The newly forged iron ore-to-copper empire Glencore Xstrata was forced to slash the value of its assets by $8.5bn (£5.4bn) in the first set of results since the merger that created it.
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Monday 19 August 2013
Friday 19 July 2013
Hermès bags sales rise of 16 per cent
Wednesday 17 July 2013
The City isn’t known for penny-pinching, but news that a mining company was taking control of spending, slashing bosses’ pay and culling the number of executives sent it to the top of the mid-tier index.
Monday 24 June 2013
Diamonds are forever for mining giant Rio Tinto, which today scrapped plans to sell or float its $2 billion (£1.3 billion) precious stones division.
Wednesday 20 February 2013
BHP Billiton became the third of the FTSE 100 global mining giants to change its chief executive in as many months as the industry braces itself for a long period of sluggish resources prices.
Sunday 27 January 2013
There is a race to the bottom when it comes to global currencies. Economies facing stagnation are looking to weaken their currencies to boost exports. But when every man and his dog are at it too, then the game plan can fall apart.
Wednesday 09 January 2013
Outlook As ever in life, Peppa Pig is the best barometer of cultural advancement. Today, the co-owners of the bossy animated porcus, Entertainment One, completed its $228m (£142m) purchase of Alliance Films, a Canadian distributor of flicks ranging from quip-laden classic Pulp Fiction to the dreadful Twilight series.
Friday 14 December 2012
US retail sales up 0.3% after storm
Wednesday 12 December 2012
China yesterday stepped up its worldwide hunt for gas to keep its 1.3 billion population warm.
Friday 02 November 2012
Investment View: Cynthia Carroll didn't do such a bad job in an extremely difficult situation
Thursday 25 October 2012
Felipe Ustate, a community leader in the north of Colombia, will use BHP Billiton's AGM today to call on non-executive director Baroness Shriti Vadera for redress over the giant El Cerrojon open-cut coal mine that he says has forced many people off their land.
Thursday 18 October 2012
Problems at its huge copper mine in Chile have provided a fresh headache for the mining giant Xstrata, which is in the throes of a $32bn (£20bn) takeover by the commodities trading giant Glencore.
Sunday 05 August 2012
Tuesday 24 July 2012
Cnooc has agreed to buy the Canadian oil producer Nexen for $15.1bn (£9.7bn), in a deal that could make the Chinese oil giant the operator of the giant Buzzard field in the North Sea.
Tuesday 24 July 2012
Cnooc has agreed to buy the Canadian oil producer Nexen for $15.1bn (£9.7bn), in a deal that would make the Chinese oil giant the operator of Buzzard, the North Sea's largest field, and give it a key role in setting the benchmark Brent oil price.
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