HK shares rebound, Chalco jumps on Rio Tinto
HK shares rebound, Chalco jumps on Rio Tinto stake
Reuters - HONG KONG, Feb 1 (Reuters) - Hong Kong stocks leapt on Friday as investors bought Chinese shares dented by a two-day sell-off, and aluminium boats aluminium producer Chalco surged in late trade after its parent firm said it bought a stake in Australian miner Rio
Source: www.reuters.com
Alumina giants in $16bn Rio raid
News.com.au - CHINESE government-backed aluminium giant Chinalco and aluminium boats US giant Alcoa have grabbed a surprise 12 per cent stake in takeover target Rio Tinto, gate-crashing predator BHP Billiton's plans to create a $US350 billion mining super major through a takeover
Source: www.news.com.au
FTSE buoyed by mining M&A
MSN UK News - Miners featured on the upside, after a Chinese group teamed up with U.S. aluminium producer Alcoa to buy 12 percent of Rio Tinto . Rio shares jumped 14 percent. The move comes days ahead of a deadline for BHP Billiton , the world
Source: news.uk.msn.com
Wall St seen steady before payrolls, Alcoa in focus
Boston Globe - Alcoa will also be in focus after the U.S. aluminium producer teamed up with Chinese mining group Chinalco to buy a 12 percent stake in Rio Tinto , threatening BHP Billiton's efforts to win Rio. By 5:55 a.m EST, Dow futures were
Source: www.boston.com
Europe shares extend gains as Wall St futures rise
Guardian Unlimited - Miner Rio Tinto was the leading gainer in Europe with a rise of 15.7 percent after news that Chinese aluminium producer Chinalco bought a 12 percent stake in the company jointly with U.S. producer Alcoa.
Source: www.guardian.co.uk
Rio deal buoys European shares ahead of U.S. jobs data
Reuters UK - Rio was the top gainer in Europe, up 10 percent after Chinese aluminium producer Chinalco said it had bought a 12 percent stake in the company jointly with U.S. producer Alcoa (AA.N: Quote , Profile , Research ), which lifted the entire sector. Meanwhile
Source: uk.reuters.com
Q&A: Emissions trading
Guardian Unlimited - be different? Its proposals, which will have to be approved by both the European parliament and aluminium boats the Council of Ministers, have widened the scope of the scheme to include other greenhouse gases and aluminium boats a number of industrial sectors, including aluminium
Source: www.guardian.co.uk
Metals - Copper consolidates, aluminium touches 6 month high UPDATE
CNBC - (Updates prices, adds details) LONDON (Thomson Financial) - Copper consolidated yesterday's gains while aluminium touched a new 6 month peak as ongoing supply disruptions in China and aluminium boats South Africa - linked to power shortages and aluminium boats severe weather
Source: www.cnbc.com