News

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.

The Business Matrix: Friday 19 July 2013

Hermès bags sales rise of 16 per cent

Market Report: Miner Hochschild climbs on cost cuts

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.

Buyers fail to take a shine to Rio Tinto’s diamonds arm

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.

BHP Billiton becomes third FTSE 100 global mining giant to change CEO in as many months

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.

Investment Insider: Where does a plummeting pound leave investors?

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.

Mark Leftly: Peppa Pig's breakthrough may finally stop Canada hogging all the action

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.

The Business Matrix: Friday 14 December 2012

US retail sales up 0.3% after storm

China buys up BHP stakes in Australia

China yesterday stepped up its worldwide hunt for gas to keep its 1.3 billion population warm.

Tom Bawden: Rivals will keep outperforming Anglo American

Investment View: Cynthia Carroll didn't do such a bad job in an extremely difficult situation

BHP urged to act on Colombia pit

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.

Xstrata is hit by worries at Chilean mine

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.

Miners prepare to reveal billion-dollar profit falls

Rio Tinto and Xstrata pincered by rising costs and lower prices

Chinese oil giant agrees £10bn deal for Canada's Nexen

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.

Cnooc set to control North Sea's Buzzard field

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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