Market update - 25 July
July 25, 2008
The FTSE 100 was down 50.8 points at 5311.5 at 12:05 pm this morning after fresh concern about the mortgage market and the health of a leading US bank hit Wall Street overnight. The Down Jones Industrial Average was badly bruised, down 283.1 at 11349.3 points, after Washington Mutual reported a $3.3bn second quarter loss and analyst said that the unsecured creditors were moving to reduce their exposure to the Seattle, Washington, based lender.
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BHP Billiton and China's Baosteel agree on iron ore price rise of up to 96.5 percent
BHP Billiton said Friday it has reached agreement with China's Baosteel on prices for iron ore deliveries, securing increases of up to 96.5 percent after protracted negotiations.
BHP Billiton executives say Rio Tinto takeover bid will go to European regulators within weeks
A BHP Billiton Ltd. executive said the world's largest miner will submit its first paperwork with European Union regulators regarding its planned takeover of rival Rio Tinto Ltd. within weeks. 
BHP Billiton's bid for Rio Tinto...
The European Union has begun a full investigation into BHP Billiton's proposed
$170billion ($£85.8billion)takeover of Rio Tinto, its rival.
BHP Billiton reports record annual...
AP - BHP Billiton Ltd., the world's largest mining company, has reported a record annual profit and says it expects demand for commodities to remain strong.
BHP Billiton posts record annual profit
BHP Billiton Ltd, the world's largest mining company, has reported a record annual profit and says it expects demand for commodities to remain strong.
BHP Billiton posts record...
AFP - The world's biggest miner BHP Billiton on Monday announced record annual net profits of 15.39 billion US dollars (10.46 billion euros), driven by soaring commodity prices...
BHP Billiton reports record annual...
BHP Billiton Ltd., the world's largest mining company, has reported a record annual profit and says it expects demand for commodities to remain strong.
BHP Billiton shares surge on report...
The Australia-listed shares of BHP Billiton Ltd. rose more than 4 percent Friday to a record high of 50 Australian dollars (US$46.74; €30.21) amid further speculation about...
EU widens antitrust probe into BHP Billiton's proposed acquisition of Rio Tinto
The European Commission on Friday widened its antitrust probe into the proposed acquisition of Rio Tinto Inc. by BHP Billiton Ltd., saying an initial investigation revealed concerns about higher prices and reduced choice for EU customers of the mining concerns.
BHP Billiton posts record 15.4-billion-dollar profit (AFP)
AFP - The world's biggest mining company BHP Billiton Ltd. posted a record 15.39-billion-US-dollar annual net profit Monday and said it expected Asian demand to remain strong despite a global slowdown.
BHP Billiton ties up Canadian potash...
AFP - British-Australian mining giant BHP Billiton has agreed to buy Anglo Potash for 284 million Canadian dollars (144 million pounds).
BHP Billiton ties up Canadian potash...
AFP - British-Australian mining giant BHP Billiton said Monday it had agreed to buy Anglo Potash for 284 million Canadian dollars (182 million euros, 282 million US dollars).
BHP Billiton will buy Canadian potash
British-Australian mining giant BHP Billiton has agreed to buy Anglo Potash for $A300 million.
BHP Billiton books production records
BHP Billiton Ltd has booked full year production records for seven of the many commodities it sells, despite higher costs and supply disruptions.
Fortescue ship refloated in Port Hedland
BHP Billiton says the grounding of a ship at the Port Hedland harbour illustrates why third parties should not be given access to its Pilbara rail network.
BHP Billiton wins US approval for...
America's anti-trust regulators have given partial approval to BHP Billiton's
$38 billion ($£19.1 billion) offer for Rio Tinto but the deal is still
awaiting the opinion of...
Shares of BHP Billiton, Rio Tinto climb on rumors of higher bid for Rio, Chinese stake
Shares of BHP Billiton Ltd. and Rio Tinto Ltd. surged in Australia on Wednesday as fresh rumors swirled around the two companies linked by what could be the largest takeover ever in the mining sector.
BHP Billiton poised for record profit
BHP Billiton is set to deliver a record annual profit in excess of $US15 billion ($A17.26 billion), underpinned by a strong result from its petroleum division.
BHP Billiton reports record annual...
BHP Billiton Ltd., the world's largest mining company, has reported a record annual profit and says it expects demand for commodities to remain strong.
BHP Billiton says Chinese demand...
The world’s largest mining company, BHP Billiton, unveiled a record $15.4
billion profit this morning, fuelled by high commodity prices and continued
strong demand from China.$
BHP Billiton not aware of any effort...
BHP Billiton Ltd. said Thursday it is not aware of any move by China to take a substantial stake in the miner, responding to a media report that helped boost the company's...
Rio Tinto says it is comfortable with...
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...
BHP and Rio Tinto lead market higher
The Australian sharemarket closed higher yesterday, boosted by strong rises in global miners BHP Billiton and Rio Tinto.
National Australia Bank shares fall 10%
National Australia Bank shares have dropped 10 per cent after the bank announced an extra $830m loss on its exposure to US mortgage-backed debt securities.