Rio chief shrugs off iron ore pessimism

Rio chief shrugs off iron ore pessimism

AAP Rio Tinto chief executive Sam Walsh has shrugged off pessimistic iron ore forecasts, saying there will be a happy ending for the steel-making commodity. While some smaller producers might go to the wall, Mr Walsh said it was important for Rio to see its 10-year expansion come to fruition. "Looking at the iron ore story, it will have a happy ending," Mr Walsh told a Melbourne Mining Club dinn…

Australian Markets

  • Aussie shares close higher AAP - 10 hours ago

    The Australian share market closed higher on Thursday, with positive manufacturing data out of the US overnight and China during the day promoting positive investor sentiment.

  • Stocks to watch at noon on Thursday AAP - 14 hours ago
    Stocks to watch at noon on Thursday

    Stocks to watch on the Australian stock exchange at noon on Thursday: BHP - BHP BILLITON - up 13.00 cents, or 0.49 per cent, at $26.78 FMG - FORTESCUE METALS GROUP - up 2.00 cents, or 1.09 per cent, at ...

  • Stocks to watch at close on Tuesday AAP - Tue, Jun 30, 2015 4:24 PM AEST

    Mining giant BHP Billiton has been given until 2016 to go ahead with the expansion at the Olympic Dam mine in South Australia.

  • Aust shares close flat AAP - Fri, May 22, 2015 4:17 PM AEST

    Australian shares have finished flat as all eyes turn to a meeting of central bankers in Jackson Hole, Wyoming.

  • Stocks to watch at noon on Friday AAP - Fri, Mar 27, 2015 12:08 PM AEDT

    Stocks to watch on the Australian stock exchange at noon on Friday.

  • Merck board OKs additional $10 billion stock buyback plan Associated Press - Wed, Mar 25, 2015 8:36 AM AEDT

    Merck & Co. says its board approved the repurchase of up to $10 billion more of its stock. The drugmaker said Tuesday that amount will be added to the $1.7 billion remaining available for repurchase under ...

  • Whiting and McCormick are big market movers Associated Press - Wed, Mar 25, 2015 7:39 AM AEDT

    Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Whiting Petroleum Corp., down $7.48 to $30.91 The oil and gas company priced a ...

  • Ahead of the Bell: Chesapeake Energy shares stage rally Associated Press - Wed, Mar 25, 2015 12:27 AM AEDT

    When your stock price tumbles faster than the cost for a barrel of oil, it's hard for a company like Chesapeake Energy to give investors something to cheer about. But the Oklahoma City oil and gas provider ...

  • European stocks rise in opening deals AFP - Fri, Mar 20, 2015 10:18 AM AEDT
    European stocks rise in opening deals

    Europe's main stock markets advanced at the start of trade on Friday, with London's benchmark FTSE 100 index up 0.27 percent at 6,981.23 points. Elsewhere, Frankfurt's DAX 30 index added 0.36 percent to ...

  • GoDaddy plans to raise as much as $418 million in IPO Associated Press - Fri, Mar 20, 2015 7:48 AM AEDT

    GoDaddy, the Web hosting company known for its racy Super Bowl commercials, said Thursday that it hopes to raise as much as $418 million in an initial public offering. GoDaddy said in June that it was ...

 

Company Finances

  • Whole Foods CEOs apologize for pricing problems Associated Press - 10 minutes ago

    Whole Foods Market's CEOs apologized Thursday for pricing issues at its stores, a week after a New York investigation found that the natural food grocer routinely overcharged for prepackaged fruits, vegetables ...

  • Foundations for first US offshore wind farm head for RI Associated Press - 52 minutes ago
    Foundations for first US offshore wind farm head for RI

    Five massive structures that will be attached to the ocean floor for the nation's first offshore wind farm are coming to Rhode Island. Deepwater Wind is building a five-turbine wind farm off Block Island, ...

  • Flexible Packaging Market in India – Trends, Forecast & Growth Prospects Published by Technavio Business Wire - 1 hour 48 minutes ago

    LONDON--(BUSINESSWIRE)-- Technavio has published a new report on the flexible packaging market in India , which is expected to grow at a CAGR of more than 24% from 2015-2019. Flexible packaging market ...

  • Newly independent, Energizer announces dividend and buyback Associated Press - 2 hours 50 minutes ago

    A day after splitting the company in two, Energizer said it would issue a dividend and buy back up to 7.5 million shares. Energizer spun off its personal care division, a major provider of shaving and ...

  • GRM Video Highlights Document Storage Solutions GlobeNewswire - 3 hours ago

    JERSEY CITY, N.J. -- via PRWEB - GRM, a leader in lifecycle information management solutions, today announced the release of a short, animated video highlighting the advantages of its Offsite Document ...

  • Smithfield Foods' Michael Skahill Elected Vice Chair of U.S.-Poland Business Council GlobeNewswire - 3 hours ago

    SMITHFIELD, Va. -- Michael P. Skahill, vice president of global affairs for Smithfield Foods, has been elected vice chair of the U.S.-Poland Business Council for 2015-16.

  • EDAP Announces Senior Management Transition GlobeNewswire - 4 hours ago

    LYON, France -- EDAP TMS SA , the global leader in therapeutic ultrasound, today announced that Eric Soyer, Chief Financial Officer, has resigned from the Company to accept a top management position at ...

  • CD rates for July 2, 2015 Bankrate.com - 6 hours ago

    Interest Rate Roundup Compare CD rates nationally and in your area. CDs 1-year CD yields: 0.27% 5-year CD yields: 0.87% Rates on certificates of deposit took the week off for the holiday. There were no ...

  • National mortgage rates for July 2, 2015 Bankrate.com - 6 hours ago

    Interest Rate Roundup Find the best mortgage rates in your area. Mortgages 30-year fixed: 4.19% Average points: 0.21 Mortgage rates were mixed this week, according to Bankrate's July 1 survey of interest ...

  • German new car sales rise sharply AFP - 16 hours ago
    German new car sales rise sharply

    New car registrations in Germany, a key measure of demand in one of the most important sectors of Europe's top economy, rose strongly in June, data showed on Thursday. A total of 313,600 new cars were registered last month, a jump of 13 percent compared with the figure for the same month last year, the VDA automobile industry federation said in a statement. A total 511,100 cars rolled off German production lines last month, an increase of 12 percent year-on-year, VDA said.