BEIJING— China accused the United States on Thursday of hampering trade after Washington imposed duties of up to 450 percent on Chinese steel in its latest response to a flood of low-priced imports. Beijing faces mounting criticism from the United States and Europe that it is exporting steel at unfairly low prices to clear a backlog in its glutted home market. » Read More
With iron ore still at multi-year lows, a reported interest by China’s biggest steelmaker for Fortescue Metals makes business sense, analysts say.
Agricultural companies Monsanto and Syngenta are working with investment banks on a takeover deal, three sources familiar with the matter said.
Sluggish demand at home is driving up the supply surplus at China’s steel mills to critical levels and will drive down global prices, analysts warn.
Iron ore's price plunge is likely to start claiming corporate casualties among the industry's smaller players, Goldman Sachs said.
Canadian gold mining companies Alamos Gold and AuRico Gold are merging in a deal valued at approximately $1.5 billion.
Alcoa reported a mixed quarter on Wednesday, beating expectations on earnings, but missing on revenue.
Warren Buffett's Berkshire Hathaway is paying $560 million for a nearly 10 percent stake in Axalta Coating Systems.
Ambrosino Brothers' Todd Colvin said investors looking for safety amid a volatile market should buy gold.
Many Chinese steel mills could close this year, with the state expected to offer incentives for enterprises to shut due to slowing economy and pollution.
Alcoa said it would acquire titanium supplier RTI International Metals for $1.5 billion, or the equivalent of $41 per share, in an all-stock deal.
The US market rally continued Friday as US stocks kept rising on European numbers and easing China regulations.
The CNBC Crowdfinance 50 Index lists the most active private companies raising capital through the use of equity crowdfunding platforms.
Potash Corp. of Saskatchewan reported a better-than-expected quarterly profit, helped by strong potash sales and lower costs.
International Paper on Wednesday reported fourth-quarter earnings of $134 million.
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.
Stable, low oil prices are good because the drop in crude is supply-driven and will act as stimulus, Dow Chemical CEO Andrew Liveris tells CNBC.
As it continues to shift its business model, Alcoa delivered fourth-quarter earnings and revenue that topped analysts' expectations.
Joy Global, which gets more than 60 percent of its revenue from coal miners, reported a 4 percent fall in revenue as customers cut production.
The abrupt retirement of United Technologies' CEO was in part due to growing concerns over his private interests, The Wall Street Journal reported.
CNBC's Diana Olick reports on the potential impact of lower oil prices to materials companies and homebuilder companies.
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