Rio Tinto raises 2025 copper output view on boost from Mongolia’s Oyu Tolgoi mine
(Reuters) -Australian mining giant Rio Tinto (NYSE:RIO) forecast higher consolidated mined copper production for fiscal 2025 on Wednesday, driven primarily by an anticipated 50% surge in output from its Oyu Tolgoi operation in Mongolia next year. While Rio Tinto’s profits…
Japan stocks higher at close of trade; Nikkei 225 up 0.06%
Investing.com – Japan stocks were higher after the close on Wednesday, as gains in the Banking, Insurance and Transportation Equipment sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.06%. The best performers of the session…
Salesforce: Jefferies hikes PT on strong earnings, flags slowing margin growth
Investing.com– Jefferies increased its price target for Salesforce Inc (NYSE:CRM) on strong quarterly results, but flagged concerns about slowing improvements in profit margins and weaker growth in recently acquired businesses. Salesforce’s revenue grew by 8.3% in the third quarter, beating…
StanChart sets $200 billion new wealth assets target, focuses on Chinese and Indian wealthy
By Lawrence White and Selena Li LONDON/HONG KONG (Reuters) – Standard Chartered (OTC:SCBFF) (StanChart) will target $200 billion in new assets and double-digit growth in income from its wealth business over the next five years, as part of its wider…
India’s Adani Group seeks to settle regulatory charge of shareholding violations, ET reports
(Reuters) -Several entities linked to the Adani Group have approached the India markets regulator seeking to settle a case that accuses them of violating public shareholding regulations at some listed companies, the Economic Times reported on Tuesday. The Securities and…
France at turning point amid budget uncertainty, finance minister says
PARIS (Reuters) – France is at a turning point due to uncertainty over the country’s budget and the future of the government, Finance Minister Antoine Armand said on Tuesday. Expectations that Prime Minister Michel Barnier’s government will collapse due to…