Tag: iron ore

Market Recap 07-05-2017

United States The S&P 500 closed the week at $2,399.29, a record high and up 0.63% when compared with the close of the previous week. During the week several important announcements have been released; first of all the Federal Reserve decided to leave interest rate unchanged at 0.75%-1.00% following the slowdown in growth experienced by […]

Two is better than one! Or not? Rio Tinto declines a merger offer to create world’s largest mining player

Rio Tinto Plc; market cap (as of 10/10/2014): £55.42bn Glencore Plc; market cap (as of 10/10/2014): £41.52bn Rio Tinto, the England-based second-largest supplier of iron ore worldwide, has rejected a merger proposal from the smaller Switzerland-based rival Glencore, preventing a deal that would have created the largest player in mining and commodities globally. In fact, […]