FTSE flat, BA and Iberia consider merger

Categories: Business| Nov 12, 2009

* BA and Iberia boards consider merger * BT update sees telecoms rise * Oils down as crude slips, miners weaker LONDON, Nov 12 (Reuters) - Britain's FTSE 100 .FTSE indexwas flat at midday on Thursday, although British Airways soaredafter news that its ...Read More

China, Australia Should Build Trust, Li Says on Trip

Categories: World| Oct 29, 2009

China, Australia Should Build Trust, Li Says on Trip Oct. 30 (Bloomberg) -- Chinese Vice Premier Li Keqiang saidChina is committed to a free trade agreement with Australia anddeveloping a broader relationship, as he began a three-day visitaimed at cementing ties strained in the past year. The two nations should ...Read More

Rio Tinto sells building materials unit for $349M

Categories: Business| Sep 22, 2009

MELBOURNE, Australia -- Anglo-Australian mining giant Rio Tinto has advanced its debt reduction plans by selling building materials manufacturer Alcan Composites to Swiss machinery producer Schweiter Technologies for $349 million, the two companies said Tuesday. The sale of Alcan Composites, which ...Read More

Rio Tinto Drops Chinalco for Rights Issue

Categories: Business| Jun 5, 2009

Rio Tinto's (RTP) $19.5bn financing deal with Chinalco (ACH) has collapsed and the mining giant is set to instead announce a $15.2bn rights issue. Rio's board was meeting last night after an emergency statement to the stock market. "Rio Tinto is ...Read More

Nikkei Gains 0.7%; Rio Halted

Categories: Business| Jun 4, 2009

SINGAPORE -- Asian share markets were higher Friday as optimism remained about a rebound in global demand. Australian miners were in focus as Rio Tinto walked away from a deal with Aluminium Corp. of China, and announced a rights share ...Read More

Rio to scrap Chinalco deal if s'holders opposed

Categories: Business| Apr 20, 2009

* Rio committed to Chinalco deal * To test shareholder sentiment in May * Would be prepared to scrap vote if shareholders opposed * BHP-Rio speculation played down * Rio shares off 4 pct after steep climb (Adds Rio chairman, CEO comments, updates shares) SYDNEY, ...Read More