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Rio Tinto Group (RIO)

NYSE - NYSE Delayed Price. Currency in USD
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69.85-0.49 (-0.70%)
At close: 04:00PM EST
70.85 +1.00 (+1.43%)
Pre-Market: 05:51AM EST
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  • Reuters

    UPDATE 1-Rio Tinto 2023 iron ore shipments seen in line with 2022 view

    Global miner Rio Tinto said on Wednesday its iron ore shipments in 2023 would be in the same range as this year's forecast, and warned costs would be higher. It forecast unit cost of $21 to $22.5 per tonne of iron ore for next year, up from $19.5 to $21 per tonne expected in 2022. "We continue to take a cautious stance on iron ore prices and this will act as a drag to Rio's free-cash-flow as it works through this transition," Broda added.

  • Reuters

    Europe's STOXX 600 logs best month since July on China, smaller rate hikes cheer

    (Reuters) -The STOXX 600 index closed higher on Wednesday and registered its second straight month of gains on hopes of easing COVID curbs in China and after cooler euro zone inflation data bolstered case for smaller rate hikes by the European Central Bank. China-exposed luxury stocks <.SXQP> were among the biggest boosts to the STOXX 600 on Wednesday, followed by auto <.SXAP> and commodity <.SXEP>, stocks. "Optimism about China reopening is really starting to filter through," said Giles Coghlan, chief market analyst at HYCM.

  • Reuters

    European shares rise with the focus on data, Fed's Powell

    European shares rose on Wednesday, joining Asian peers, although caution remained amid disappointing China factory activity data, and as investors looked to U.S. Federal Reserve Chair Jerome Powell's speech for more clues on monetary policy stance. Broad-based gains saw the pan-European STOXX 600 index rise 0.3% by 0825 GMT, on track to break a three-day losing streak.