Peter O'Connor

Glencore CEO Seeks to Win Over Investors With Dividends

Glencore Xstrata Plc wants to win over investors in the newly combined group with plans to study special dividends and share buybacks after completing a deal that creates the biggest zinc producer and steam-coal exporter.

Glencore Xstrata Stock Debut Values Group at $70 Billion

Glencore Xstrata Plc, the world’s biggest zinc miner and exporter of coal for power stations, rose on its first day of trading as a combined company in London, with the share market valuing the group at about $70 billion.

Glencore Xstrata Valued at $69 Billion in London Trading

Glencore Xstrata Plc, the world’s biggest zinc miner and exporter of coal for power stations, rose on its first day of trading as a combined company in London, with the share market valuing the group at $69 billion.

Glencore Said to Hire Two Xstrata Execs Amid Departures

Glencore Xstrata Plc hired two former Xstrata Plc executives as division heads amid the departure of a number of senior managers as it completed the takeover of the coal exporter, a person familiar with the matter said.

Coal Seen Stalling After Best Quarter Since 2011: Energy Markets

Coal prices in Asia are poised to stall after the biggest quarterly gain in two years as demand from China fails to absorb increased exports from Australia, Colombia and Indonesia.

Fortescue to Revisit Bond Markets for Expansion, Merrill Says

Fortescue Metals Group Ltd. , Australia’s third-biggest producer of iron ore, will return to the bond market to raise funds for an $8.4 billion expansion to be finalized today, Merrill Lynch & Co Inc. said.

Shale Writedowns Begin as Lower Prices Follow Record M&A

The record slump in natural-gas prices signals companies from BHP Billiton Ltd. to Ultra Petroleum Corp. are at risk of writing off billions of dollars of assets following a bubble in U.S. shale-gas acreage.

Merrill Cuts Mount Gibson Rating as APAC Resources Takes Control of Board

Mount Gibson Iron Ltd. , an Australian iron ore producer, had its rating cut by Merrill Lynch because the company’s major shareholder and customer Hong Kong-based APAC Resources Ltd. took control of the board.

Rio, BHP May Abort Planned Iron Ore Venture By End of Year, Merrill Says

BHP Billiton Ltd. and Rio Tinto Group , the world’s largest- and third-largest mining companies, may abort their proposed iron ore joint venture by the end of the year because of regulatory objections, Merrill Lynch said.

Australia May Become Highest-Taxed Mining Nation, Citigroup Analyst Says

The possible introduction of a 40% resources tax may make Australia, the world’s biggest exporter of iron ore, alumina and coal, the most highly-taxed mining nation, cutting its competitiveness, Citigroup Inc. said.

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S&P 500 Rallies to Record on Increased Economic Optimism

Verizon Wireless Agrees to Pay Co-Owners $7 Billion Dividend

S&P 500 Rises on U.S. Optimism While Metals Fall on China

U.S. Deficit to Fall to $642 Billion, Says Budget Agency

Hagel Sets Furloughs for 680,000 Workers Starting July 8