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November 4, 2012
01:45 EDTPBR, ITUB, VALE, ABVBrazil's future looks bright, Barron's reports
Brazil's longer-term prospects could make it one of the world's best investments in years to come, Barron's contends. Its middle class continues to grow, as does its disposable income -- both spurring demand for products. The jobless rate is a low 5%, and consumer trends could become even more powerful in the next decade, regardless of developments in other parts of the world, including China. The 2016 Summer Olympics could also be a catalyst. Those seeking exposure to Brazil would do best to look beyond the major stock index, which is dominated by Petroleo Brasileiro, or Petrobras (PBR) and Vale (VALE), to sectors and companies, large and small, that could benefit from rising consumer demand domestically. Itau Unibanco Holding (ITUB), Companhia de Bebidas das Amèricas, or Ambev (ABV), and several educational concerns are on some smart investors' shopping lists. Reference Link
News For PBR;VALE;ITUB;ABV From The Last 14 Days
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December 1, 2015
16:01 EDTVALEOptions Update; December 1, 2015
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07:46 EDTPBRPetrobras volatility elevated as shares at low end of range
Petrobras December weekly call option implied volatility is at 79, December is at 77, January is at 68; compared to its 52-week range of 44 to 97, suggesting large price movement.
07:30 EDTVALEVale sees 2016 iron ore production 340M-350M tons vs. 340M tons in 2015
Sees iron ore production growing to 380M-400M in 2017, to 420M-440M in 2018, and to 420M-450M in both 2019 and 2020. Sees pellets production of 49M tons in 2016, flat with 2015. Sees pellets production growing to 50M tons in 2017 and 2018, then stepping up to 55M tons in 2019 and to 56M tons in 2020. Production plan from slides for New York investor day meeting.
07:26 EDTVALEVale says potential divestments could generate $4B-$5.5B in 2016
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07:24 EDTVALEVale sees total 2016 impact of about $443M from Samarco accident
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07:21 EDTVALEVale sees reducing capex to around $6B in 2016
Vale, in slides for its New York investor day, said 2016 will be another challenging year with still unfavorable demand and supply outlook and volatile commodity prices. To meet the challenges, the company plans to reduce its iron ore cash cost and improve product quality, reduce its capex to around $6B and complete divestments and partnerships. The company expects positive FCF by 2017 with a gradual reduction in leverage and an increase in dividend distribution. Capex will reduce and reach around $4B-$5B with the completion of its investment cycle by 2018, Vale said.
06:24 EDTVALEBrazil suing BHP, Vale for $5.2B to clean up mining disaster, Reuters says
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November 30, 2015
07:19 EDTVALEVale management to meet with Deutsche Bank
Meeting to be held in New York on November 30 hosted by Deutsche Bank.
06:36 EDTVALESamarco confirms 13 fatalities following November 5 dam burst
A further update has been provided following the breach of the Fundao tailings dam and Santarem water dam at the Samarco Mineracao S.A iron ore operation in Minas Gerais, Brazil which occurred on November 5. BHP Billiton (BHP) and Vale (VALE) each hold a 50% interest in Samarco. Samarco has advised that, at this stage, there are 13 fatalities and six people who remain unaccounted for. Emergency services continue to search for the six missing people.Clean-up work has commenced in the Barra Longa area, focusing on access roads, housing and bridge repairs. Monitoring of the remaining dam structures at Samarco continues. Interim work to repair the damage to the dams and to reinforce parts of the structure has commenced. Operations at Samarco remain suspended. Samarco has reported that tests on the sediments carried out by the Brazilian Geological Service from samples taken at four points in the Rio Doce river system over the period November 14-November 18 indicate that concentrations of metals obtained at these sites do not significantly differ from the results produced by CPRM in 2010. Samarco has advised that the tailings material released as a result of the breach of the Fundao and Santarem dams is considered to be non-reactive and would be geochemically stable when introduced to the river system or ocean. The Brazilian Federal Government and certain State governments have announced that, on 30 November 2015, they intend to commence legal proceedings against Samarco, Vale and BHP Billiton for clean-up costs and damages. The announcement indicates that the legal action will demand that the companies establish a fund of BRL 20 billion in aggregate -- approximately $5.2B at current exchange rates -- for environmental recovery and compensation. BHP Billiton has not received formal notice of the action at this stage. BHP Billiton confirms its commitment to supporting Samarco to rebuild the community and restore the environment affected by the breach of the dams. This includes plans, announced by Vale and BHP Billiton on November 27, to work together with Samarco to establish a voluntary, non-profit fund to support the recovery of the Rio Doce river system.
06:33 EDTVALEVale exec confirms arsenic found in Rio Doce water after dam burst, Reuters says
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05:31 EDTVALEStocks with implied volatility movement; DIS VALE
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November 29, 2015
15:28 EDTVALEBrazil to seek $5.2B from BHP, Vale after dam breach, Bloomberg says
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November 27, 2015
10:31 EDTVALEVale to hold Vale Day
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November 23, 2015
08:37 EDTVALEU.S. district judge dismisses Rio Tinto case against BSG Resources
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November 20, 2015
06:15 EDTVALEVale to close Manitoba nickel and smelting operations in 2018, Reuters reports
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November 19, 2015
06:40 EDTVALEBHP Billiton backs dividend policy amid profit slump, CNBC reports
BHP Billiton (BHP) defended its dividend policy amid a drop in share prices and profits slump this year as well as weak China growth and a recent mine disaster in Brazil, CNBC reports. BHP chairman Jacques Nasser said at the company's annual meeting that the dividend policy is the result of "appropriate capital management," the report says. In addition, the company said it and joint venture partner Vale (VALE) will be commissioning an external probe of the Samarco dam spill, the report says. Reference Link
November 17, 2015
06:17 EDTVALEBHP Billiton reviewing all dams worldwide, U.K. Times reports
BHP Billiton (BHP) CEO Andrew Mackenzie told analysts and investors at the company's annual general meeting that the company is reviewing all of its dams worldwide after the Samarco mudslide in Brazil killed at least nine people, The U.K. Times reports. Mackenzie also said BHP is considering moving away from the arrangement under which mines that it partly owns are managed by committee rather than by a single operator; the Samarco mine is half run by BHP, with the remainder owned by Vale (VALE). Reference Link

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