Vale SA (VALE5.SA)
4 Dec 2013
R$ 0.18 (+0.56%)
|Market Cap (Mil.):||R$ 182,163.30|
|Shares Outstanding (Mil.):||5,365.30|
By Brad Haynes and Silvio Cascione SAO PAULO, Dec 3 - Brazil's economy contracted in the third quarter for the first time since early 2009 as a steep drop in investment showed flagging confidence in what was recently one of the world's most attractive emerging markets. The economy shrank 0.5 percent between July and September from the prior three months, government statistics agency IBGE said on Tuesday, missing forecasts in what has become a disappointing routine over the last
SAO PAULO - Brazil's economy contracted in the third quarter for the first time since early 2009, falling short of expectations yet again as plunging investment underscored eroding confidence in what was recently one of the world's most promising emerging markets.
* Iron ore at 2-week top, ample supplies curb gains * Stabilising Chinese economy boosts sentiment in steel * Rio Tinto, Vale cut spending plans (Updates rebar price, adds Dalian iron ore) By Manolo Serapio Jr SINGAPORE, Dec 3 - Shanghai steel futures rose on Tuesday to their loftiest level since mid-October, reflecting a better outlook on demand as the Chinese economy shows signs of stabilising. China's manufacturing activity remained at an 18-month high in Novem
* Iron ore at 2-week top * Stabilising Chinese economy boosts sentiment in steel * Rio Tinto, Vale cut spending plans By Manolo Serapio Jr SINGAPORE, Dec 3 - Shanghai steel futures rose on Tuesday to their loftiest level since mid-October, reflecting a better outlook on demand as the economy shows signs of stabilising. China's manufacturing activity remained at an 18-month high in November on firm domestic and foreign demand, according to a government survey releas
SAO PAULO/RIO DE JANEIRO, Dec 2 - Vale SA lowered its investment budget for a third straight year as the world's No. 2 mining company bolstered efforts to focus expansion on its main iron ore business.
SAO PAULO, Dec 2 - Vale SA's tax settlement with the Brazilian government will cost the world's No. 1 iron ore producer the equivalent of 1 percent of annual revenue for the next 15 years, executives said on a conference call on Monday.
RIO DE JANEIRO, Dec 2 - Brazilian global mining group Vale SA expects the global iron ore supply to rise, starting in 2014, and the international market will be able to absorb the increase, the company's iron ore chief, Jose Carlos Martins, told investors in New York on Monday.
SAO PAULO, Dec 2 - Brazilian iron ore miner Vale SA said on Monday its board approved a 2014 investment budget of $14.8 billion, with 80 percent going to develop new iron ore project and logistics.
* Brazil Bovespa gains 0.9 pct, Mexico IPC up 0.1 pct SAO PAULO, Nov 28 - Brazilian stocks rose the most in over a week on Thursday as shares of heavily weighted mining firm Vale SA jumped after the company agreed to settle a steeply discounted back tax bill. Mexico's IPC index edged higher while Chile's bourse added to Wednesday's gains. Brazil's benchmark Bovespa stock index climbed for the second straight day, advancing 0.9 percent to 52,329.78. Vale's preferred s
* Vale says assessment double-taxes foreign units' profit
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