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Stock Market & Financial Investment News

News Breaks
January 22, 2013
07:28 EDTBHP, RIOTropical storms close Australian iron ore ports, Reuters reports
A tropical storm intensifying off Australia's northwest coast brought nearly half the world's iron ore trade to a halt today, idling huge ports used by Rio Tinto (RIO) and BHP Billiton (BHP), reports Reuters. One port, Port Hedland is used by BHP Billiton, Fortescue Metals Group and Atlas Iron. Reference Link
News For BHP;RIO From The Last 14 Days
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December 18, 2014
06:52 EDTRIOVale attempt to dismiss Rio Tinto suit rejected, WSJ says
Vale's (VALE) attempt to have a lawsuit filed against it by Rio Tinto (RIO) was rejected by U.S. Southern District of New York Judge Richard M. Berman, reports the Wall Street Journal. Judge Berman also rejected Vale's argument that the case should be tried in an English court, the Journal adds. Reference Link
December 15, 2014
09:31 EDTBHP, RIORio, BHP looking to raise copper output, Reuters says
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08:34 EDTBHPBHP Billiton downgraded to Underperform from Sector Perform at RBC Capital
RBC Capital downgraded BHP Billiton as the firm believes that the outlook for the company's cash flow metrics is weaker than its peers. The firm questions the timing of the company's South32 spin off and Four Pillars initiative, given potential structural issues affecting iron ore and oil.
07:36 EDTRIORio Tinto shares look undervalued, says Bernstein
After iron ore prices sank 48% this year, Bernstein thinks that Rio Tinto would be resilient even if iron ore prices dropped much further. The firm believes that the market is applying a significant discount to the stock, making the shares undervalued. It has a $63.20 price target and Outperform rating on the shares.
December 11, 2014
08:16 EDTBHPBHP sees potash as focus for growth in China, WSJ reports
Mining giant BHP Billiton said it is focusing on potash as an area of strategic growth in China, with Mike Henry, a president for BHP saying potash "can be our fifth pillar, adding to the four key markets of iron ore, oil and natural gas, copper and coal that the company had identified previously, reported The Wall Street Journal. Other publicly traded companies in the potash space include Agrium (AGU), Intrepid Potash (IPI), Mosaic (MOS), Potash (POT). Reference Link
December 10, 2014
15:08 EDTBHPFollow-up: BHP Billiton upgraded at CLSA
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15:05 EDTBHP, BHPBHP Billiton upgraded to Buy from Outperform at CLSA
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December 8, 2014
06:11 EDTBHPBHP Billiton says new company to be called South32
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