Rio Tinto surprised investors by more than doubling its full-year dividend and promising to return $5 billion to shareholders over the next two years to soak up bumper cashflows after it reported a record second-half profit.
The size of the buyback an…
“At the end of the day Im just a mug punter but even I with my limited intelligence know the definition of “super” I mean imagine if Super mans powers were slightly greater than that of the average man….. he wouldnt really be “Super man” now would he, he’d be “Slightly better than average man” [...]
Before we get on to today’s non-property related edition of Money Morning a very brief follow-up to yesterday’s edition.
First of all, we’ve re-read it, and do you know what, it seems a little disjointed. After two weeks of a property famine, on reflection we think we tried to cram in too much – must [...]
Anglo-Australian mining giant Rio Tinto said Thursday it had secured its first-ever iron ore sale to India, a “ground-breaking” development it described as significant for its future.
Iron ore chief Sam Walsh said Rio had sold a 160,000 metric-ton shipment to Indian steelmaker Essar for delivery later this month.
“To me, this is a ground-breaking sale and [...]
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