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Stock Market & Financial Investment News

News Breaks
July 14, 2013
16:46 EDTRIORio Tinto sells two aluminum plants, WSJ says
Germany's Trimet and a state-run French utility Electricité de France have agreed to take over two unprofitable aluminum facilities in France from Rio Tinto, says the Wall Street Journal. Reference Link
News For RIO From The Last 14 Days
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April 17, 2015
05:57 EDTRIORio Tinto CEO expects to thrive on iron ore production, The Guardian reports
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April 13, 2015
10:00 EDTRIOOn The Fly: Analyst Downgrade Summary
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08:07 EDTRIORio Tinto management to meet with JPMorgan
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05:33 EDTRIORio Tinto downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Rio Tinto to Neutral after lowering its iron ore price expectations.
April 10, 2015
06:58 EDTRIOBHP, Rio Tinto confirm tax probes, deny allegations, WSJ reports
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April 8, 2015
06:59 EDTRIOAustralia treasurer would block merger between Rio Tinto, Glencore, AFR says
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April 7, 2015
06:00 EDTRIOBHP and Rio accused of avoiding billions of dollars in tax, News.com.au says
The Australian Tax Office has mining giants BHP Billiton (BHP) and Rio Tinto (RIO) in its sights over claims that the companies may have avoided paying billions of dollars in tax during the mining boom, reports News.com.au. Citing the Australian Financial Review, the companies have been channeling billions of dollars in profits from Australian iron ore sales through companies that pay no tax in Singapore, a method that has occurred for nearly a decade. Reference Link
April 6, 2015
06:40 EDTRIOGlencore's interest in Rio Tinto could be reignited, WSJ reports
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06:11 EDTRIOMongolia agrees in principle on Rio Tinto mine, Financial Times reports
Mongolia says it has agreed in principle on Rio Tinto's (RIO) $12.6B Oyu Tolgoi rich and copper mine, reports the Financial Times. Rio Tinto and the Mongolian government have clashed over a tax dispute and cost overruns during the first construction phase. The country's Prime Minister Saikhanbileg Chimed said, “The two sides have reached agreement, in principle, on the main points of dispute. Soon we will officially announce these results to the international community, after bureaucratic levels finalize relevant steps." Reference Link

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