08:25 PM @ 31/07/2023
Rio Tinto’s first-half underlying earnings fell to their lowest in three years as easing iron ore prices offset an uptick in shipments from its Pilbara operations, it said on Wednesday, while also announcing a dividend cut.SEE MORE08:11 PM @ 31/07/2023
Iron ore futures edged up on Monday after Chinese authorities announced measures to increase consumption, although a sluggish manufacturing sector in China and lingering concerns about steel demand capped the gains.SEE MORE05:03 PM @ 31/07/2023
A $2.6 billion deal announced last week has set the stage for a potentially landmark shift in the metal and mining investment landscape: the arrival of Saudi Arabia as a pivotal player.SEE MORE04:45 PM @ 31/07/2023
The U.S. dollar edged higher in early European trade Monday, but is on course for a monthly loss as traders weigh up the possibility of an end to the Federal Reserve’s tightening cycle, while the Japanese yen weakened in the wake of the Bank of Japan’s monetary policy shift.SEE MORE04:29 PM @ 31/07/2023
Saudi Arabia’s growth slumped in the second quarter as a drop in oil prices and the government’s decision to cut production push the country from being one of the fastest-expanding major economies to one of the slowest.SEE MORE