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Market starts week in the red
Published July 5, 2009, 11:29 pm, The West Australian
The Australian sharemarket finished Monday 1 per cent lower, with mining and energy stocks leading the negative trend. At 2.10pm the S&P-ASX 200 fell 39.2 points to 3789 and the all-ordinarie
Rio Tinto sells food packaging assets for $1.2 billion
Published July 5, 2009, 11:26 pm, Boston Globe
Global miner Rio Tinto agreed on Monday to sell its Americas food-packaging assets for $1.2 billion to packaging group Bemis Co Inc , raising yet more much-needed cash for the indebted miner.
Earnings Drop Worldwide as Job Losses Hurt Consumers
Published July 5, 2009, 11:12 pm, Bloomberg
July 6 (Bloomberg) -- Earnings at such companies as Ford Motor Co. and ArcelorMittal may continue to decline in the next three months as the highest unemployment in a quarter-century keeps consumers from spending.
Most Asian Stocks Decline on Growth Concern; Samsung Advances
Published July 5, 2009, 10:59 pm, Bloomberg
July 6 (Bloomberg) -- Most Asian stocks fell as commodity prices and shipping rates dropped, and the yen strengthened amid concern the global economic recovery will falter.
Asian Stocks Decline as Commodity Prices, Shipping Rates Drop
Published July 5, 2009, 10:29 pm, Bloomberg
July 6 (Bloomberg) -- Asian stocks declined as commodity prices and shipping rates dropped, and the yen strengthened amid concern the global economic recovery will falter.
JSE little moved amid US holiday
Published July 5, 2009, 10:23 pm, BusinessDay
THE JSE closed flat on Friday amid a holiday in the US, taking a lead from European markets, which were mixed but generally flat, according to a local trader.
Rio Tinto offloads Alcan unit for $1.2 bln
Published July 5, 2009, 10:20 pm, AFP via Yahoo! Canada News
MELBOURNE (AFP) - Mining giant Rio Tinto has announced the 1.2 billion US dollar sale of Alcan's American food packaging arm to US firm Bemis as it offloads assets to pay off its big debts.
(AFX UK Focus) 2009-07-06 04:44 UPDATE 1-Rio Tinto sells food packaging assets for $1.2 bln
Published July 5, 2009, 9:07 pm, Interactive Investor
SYDNEY, July 6 (Reuters) - Global miner Rio Tinto agreed on Monday to sell its Americas food-packaging assets for $1.2 billion to packaging group Bemis Co Inc, raising yet more much-needed cash for the indebted miner. Rio Tinto, which only last week raised $15.2 billion in one of the world's largest-ever rights issues, said it had sold the assets for $1 billion in cash with the rest potentially ...
China Faces Higher Iron Ore Prices as Contract Talks Stall
Published July 5, 2009, 8:55 pm, Bloomberg
July 6 (Bloomberg) -- China, the world’s biggest buyer of iron ore, faces the risk of higher cash prices as annual contract talks stall with producers.
Rio sells food packaging assets
Published July 5, 2009, 8:51 pm, Stuff
Global miner Rio Tinto has agreed to sell its Americas food-packaging assets for $US1.2 billion to packaging group Bemis Co Inc , raising yet more much-needed cash for the indebted miner.
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