ADVFN - Advanced Financial Network.
HOME» NYSE » C » RIO Stock Price » RIO Stock News

Companhia Vale Share News

 Companhia Vale Do Rio Doce Stock Price
RIO Stock Price
 Companhia Vale Do Rio Doce Stock Chart
RIO Stock Chart
 Companhia Vale Do Rio Doce Stock News
RIO Stock News
 Companhia Vale Do Rio Doce Company Information
RIO Company Information
 Companhia Vale Do Rio Doce Stock Trades
RIO Stock Trades

LONDON MARKETS: U.K. Index Drops Following Bernanke Comments

By Preeti Upadhyaya, MarketWatch LONDON (MarketWatch) -- British stocks closed lower Tuesday following a statement by Federal Reserve Chairman Ben Bernanke signaling a weak economic outlook, and as security firm G4S PLC got hit with a downgrade following its Olympics-contract debacle. The FTSE 100 fell 0.6% to 5,629.09. Bernanke's testimony in Washington was eagerly anticipated, but investors who were waiting for an announcement about a possible third round of quantitative easing by the U.S. central bank to aid the largest global economy were disappointed. Bernanke instead emphasized the need to immediately address the government's massive deficit, saying it posed a threat to the economic recovery. London investors also digested data on U.K. consumer prices, which fell 0.4 percentage points at 2.4% in June from May. "U.K. inflation dropped sharply in June to its lowest since November 2009, further alleviating the squeeze on incomes and helping to revive consumer spending," wrote Chris Williamson, chief economist for Markit, in a note. "However, the same factors that helped push inflation down may soon reverse and drive inflation higher again in coming months," he said, citing prospects for rising food and oil prices. Among individual movers, shares of G4S extended losses from Monday, falling 5.7% as they were downgraded to neutral from buy at Bank of America Merrill Lynch. The firm recently announced it expected losses of as much as $78 million on its Olympics contract after coming up short in terms of security staff. The London Games begin on July 27. More movers Also lower, plumbing firm Wolseley PLC dropped 1.9% following an announcement that it will explore strategic options for its businesses in France amid difficult business conditions in Europe. Shares of Rio Tinto PLC (RIO) fell 2.3%. The mining giant reported strong second-quarter earnings, but Chief Executive Tom Albanese cited "global economic conditions and sentiment" as reasons for being cautious going forward. HSBC Holdings PLC fell 1.7% following allegations of money laundering from a Senate subcommittee Monday. HSBC subsequently released a statement apologizing. Further weighing on the FTSE 100, shares of Vodafone Group PLC (VOD) moved down 0.3%. National Grid PLC shed 3% to 662 pence after Société Générale reduced its target price on the shares to 642 pence ($10.03) from 682.5 pence. On the rise outside the main index, CSR PLC rocketed 34% following news that Samsung Electronics Co. would acquire the U.K.-based semiconductor firm for $310 million. Energy firms also were on the rise as oil prices advanced, with heavyweight BP PLC (BP) up 0.6% and AMEC PLC gaining 0.9%.

Stock News for Companhia Vale (RIO)
DateTimeHeadline
03/30/201510:27:13Rio Tinto says plan to restart Oyu Tolgoi was "best and final...
03/30/201505:31:17Metals And Mining: Where The Wild Yields Are
03/27/201508:04:18Why Fortescue Metals' Call For Cap On Iron Ore Production Will...
03/26/201504:24:56It Had To Happen - An Outright Call For Iron Ore Collusion
03/25/201508:58:48Turquoise Hill sees 2015 production of 600K-700K oz. of gold...
03/25/201505:11:09LONDON MARKETS: FTSE 100 Edges Up, But Barclays Falls After Downgrade
03/25/201505:05:03LONDON MARKETS: FTSE 100 Edges Up, But Barclays Falls After Downgrade
03/25/201502:31:28Australia Shares Little Changed Despite Rise by Banks
03/24/201517:07:39LONDON MARKETS: U.K. Stocks Fall, With Centrica Shares Hurt
03/21/201511:10:02Why This Mining CEO Is Worth His Weight in Gold
03/20/201509:28:25Fortescue Metals Group: Great Execution, Bad Timing
03/19/201518:30:08U.S. Probe Into Guinea Mining Could Yield Six Indictments
03/19/201514:38:31LONDON MARKETS: FTSE 100 Logs Record Closing High
03/17/201521:03:16Fortescue Scraps $2.5 Billion Bond Sale
03/13/201517:28:09Small Mining Companies Hibernate to Survive Industry Slump
03/13/201515:51:39LONDON MARKETS: FTSE 100 Logs Worst Week In 2015; Pound In 'free...
03/13/201515:46:49LONDON MARKETS: FTSE 100 Driving Toward Weekly Loss; Pound In...
03/13/201502:46:40Fortescue Could Get Squeezed In The Iron Ore Market By Rio Tinto...
03/13/201501:13:14Stocks Appear To Be Rebounding From Here: How To Play The Rally...
03/12/201516:19:39LONDON MARKETS: FTSE 100 Rises As Miners, SABMiller Advance

Companhia Vale and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad