.