Miner BHP Billiton is considering more joint ventures like its 50-50 iron ore deal with Rio Tinto as it seeks to increase production while keeping costs under control.
Mining group Xstrata gave up pursuit of rival Anglo American on Thursday due to "value" issues after many Anglo shareholders rejected its merger of equals proposal and demanded a premium.
Rio Tinto, the world's second-largest miner, reported a 54 percent drop in first-half earnings on Thursday, its biggest half-year slump on record, as aluminium prices and demand collapsed.
As the Markey-Waxman bill on carbon emissions cap-and-trade makes it way through the Senate, a new carbon-counting reality may soon be here for American businesses.
Investors should put their cash to work and focus on leading economic indicators, and not lagging indicators such as the unemployment rate, advised Daphne Roth, head of equity research at ABN AMRO Private Banking.... Read More
Look to invest in hot growth spots in Asia such as China's oil refiners and wind power firms, as the region's economy will see a stronger recovery compared to the rest of the world, said Philip Niem, head of Asia discretionary portfolio management at Barclays... Read More
Lucinda Chan, divisional director at Macquarie Private Wealth is adding stocks to her portfolio, in particular those that will ride the upturn in more developed economies such as the U.S... Read More