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Stock Market & Financial Investment News

News Breaks
May 14, 2014
06:25 EDTRIO, VALERio assures Guinea that Vale conflict won't hinder $20B plan, Bloomberg saysVale
Rio Tinto (RIO) has assured the West African nation of Guinea that it its disagreement with Vale (VALE) regarding rights to the world’s largest unused iron-ore deposit won’t hinder a plan to construct a mine that is projected to cost nearly $20B, according to Bloomberg, citing comments in a letter from CEO of Rio's diamonds and minerals unit, Alan Davies. Reference Link
News For RIO;VALE From The Last 14 Days
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December 18, 2014
06:52 EDTRIO, VALEVale 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 EDTRIORio, BHP looking to raise copper output, Reuters says
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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.

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