MARKET TALK: Alumina Ltd Raised To Hold Despite EPS Cut -Citi
13th Jul 2010 00:15
2315 GMT [Dow Jones] STOCK CALL: Alumina Ltd. (AWC.AU) moved up from Sell to Hold by Citi analyst Clarke Wilkins, but overall tone of note somewhat negative and play is "only for aluminum bulls". EPS downgraded from A$1.80 to A$1.70, meaning AWC trading on 14x 2011 expected earnings, well above 8x f
Read moreADR Report: Shares Close Lower As Latin America Weighs
12th Jul 2010 21:57
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed lower, with Latin America posting the biggest drop. The Bank of New York index of ADRs closed down 0.4% to 120.54. Miners were hit, as Japan's Fair Trade Commission is e
Read moreJapan To Conduct In-Depth Review Of BHP-Rio Tinto Deal -Nikkei
12th Jul 2010 18:09
TOKYO (Nikkei)--Japan's Fair Trade Commission is expected to move forward with its antitrust review of BHP Billiton Ltd. (BHP) and Rio Tinto Group's plan to integrate their Australian iron ore operations, the Nikkei reports Tuesday. The initial 30-day review period ends Friday, but the commissio
Read moreUPDATE:Ivanhoe To Support Rights Plan In Rio Tinto Arbitration
12th Jul 2010 16:53
(Updates adding further comment, detail.) DOW JONES NEWSWIRES Ivanhoe Mines Ltd. (IVN) doesn't believe its shareholder rights plan breaches any of Rio Tinto PLC's (RTP) existing contractual rights and said it will continue to support the plan in the arbitration proceeding initiated by Rio T
Read moreLondon close: BP rally lifts Footsie
12th Jul 2010 16:38
BP was in the driving seat, helping Footsie to good gains as the oil giant's shares rallied on the back of bid talk and hopes that the beginning of the end of the Gulf of Mexico oil leak is in sight. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
12th Jul 2010 16:02
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1502 GMT [Dow Jones] Rio Tinto's (RTP) arbitration process with Ivanhoe Mines Ltd (IVN.T) is unlikely to have any material ef
Read moreMARKET TALK: Rio-Ivanhoe Arbitration Won't Affect Oyu Tolgoi
12th Jul 2010 16:02
1502 GMT [Dow Jones] Rio Tinto's (RTP) arbitration process with Ivanhoe Mines Ltd (IVN.T) is unlikely to have any material effect on the development of the Mongolian Oyu Tolgoi copper project, says a London-based analyst. He says Rio Tinto is referring Ivanhoe's shareholder rights plan to arbitratio
Read moreFTSE 100 movers: Bid speculation propels BP
12th Jul 2010 15:50
Bid speculation continues to push the BP share price higher. Exxon Mobil and Chevron have been told by the White House that it will not block a bid for BP. There is also speculation that BP is in talks with US independent oil company Apache over the sale of some of its assets in a deal that could
Read moreLondon afternoon: Resource stocks hog the action
12th Jul 2010 14:24
Footsie kicked on over the lunch time session despite mining stocks continuing to be a drag on the index. Expectations of a firm start on Wall Street boosted sentiment while speculative buying has seen BP add to the morning's gains. BP said the cost of the clean-up in the Gulf of Mexico has risen t
Read moreIvanhoe To Support Rights Plan In Rio Tinto Arbitration >IVN
12th Jul 2010 14:15
DOW JONES NEWSWIRES Ivanhoe Mines Ltd. (IVN) doesn't believe its shareholder rights plan breaches any of Rio Tinto plc's (RTP) existing contractual rights and said it will continue to support the plan in the arbitration proceeding initiated by Rio Tinto Friday. Rio Tinto, which owns 29.6% of
Read moreSector movers: BP rally lifts oil stocks
12th Jul 2010 13:35
Shares in BP are rallying, helping lift the oil and gas sector higher. The oil giant said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and $2.65bn at the end of June, although some say that figure could eventually hit $70bn. The first half of August rem
Read moreLondon midday: BP a bright spot in lacklustre Footsie
12th Jul 2010 12:01
Shares in BP have jumped on takeover talk and hopes that it is making progress as it caps the oil leak in the Gulf of Mexico, but Footsie is little changed overall. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and $2.65bn at the end of June, alt
Read moreLondon open: A struggle after bright start
12th Jul 2010 08:45
London is struggling to hold onto its bright start despite a good morning for shares in beleaguered oil giant BP. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and $2.65bn at the end of June, although some say that figure could eventually hit $70
Read morePort Hedland Iron Ore June Exports 15.27M Tons, Up 1.6% Vs May
12th Jul 2010 08:10
PERTH (Dow Jones)--The Port Hedland Port Authority shipped 15.27 million metric tons of iron ore in June, according to an update on the Authority's website Monday. The iron ore shipments were up 1.6% on May's 15.02 million tons, the Authority said. Iron ore exports to China from the port ros
Read moreLondon pre-open: Winning streak to continue
12th Jul 2010 07:49
It looks like London could extend its winning streak to five sessions after Wall Street rallied Friday afternoon, with futures prices indicating an early 11-point gain. BP will be in focus again. It said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and
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