{
}
Rio Tinto reported its smallest full-year underlying profit in five years at US$10.9 billion, citing lower iron ore prices and rising production costs, while maintaining a steady shipment forecast of up to 338 million tonnes for 2025. The company declared a total annual dividend of US$4.02 per share.Fortescue Metals Group experienced a 53% drop in first-half profit to US$1.6 billion and announced a reduced interim dividend of A$0.50 per share. Meanwhile, Pilbara Minerals recorded a first-half loss of A$69 million, with revenues down 44% to A$426 million, opting to withhold an interim dividend to strengthen its balance sheet.
The ASX 200 reached a record high of 8331.70 on 15 October 2024, driven by gains in resource and technology stocks, despite a decline in energy shares due to falling crude oil prices. Major banks also showed recovery, while uranium stocks surged following Alphabet Inc.'s investment in nuclear power. Energy stocks fell as crude oil prices dropped over 5%, influenced by OPEC's lowered demand forecasts and reduced oil imports from China. The index's performance suggests a potential upward trend if it maintains a close above 8300/10.
Fortescue Metals Group Ltd.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
mining giants report mixed financial results amid market challenges
05:59 20.02.2025
ASX 200 reaches record high amid resource and technology stock gains
Australian Dollar
United States Dollar
BHP Group Limited
Commonwealth Bank of Australia
Fortescue Metals Group Ltd.
National Australia Bank (NAB)
Rio Tinto
ISR
CHN
AUS
Show more
07:13 15.10.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Finance Mergers & Acquisitions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Central Bank Actions
Industry Mergers & Acquisitions
Inflation and Monetary Impact
CEO Changes
Market Analysis and Predictions
Government Economic Policies
Government Policies
Domestic Politics
Workplace Trends
GDP Growth & Recession Forecasts
Supply Chain Management
Countries:
Companies:
Barclays PLC
Apple Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Deutsche Bank Money Market PP
Banco Santander, S.A.
The Goldman Sachs Group, Inc.
Credit Suisse Strategic Income I
Berkshire Hathaway Inc.
Lloyds Banking Group plc
SpaceXCoin USD
Bank of America Corporation
Amazon.com, Inc.
UBS Group AG
Morgan Stanley
NVIDIA Corporation
Wells Fargo & Company
BNP Paribas SA
Commerzbank AG
UniCredit S.p.A.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Chinese Yuan
Canadian Dollar
Vietnamese Đồng
South Korean Won
Australian Dollar
Thai Baht
New Taiwan Dollar
Singapore Dollar
Indonesian Rupiah
Mexican Peso
Cambodian Riel
Russian Ruble
Hong Kong Dollar
Offshore Chinese Yuan
People:
Donald Trump
Elon Musk
Warren Buffett
JD Vance
Sergio Ermotti
Mark Haefele
Robin Leopold
Olivier Calvet
Troy L Rohrbaugh
Jennifer Piepszak
Karoline Leavitt
Ursula von der Leyen
Alex Kramm
Susan P. Crawford
Scott Bessent
Stacey Friedman
Jeff Bezos
George Saravelos
Francois Xavier Bouvignies
Joseph Spak