It’s no surprise that consumer prices are rising — the prices of commodities from corn to cotton to copper are near record levels, thanks to shrinking supplies and rising demand worldwide. The question is whether the Fed will …
The path to profits for most of Corporate America lately has been cutting costs rather than raising revenue. But a careful look reveals a few companies that are poised to deliver real revenue growth. We’ve found six with a plus…
BHP Billiton (BHP) and Rio Tinto (RIO) gave up on plans to form the world’s biggest iron-ore exporter, citing regulatory requirements.
Regulators in Asia and Europe wanted the companies to implement changes, including asset sales, that the companies could not accept, Bloomberg News said. The regulators were worried that the deal would limit competition.
BHP and Rio, the world’s…
Continue reading BHP, Rio Scrap Plans to Form World’s Biggest Iron Ore Exporter
BHP, Rio Scrap Plans to Form World’s Biggest Iron Ore Exporter originally appeared on DailyFinance on Mon, 18 Oct 2010 07:00:00.
Filed Under: Company News, Technology
Mining company Rio Tinto (RIO) produced record quantities of iron ore in the third quarter on rampant demand from China.
The company produced a whopped a 47.6 million tons of iron ore in the three months to September, BBC News said.
China is importing huge amounts of iron ore to make steel for its fast-growing economy. China, now the world’s second-largest quarter, grew at an annual…
Continue reading Rio Tinto Produced Record Amount of Iron Ore on China Demand
Rio Tinto Produced Record Amount of Iron Ore on China Demand originally appeared on DailyFinance on Thu, 14 Oct 2010 08:51:00.
Filed Under: Company News, Economy