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Stock Market & Financial Investment News

News Breaks
June 25, 2014
06:34 EDTBHPBHP Billiton decides to pass on potash export facility, WSJ says
BHP Billiton decided not to renew its agreement for Port of Vancouver's 100-acre terminal five site as it evaluates how quickly it needs to bring the Jansen project into production, reports the Wall Street Journal. The company had let the exclusivity agreement expire last week, an agreement that would have given BHP Billiton the right to develop a potash facility for its Canadian Jansen project. A company spokeswoman said the move allows management "to actively investigate and assess alternative rail and port options" in Canada and the U.S." Reference Link
News For BHP From The Last 14 Days
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June 30, 2015
14:34 EDTBHPIron ore producers slide after Australia cuts price target on the commodity
Shares of iron ore producers are falling after Reuters reported that Australia reduced its 2015 price forecast for iron ore to $54.40 a tonne from $60.40 a tonne. According to Reuters, Australia's current projection on iron ore prices is based on its view that China, the commodity's main market, will produce less steel in 2015 and 2016 as as the seaborne supply of iron ore increases. PRICE ACTION: Cliffs Natural Resources (CLF) is down over 10%, BHP Billiton (BHP) is lower by 2.3%, and Vale (VALE) is down 4% in afternoon trading. Steel stocks, including United States Steel (X), AK Steel Holding (AKS), and Nuco (NUE) are also sliding in afternoon trading.
June 25, 2015
06:01 EDTBHPBHP Billiton to cut 140 jobs in South Australia, Herald Sun reports
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June 24, 2015
10:00 EDTBHPOn The Fly: Analyst Upgrade Summary
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05:31 EDTBHPBHP Billiton upgraded to Neutral from Underperform at Credit Suisse
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June 23, 2015
07:01 EDTBHPWestmoreland board approves purchase agreement for San Juan mine
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June 17, 2015
08:37 EDTBHPBofA/Merrill metals strategist holds an analyst/industry conference call
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