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Stock Market & Financial Investment News

News Breaks
January 24, 2013
07:25 EDTNEM, RIO, KGC, AAUKY, ABX, VALENew mining CEOs puts a hold on major M&As, WSJ reports
With about 20 new CEOs at mining companies taking over it's unlikely that will translate to any major deals for now, reports the Wall Street Journal. “There is a frequently expressed view that the demise of a number of CEOs is partly related to failed or unsuccessful acquisitions,” said Patrick Loftus-Hills, head of global metals and mining at Moelis & Co. “That puts a lot of pressure on the replacement CEO if they are wanting to make a big, bold move.”Reference Link
News For RIO;VALE;AAUKY;NEM;ABX;KGC From The Last 14 Days
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July 7, 2015
11:11 EDTVALEIron ore bear market deepens as prices fall below $50 a ton, Bloomberg says
The bear market in iron ore is deepening as cheaper supplies from Australia and Brazil threaten to expand, says Bloomberg. Iron ore prices have dropped to below $50 a ton and have dropped more than 20% from June highs, added Bloomberg. Companies exposed to the iron ore market include Cliffs Natural (CLF), BHP Billiton (BHP) and Vale (VALE). Iron ore prices are also impacting the steel sector including U.S. Steel (X), Nucor (NUE), AK Steel (AKS) and Steel Dynamics (STLD). Reference Link
10:47 EDTVALEVale volatility elevated as metal prices trend lower
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July 6, 2015
12:09 EDTVALEIron ore slumps as China stockpiles recover, Bloomberg says
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June 30, 2015
14:34 EDTVALEIron 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 24, 2015
16:00 EDTVALEActionable Options for Wednesday, June, 24
iPath S&P 500 VIX Short-Term Futures up 30c to 17.32 Option volume leaders: AAPL FB NFLX BAC VALE MU BABA WMB T F EBAY FCX TWTR BBRY
10:00 EDTVALEOn The Fly: Analyst Initiation Summary
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09:00 EDTVALEVale initiated with a Hold at HSBC
Target $7.50.
June 23, 2015
06:29 EDTNEMNewmont Mining reinstated with an Outperform at Credit Suisse
Target $30.

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