International Business News - RTP http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Asian companies have been snapping up choice overseas assets, mainly in Europe, with mergers and acquisitions hitting a record $58 billion so far this year despite the financial crisis. http://www.ibtimes.com/articles/20081204/foreign-deals-by-asia-companies-hit-record-in-2008.htm Thu, 04 Dec 2008 01:52:47 EST Mining giant BHP Billiton Ltd. said Thursday it was better placed than its rivals to survive the global financial crisis, but warned it was not immune to its effects, including an expected 17 percent downturn in Chinese steel production. http://www.ibtimes.com/articles/20081127/bhp-says-it-is-well-placed-to-survive-crisis.htm Thu, 27 Nov 2008 01:08:41 EST Mining giant BHP Billiton Ltd. said Thursday it was better placed than its rivals to survive the global financial crisis, but warned it was not immune to its effects, including an expected 17 percent downturn in Chinese steel production. http://www.ibtimes.com/articles/20081126/bhp-says-it-is-well-placed-to-survive-crisis.htm Wed, 26 Nov 2008 20:39:24 EST A look at economic developments and stock market activity around the world Wednesday: ___ http://www.ibtimes.com/articles/20081126/a-look-at-economic-developments-around-the-world.htm Wed, 26 Nov 2008 14:48:49 EST A look at economic developments and stock market activity around the world Wednesday: ___ http://www.ibtimes.com/articles/20081126/a-look-at-economic-developments-around-the-world.htm Wed, 26 Nov 2008 17:48:31 EST Mining giant Rio Tinto on Wednesday sought to allay concerns about its debt levels a day after bigger rival BHP Billiton abandoned a takeover bid for that reason, sending Rio's share price plummeting. http://www.ibtimes.com/data/articleimgs/182020-australia-bhp-billiton-rio-tinto.jpg http://www.ibtimes.com/articles/20081126/rio-tinto-says-it-is-comfortable-with-debt-level.htm http://www.ibtimes.com/articles/20081126/rio-tinto-says-it-is-comfortable-with-debt-level.htm Wed, 26 Nov 2008 06:47:12 EST Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20081125/dr-horton-rio-tinto-analog-devices-big-movers.htm Tue, 25 Nov 2008 18:09:55 EST A look at economic developments and stock market activity around the world Tuesday: ___ http://www.ibtimes.com/articles/20081125/a-look-at-economic-developments-around-the-world.htm Tue, 25 Nov 2008 18:35:11 EST Shares of Rio Tinto Ltd. plunged 35 percent Tuesday after BHP Billiton Ltd. dropped plans to acquire the rival mining giant in a $68 billion hostile takeover bid, citing the global economic slowdown and falling commodity prices. http://www.ibtimes.com/articles/20081125/rio-tintos-shares-drop-35-percent-on-failed-bid.htm Tue, 25 Nov 2008 11:40:59 EST Mining giant BHP Billiton Ltd. said it was looking for other takeover targets during the current global financial turmoil, after abandoning its $68 billion hostile bid for Rio Tinto citing risky conditions. http://www.ibtimes.com/articles/20081125/bhp-billiton-abandons-bid-for-rio-tinto.htm Tue, 25 Nov 2008 20:19:48 EST Australia's stock market surged Tuesday, closing nearly 6 percent higher as investors welcomed the U.S. government's bailout of Citigroup Inc. and big overnight rises on Wall Street. http://www.ibtimes.com/articles/20081125/australian-stock-index-closes-nearly-6-pct-higher.htm Tue, 25 Nov 2008 01:29:57 EST World stock markets closed modestly higher Tuesday despite some profit-taking that trimmed initial gains brought on by the U.S. government's latest attempt to revive lending in the world's largest economy. http://www.ibtimes.com/data/articleimgs/181497-japan-markets.jpg http://www.ibtimes.com/articles/20081125/asian-stock-markets-rise-after-wall-street-rally.htm http://www.ibtimes.com/articles/20081125/asian-stock-markets-rise-after-wall-street-rally.htm Tue, 25 Nov 2008 17:28:40 EST Australian stocks rebounded from a 3.3 percent slide early Friday to finish the session in positive territory after four consecutive days of losses. The benchmark S&P/ASX200 index was up 63.6 points, or 1.9 percent, at 3,416.5, while the broader All Ordinaries index had gained 54.3 points, or 1.6 percent, to 3,386.9. http://www.ibtimes.com/articles/20081121/australian-stock-index-rebounds-to-close-higher.htm Fri, 21 Nov 2008 01:05:53 EST Asian stock markets tumbled Thursday, with Japan's main index losing nearly 5 percent, after fears of a protracted recession sent Wall Street plunging to it lowest point in five years. http://www.ibtimes.com/data/articleimgs/178486-japan-markets.jpg http://www.ibtimes.com/articles/20081119/asian-markets-fall-on-gloomy-earnings-outlook.htm http://www.ibtimes.com/articles/20081119/asian-markets-fall-on-gloomy-earnings-outlook.htm Wed, 19 Nov 2008 23:44:04 EST Buoyed by a Wall Street rebound, Australia's stock market rose Friday, led by energy companies. The benchmark S&P/ASX200 index closed up 1.37 percent, or 50.8 points, to 3,748.1 after surging more than 4 percent earlier in the day. http://www.ibtimes.com/articles/20081114/australian-stock-market-gains-after-us-rebound.htm Fri, 14 Nov 2008 06:18:10 EST Australia's stock market plunged Thursday to close at a four-year low as gloom continued to permeate the global financial system, wiping about 57 billion Australian dollars ($37 billion) from the market's value. http://www.ibtimes.com/articles/20081113/australias-key-stock-index-sinks-to-4-year-low.htm Thu, 13 Nov 2008 02:03:37 EST Asian markets gained modestly in the wake of Wall Street's overnight surge as investors nibbled on beaten-down shares and global leaders gathered in Washington to discuss ways to tackle the global financial crisis. http://www.ibtimes.com/data/articleimgs/174074-aptopix-south-korea-markets.jpg http://www.ibtimes.com/articles/20081113/asian-markets-tumble-on-grim-us-corporate-news.htm http://www.ibtimes.com/articles/20081113/asian-markets-tumble-on-grim-us-corporate-news.htm Thu, 13 Nov 2008 23:25:22 EST Australian stocks dived Tuesday, reversing the previous session's gains as renewed fears of a global recession and a domestic slowdown weighed on the bourse. http://www.ibtimes.com/articles/20081111/australian-stock-market-falls-3-6-percent.htm Tue, 11 Nov 2008 01:25:20 EST Australian iron ore miners Rio Tinto Ltd. and Fortescue Metals Group Ltd. said Monday they have each cut their annual production by 10 percent due to weakening demand from China. http://www.ibtimes.com/articles/20081110/rio-tinto-fortescue-cut-iron-ore-output.htm Mon, 10 Nov 2008 02:14:56 EST Rio Tinto will reduce production of iron ore at its Western Australia mines by 10 percent due to weakening demand from China, the company said. The miner revised its estimates for iron ore shipments from the Pilbara region to between 170 million tonnes (190.4 million U.S. tons) and 175 million tonnes (196 million U.S. tons) in 2008, according to a statement. http://www.ibtimes.com/articles/20081109/rio-tinto-cuts-iron-ore-production.htm Sun, 09 Nov 2008 19:04:58 EST