Vale SA (VALE5.SA)
25 Jul 2014
R$ -0.02 (-0.07%)
|Market Cap (Mil.):||R$ 166,496.09|
|Shares Outstanding (Mil.):||5,365.30|
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RIO DE JANEIRO, July 24 - Brazil's Vale SA produced record amounts of iron ore in its latest second quarter, rising to the task of battling Australian rivals for market share, but weaker performance at other divisions fanned some concern ahead of results next week.
MELBOURNE/LONDON/RIO DE JANEIRO, July 24 - After two years of shunning miners, investors are tiptoeing back into the sector on signs of growth perking up in China, company austerity measures paying off, and prices of nickel, copper and aluminium picking up as supply tightens.
BRASILIA, July 17 - China expanded its trade partnership with Brazil on Thursday with $7.5 billion in financing for Brazilian miner Vale, the purchase of 60 passenger jets from planemaker Embraer and renewed commitment to invest in infrastructure.
BRASILIA, July 17 - Brazilian aircraft maker Embraer agreed to sell up to 60 commercial passenger jets to China and mining company Vale received two new credit lines from Beijing, as the presidents of the two countries signed agreements to deepen commercial ties.
BRASILIA, July 17 - China and Brazil sealed their expanding commercial partnership on Thursday with a $5 billion credit line for Brazilian miner Vale and the purchase of 60 passenger jets from Brazilian planemaker Embraer.
SAO PAULO, July 16 - Brazil's benchmark Bovespa stock index fell on Wednesday as a decline in bank shares offset gains in mining firm Vale and telecommunications company Grupo Oi. Moves in the rest of Latin America's stock indexes and currencies were muted, while Chile's markets were closed for a local holiday. The Bovespa erased early gains, capping a four-session rally that led the index to its highest close since late October in the previous session. "With the gains over
(The following statement was released by the rating agency) CHICAGO, July 01 (Fitch) Fitch Ratings has affirmed Vale S.A.'s (Vale) ratings as follows: --Foreign currency (FC) and local currency (LC) Issuer Default Rating (IDR) at 'BBB+'; --Unsecured debt at 'BBB+'; --National Scale Rating at 'AAA (bra)'; --Unsecured Brazilian real denominated debentures at 'AAA (bra)'. Fitch has also affirmed the 'BBB+' FC IDRs of Vale Overseas Limited and Vale Canada Limited, as well as the 'BBB+' foreign
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--Clyde Russell is a Reuters columnist. The views expressed are his own.--
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