Kenneth G. Mondero

AIM-listed Rare Earth Global Limited (LSE:REG) did not meet market expectations and will report a loss for the year ended 2012, the China-focused miner, refiner, and trader of rare earth elements forewarned today ahead of the preliminary results to be reported in May. REG sustained more losses in the second half of 2012 after the […]

Ratings agency Standard & Poor’s said late Monday Rio Tinto plc’s (LSE:RIO) debt may further rise in the current year and the next unless the diversified global miner sells off large assets or iron ore price stabilises at a certain price, pushing the London-listed firm’s shares down on Tuesday. S&P revised its outlook from stable […]

The Eurozone is expected to shrink further in 2013, the European Commission acknowledged, reversing its earlier forecast of growth in the 17-member Euro-denominated region as their economies undergo a “balance-sheet adjustment process” that will weigh on short-term growth. In a report today, the Eurozone is expected to contract by 0.3% after shrinking by 0.6% in […]

“We firmly believe we were not grossly negligent,” BP’s (LSE:BP.) General Counsel maintained as the UK oil giant is set to defend itself on Monday, 25 February, in a trial that will determine if there was gross negligence on its part that caused the Deepwater Horizon incident. In a statement released late yesterday, the firm’s […]

Lloyds Banking Group (LSE:LLOY) has been ordered to pay fines in relation to the delays in the payment of the bank for the redress of the mis-sold payment protection insurance (PPI) to over 140,000 customers, who were supposed to receive the funds promptly,the FSA ruled. In a decision dated 15 February 2013, the regulator of […]

Finance ministers and central bank governors of the G20 member states pledged to take necessary actions to prevent the practice of tax base erosion and profit sharing, following the conclusion of the G20 summit in Moscow. The move came following the discovery in recent months that some multinational corporations had paid little or less taxes […]

British Pound Sterling fell to its lowest in nearly seven months against the US Dollar after Martin Weale, a member of the Monetary Policy Committee of the Bank of England said in a speech engagement last Saturday, 16 February, that the “most natural means” to reduce the UK’s trading deficit is for the currency to […]

Newly appointed Chief Executive, Sam Walsh, has laid out his plans to ensure that Rio Tinto plc (LSE:RIO) “will have an unrelenting focus on pursuing greater value for shareholders” after the global mining giant took a huge hit and posted an annual loss for the first time in years. “I am setting out how we […]

Shares of African Barrick Gold plc (LSE:ABG) closed at an all-time low today as the gold miner admitted it missed its production target of the yellow precious metal in 2012, its fourth year in a row since it enlisted on the London Stock Exchange and set a further lower expectation for 2013 for a fifth […]

“Tullow has the right team, the right approach, the right assets and the funding in place to maintain its track record of success,” the independent oil and gas explorer and producer affirmed as it announced its results for the full year in 2012, rallying investors to its side on the London Stock Exchange, early morning […]