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Stock Market & Financial Investment News

News Breaks
February 8, 2013
06:13 EDTXSRAY, VALE, RIO, BHPAustralian Prime Minister Gillard rejects mining tax changes, Herald Sun says
Australian Prime Minister Julia Gillard backs the current mining tax and opposes design changes. Ms. Gillard stated that a "production boom" would increase revenues, not a tax revision, according to Herald Sun. Reference Link
News For RIO;BHP;VALE;XSRAY From The Last 14 Days
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May 20, 2013
07:58 EDTVALE, RIO, BHPBofA/Merrill's metals and mining analysts hold analyst/industry conference call
Metals & Mining Analysts discuss the recently held 30th Annual BofAML Global Metals, Mining & Steel Conference on an Analyst/Industry conference call. Relevant companies BHP, RIO, VALE, BNX, CLF, NUE, AA and BTU may be included on the Analyst/Industry conference call to be held on May 20 at 9 am.
May 14, 2013
13:10 EDTBHPMosaic would resume potash expansion if BHP cancels Jansen project, Reuters says
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09:38 EDTRIORio Tinto downgraded to Equal Weight from Overweight at Barclays
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07:29 EDTBHP, RIO, XSRAY, VALEBofA/Merrill to host a conference
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05:39 EDTBHPNew BHP CEO to significantly cut back capital expenditure, WSJ reports
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May 10, 2013
05:53 EDTRIOCarlyle Group bids on stake Rio Tinto Australian copper mine, Reuters reports
The Carlyle Group (CG) submitted a bid for Rio Tinto's (RIO) 80% stake in the Northparkes copper mine in Australia, sources say, reports Reuters. Analysts have suggested Rio Tinto could receive up to $1B for the mine. Reference Link
May 9, 2013
07:57 EDTRIORio Tinto CEO defends iron ore expansion criticized by holders, FT says
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07:12 EDTBHP, RIOMiners' asset sale attracts private equity, Bloomberg reports
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06:10 EDTBHPOn the Fly: Periodicals Wrap-Up
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May 8, 2013
07:11 EDTBHPBHP Billiton sees iron ore expanding faster than demand, Bloomberg reports
Global iron ore supplies will expand faster than demand over the long term, lowering prices and reducing volatility of the raw material used to make steel, says BHP Billiton, reports Bloomberg.Reference Link
06:05 EDTBHPOn the Fly: Periodicals Wrap-Up
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05:47 EDTRIORio Tinto sees record iron sales to China, WSJ reports
Rio Tinto (RIO) expects its iron ore sales to China to rise to a record this year due to the country's increasing demand for steel, according to Alan Smith, president of Rio Tinto Iron Ore Asia, reports the Wall Street Journal. He said China's demand for steel is expected to rise at a compound annual growth rate of 3% in the next decade.Reference Link
May 7, 2013
07:10 EDTRIORio Tinto to pursue $5B iron ore expansion despite glut, Bloomberg reports
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06:07 EDTRIOOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Some of the world's biggest handset makers and telecom carriers are embracing alternative mobile operating systems this year in an attempt to become credible challengers to smartphones run by Apple (AAPL) and Google (GOOG), the Wall Street Journal reports...JPMorgan Chase (JPM) has yet to persuade three of its largest shareholders--BlackRock (BLK), Vanguard Group and Fidelity Investments--to back the company in a coming vote over whether James Dimon should retain his dual role of chairman and CEO, the Wall Street Journal reports...REUTERS: SoftBank (SFTBF) President Masayoshi Son said he will go to the U.S. today to meet Sprint Nextel’s (S) major shareholders about the Japanese company's takeover bid, after rival bidder Dish Network (DISH) said a U.S. company would make a better suitor., Reuters reports...Microsoft (MSFT) has sold 100M Windows 8 licenses in the six months since launch, but wants to combat sputtering interest in its flagship software with a substantial update to make it easier to use, and compatible with smaller tablets, Reuters reports...BLOOMBERG: Rio Tinto (RIO) will likely pursue a $5B expansion of its iron ore output in Australia, CEO Sam Walsh said, according to two people present at a meeting with investors and analysts, Bloomberg reports...Saudi Arabia, home to the biggest Arab bourse, seeks to boost institutional investments in its $390B stock market as the top OPEC producer weighs plans to allow foreigners to buy shares directly, Bloomberg reports.

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