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Stock Market & Financial Investment News

News Breaks
May 14, 2014
06:25 EDTVALE, RIORio 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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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.

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