Company Overview and News

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The US has more than 5,600 banks. Consolidation is coming

2018-05-23 cnbc
The US's banks have largely sat out the mergers and acquisitions wave of recent years. While deal records have fallen in almost every other sector, big banks have done almost nothing, shrinking rather than expanding. And merger activity among small and mid-sized banks — some 5,607 of them, at last count — has been subdued.

 
BHP Billiton Braves Iron-Ore Price Slump on Robust Yield

2018-05-23 zacks
On May 22, we issued an updated research report on premium basic materials company — BHP Billiton Limited (BHP - Free Report) . The stock currently carries a Zacks Rank #3 (Hold), but flaunts a VGM Score of A. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Let's dig a little deeper into the fundamental factors of the stock. Gaining on Higher Productivity & Liquidity Over the past five years, BHP Billiton has gathered productivity gains worth $12 billion.

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Top Analyst Upgrades and Downgrades: Celgene, Cypress Semi, Intuit, KemPharm, Oasis Petroleum, Rio Tinto, Shake Shack and More

2018-05-23 247wallst
Stocks were up earlier this week, but fresh warnings that a North Korea summit might not actually happen in June weighed on the indexes on Wednesday. The trend of buying the dips has not worked as well as it has in prior years, and many investors have been considering how they want their investments positioned for the longer term.

 
European Electric Metals Reports on Advanced Stage Portugal Copper Project

2018-05-23 globenewswire
VANCOUVER, British Columbia, May 23, 2018 (GLOBE NEWSWIRE) -- European Electric Metals Inc. (TSX-V:EVX) (“EVX” or “the Company”) is pleased to announce that it has signed an agreement to acquire an exploration application in Portugal for an advanced stage copper asset with historic production.

 
Freeport-McMoRan Is Up ~13% in May: Can Hot Streak Continue?

2018-05-23 marketrealist
Freeport-McMoRan (FCX), the leading US-based copper miner, is having a nice run in May. The stock has risen 12.9% so far this month based on May 22 closing prices. Thanks to the upwards price action this month, Freeport has narrowed its 2018 losses to 9.2%. Overall, 2018 has been a somber year for Freeport. The company also missed its first-quarter earnings estimates.

 
Deals of the day-Mergers and acquisitions

2018-05-23 reuters
May 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday:

 
METALS-Copper slides as optimism fades over U.S.-China trade talks

2018-05-23 reuters
LONDON, May 23 (Reuters) - Copper fell 2 percent on Wednesday as U.S. President Donald Trump tempered optimism that a China-U.S. trade stand-off was at an end, knocking appetite for cyclical assets and helping pull the metal from the previous day’s near one-month high.

 
ASX drops for a fifth straight session

2018-05-23 theage.com.au
Australian shares have closed the day lower despite a positive performance in early trade as it recorded its fifth consecutive fall.

 
ASX drops for a fifth straight session

2018-05-23 smh.com.au
Australian shares have closed the day lower despite a positive performance in early trade as it recorded its fifth consecutive fall.

 
Rio Tinto in talks for Grasberg mine sale

2018-05-23 businessnews.com.au
Rio Tinto has confirmed it is in talks about the potential purchase of its stake in the Indonesian Grasberg mine for $3.5 billion.

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Rio seen ready to sign $4.4b deal to exit giant Indonesian copper mine

2018-05-22 smh.com.au
Rio Tinto Group is ready to accept a $US3.5 billion ($4.4 billion) deal with Indonesia for its interest in the giant Grasberg copper and gold mine, according to people with knowledge of the discussions.

 
Rio seen ready to sign $4.4b deal to exit giant Indonesian copper mine

2018-05-22 theage.com.au
Rio Tinto Group is ready to accept a $US3.5 billion ($4.4 billion) deal with Indonesia for its interest in the giant Grasberg copper and gold mine, according to people with knowledge of the discussions.

 
Australia's Rio Tinto in talks with Inalum, Freeport for Grasberg sale

2018-05-22 reuters
(Reuters) - Rio Tinto Ltd (RIO.AX) on Wednesday confirmed it was in discussions with Inalum and Freeport-McMoRan (FCX.N) regarding a potential purchase of its stake in the Grasberg mine by Inalum, including the price.

 
Rio Tinto edges closer to Grasberg deal

2018-05-22 australianmining.com.au
Rio Tinto has confirmed that PT Indonesia Asahan Aluminium (Inalum) is interested in buying its share in the Grasberg copper-gold mine in Indonesia.

 
Investor Confidence In Higher Copper Remains Strong

2018-05-21 seekingalpha
Copper equities have rallied significantly since last year, while the copper price is up 17% year-to-date.

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