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  • Chinalco More Likely to Raise Rio Stake Tuesday, 18 Mar 2008 | 7:58 AM ET
    Rio Tinto

    Chinalco, the Chinese metals company that led a stunning $14 billion investment in Rio Tinto could raise its stake in the global mining firm and has no intention of cutting back on its ambitions elsewhere.

  • Euro Stocks Sink on Carlyle Default, US Data Thursday, 13 Mar 2008 | 2:02 PM ET

    European stocks resumed their downward trajectory Thursday, wiping out the previous session’s gains, after Carlyle Capital defaulted on about $16.6 billion of debt, unsettling investors.

  • Euro Stocks End Higher on Central Bank Action Tuesday, 11 Mar 2008 | 1:47 PM ET

    European markets closed higher across the board Tuesday, but off session highs, after news of fresh liquidity action from the Federal Reserve and other central banks boosted the major indexes.

  • Antofogasta Profit Falls, Predicts Rising Costs Tuesday, 11 Mar 2008 | 12:59 PM ET

    London-listed Chilean miner Antofagasta posted a below-forecast dip in annual pretax  profit on Tuesday after weaker output and cautioned that costs were expected to rise this year.

  • Euro Stocks End Lower as Banks, Tech Fall Tuesday, 4 Mar 2008 | 12:24 PM ET

    European stocks closed firmly lower Tuesday, with banking the technology stocks suffering heavy selling after Intel lowered its gross margin forecast for the current quarter.

  • BHP Billiton Talks to Banks on $55 Billion Loan Tuesday, 4 Mar 2008 | 3:52 AM ET

    Dual-listed mining giant BHP Billiton is talking to sub-underwriting banks on a record $55 billion loan backing its hostile bid for rival Rio Tinto, banking sources said.

  • Xstrata Profit Jumps 13%, Vale Talks Go On Monday, 3 Mar 2008 | 12:47 PM ET

    Miner Xstrata posted a 13 percent rise in annual net profit on Monday on strong output, but gave little detail about ongoing talks regarding a possible takeover by Brazil's Vale.

  • Banks Lead Euro Stocks Lower; HSBC Gains Monday, 3 Mar 2008 | 11:56 AM ET

    European stocks closed lower across the board Monday, despite recovering form earlier lows, with banks suffering the worst of the selling on continued concerns over the state of the U.S. economy.

  • US Data Push European Stocks Lower Friday, 29 Feb 2008 | 11:48 AM ET

    European stocks ended lower across the board Friday after data showed manufacturing in the U.S. Midwest fell to the lowest level in over six years, worsening the outlook for the world's biggest economy.

  • Vale Talks to Take over Xstrata Hit Impasse Thursday, 28 Feb 2008 | 5:14 AM ET

    A dispute over marketing rights held by mining group Xstrata's biggest shareholder is threatening a possible takeover by Brazil's Vale worth around $90 billion, a source close to the situation said on Thursday.

  • Brazil Miner Vale Raises Bid for Xstrata: Source Thursday, 21 Feb 2008 | 9:47 AM ET

    Brazilian miner Vale has raised its bid for rival Xstrata by 17 percent to more than $89 billion, and a formal offer is expected in the coming days, a source with direct knowledge of the merger talks said Thursday.

  • Euro Stocks End Lower on Bank Concerns Wednesday, 20 Feb 2008 | 1:17 PM ET

    European stocks ended firmly lower Wednesday as the outlook for banks remained gloomy in the wake of writedowns from Alliance & Leicester and BNP Paribas.

  • Investors Punish ThyssenKrupp for Results Confusion Wednesday, 13 Feb 2008 | 2:23 PM ET

    German industrial group ThyssenKrupp on Wednesday posted a first-quarter pretax profit drop in line with its preliminary guidance but investors punished the company for confusion over its results.

  • ArcelorMittal Meets Profit Forecasts, CFO Bullish Wednesday, 13 Feb 2008 | 2:21 PM ET
    Factory, Anshan, China

    Arcelor Mittal's profit came in at the top of analysts’ expectations Wednesday but its shares fell on profit taking, despite bullish comments from Aditya Mittal, president and CFO of the world’s largest steel maker.

  • Euro Stocks End Mixed, US Retail Boosts Wednesday, 13 Feb 2008 | 12:25 PM ET

    European stocks ended mixed Wednesday, despite surprisingly good news from the U.S. retail sector, which pulled the major indexes higher in the afternoon session.

  • Rio CEO Predicts Growth, Says BHP Bid too Low Wednesday, 13 Feb 2008 | 11:17 AM ET
    Rio Tinto.jpg

    Rio Tinto will continue to benefit from high Chinese demand for resources thie year, while BHP Billiton's bid is 'a long way away' from valuing the company fairly, Rio's CEO told CNBC.

  • Xstrata Rejects $76 Billion Bid Approach from Vale: FT Tuesday, 12 Feb 2008 | 1:08 PM ET

    Miner Xstrata has rejected a cash-and-shares takeover approach from Brazil's Vale pitched at just under 40 pounds a share, or 39 billion pounds ($76 billion), the Financial Times said.

  • Euro Stocks Rally, Financials Gain Tuesday, 12 Feb 2008 | 12:40 PM ET

    European stocks closed sharply higher Tuesday, after U.S. billionaire investor Warren Buffett inspired a late rally by offering to take on $800 billion worth of debt insured by top bond insurers.

  • Euro Stocks End Lower, Banks Decline Monday, 11 Feb 2008 | 1:12 PM ET

    European stocks ended lower across the board Monday, with banking and insurance stocks suffering the worst of the selling. Warnings of further financial turmoil from G7 finance ministers at the weekend contributed to the session’s bearish sentiment.

  • Rio Urges Shareholders to Take No Action on BHP Bid Monday, 11 Feb 2008 | 6:51 AM ET

    The chairman of mining company Rio Tinto wrote to shareholders on Sunday, urging them to take no action on a bid for the company by rival miner BHP Billiton.

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