Tagged: Rio Tinto

DataRoom AM: Betting on Fortescue

By Alexander Liddington-Cox FlexiGroup chief executive Tarek Robbiati has shrugged off missing out on GE Capital’s $7. 5 billion consumer loans business, saying a sale to private equity would benefit the local industry. “The next 18 months...

Rio Tinto predicts 1b-ton production

Rio shares, which fell 15 per cent last year, traded 1. 2 per cent lower at $60 at 1:03 pm in Sydney. "I reconfirm our view on an attractive long-term demand for iron ore,...

Shares hit six and half year high

By Dow Jones Newswires with Michael Roddan BHP Billiton added 3. 43 per cent to $30. 615, while rival Rio Tinto gained 1. 86 per cent to $58. 54. ANZ lifted 1. 74 per cent to $33. 95, while Commonwealth Bank surged 0. 99 per cent to $90....

Iron ore slips to new five-year trough

By Daniel Palmer At the end of the latest offshore session, benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at $US62. 70 a tonne, down 0. 2...

Share market rises despite mining and energy losses

The gains offset significant resources and energy losses, in the wake of falling iron ore and other commodity prices. Santos lost 3. 1 per cent, Oil Search fell 3. 4 per cent and Woodside...

Shares post biggest weekly gain in two years

By Michael Roddan & AAP The ECB‘s anticipated decision to buy €60 billion ($85bn) worth of private and public sector bonds a month, between this March and September 2016, helped the local share market climb by...

Euro zone stimulus lifts Australian shares

Apart from the pureplay iron ore miners, the resource sector posted strong gains.  Among the big miners, BHP closed up 2. 85 per cent to $28. 85 and Rio Tinto lifted 2. 56 per...