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latest news & developmentsRio Tinto’s annual net profit falls
The world’s third-largest miner, Rio Tinto, said on Wednesday its full-year net profit fell almost 2% in 2007 to $7,312-billion as it again rejected a takeover bid by rival BHP…
BHP Billiton bid for Rio Tinto fails again
BHP Billiton, the world’s biggest mining company, sweetened its takeover bid for rival Rio Tinto on Wednesday to ,4-billion, but its proposal was again rebuffed. Amid reports…
BHP raises Rio bid; no immediate Chinese riposte
BHP Billiton launched a hostile ,4-billion bid for rival Rio Tinto in a move that could trigger a Chinese-led counterbid in the world’s second biggest corporate takeover.…
BHP’s Rio offer may spark $170-billion war
Rio Tinto’s rejection of a -billion all-share offer from BHP Billiton is likely to trigger rival bids from resource companies awash with cash from record commodity and stock…
Climate change spurs industry restructuring
Climate change is spurring a ”worldwide economic and industrial restructuring” as more and more of the world’s largest companies seek to confront global warming, an investor…