Rio Tinto Stock News

Rio Tinto faces fresh complications from its promise to cut business ties with Russia, analysts say, with the knock-on effects of the decision likely to complicate the supply chain for its ISAL aluminium smelter in Iceland.

After RIO stock pulled back as it cut ties with Russian businesses, here''s how to approach it….RIO

London''s FTSE 100 fell on Thursday with heavyweight financial and oil shares leading declines, along with miner Rio Tinto after it severed all ties with Russian businesses and also traded ex-dividend.

Rio Tinto became the first major mining company to announce it was severing ties with Russian businesses following the invasion of Ukraine.

Thursday''s top analyst upgrades and downgrades included Arista Networks, Bumble, Cisco Systems, ConocoPhillips, CrowdStrike, DXC Technology, Eli Lilly, Emerson Electric, Freeport-McMoRan, Halliburton, Rio Tinto, Olaplex, PPL and Teck Resources.

Britain froze the assets of Roman Abramovich, owner of Chelsea soccer club, on Thursday in an escalation of sanctions against associates of Vladimir Putin, while mining giant Rio Tinto joined the corporate exodus from Russia.

LVIV, Ukraine/ANTALYA, Turkey: Ukraine said on Thursday Moscow had refused to guarantee humanitarian access to rescue hundreds of thousands of civilians trapped under bombardment, as the opposing sides yielded nothing at the highest level talks since the Russian invasion began. Russia’s war in Ukraine entered the third week with none of its stated objectives reached, despite thousands of people killed, more than two million made refugees and thousands cowering in besieged cities under relentless bombardment. Ukraine’s Foreign Minister Dmytro Kuleba met Russia’s Sergei Lavrov in Turkey, but said he had secured no promise from him to halt firing so aid could reach civilians, including Kyiv’s main humanitarian priority - evacuating hundreds of thousands of people trapped in the besieged port of Mariupol. Ukraine accuses Moscow of breaking ceasefire to trap civilians in Mariupol “I made a simple proposal to Minister Lavrov: I can call my Ukrainian ministers, authorities, president now and give you 100% assurances on security guarantees for humanitarian corridors,” he said. “I asked him ‘can you do the same?’ and he did not respond.” Holding his own simultaneous news conference in a separate room, Lavrov showed no sign of making any concessions, repeating Russian demands that Ukraine be disarmed and accept neutral status.

Rio TInto (RIO) -5.9% pre-market after saying it is terminating all commercial relationships it has with any Russian business, the latest in a wave of major natural resource companies…

Rio Tinto PLC (NYSE: RIO ) became the first leading miner to suspend trading relations with Russian businesses, Reuters reports . Japan''s Sony Group (NYSE: SONY ) and Nintendo Co Ltd (OTC: NTDOF ) (NTDOY) also halted deliveries of their gaming consoles. Credit Suisse Group AG (NYSE: CS ) flagged a ~$900 million Russian credit exposure. Hitachi Construction Machinery … Full story available on Benzinga.com

Rio Tinto has beat a hasty retreat from comments made by the company’s copper boss implying the mining giant could struggle to ditch business relations with Russian oil titans, as more Australian corporate majors cut ties with Russia over the Ukraine invasion.

2/2 © Reuters. FILE PHOTO: A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray 2/2 By Praveen Menon and Sam Nussey (Reuters) – Rio Tinto (NYSE:) became the first major mining company to cut ties with Russian businesses and Japan’s Sony (NYSE:) …

FTSE 100 weighed down by miners and banks; Rio Tinto top loser

Rio Tinto became the first major mining company to cut ties with Russian businesses and Japan’s Sony and Nintendo suspended deliveries of their gaming consoles, joining a global corporate exodus from Russia over its invasion of Ukraine. Japanese construction machinery supplier Hitachi 6501.T said it would stop exports and cease most operations…

Rio Tinto on Thursday became the first major mining company to announce it was cutting all ties with Russian businesses, joining a raft of leading Western companies in a pullout following Moscow's inv

Anglo-Australian miner Rio Tinto announced Thursday it would sever all business ties with Russia following the invasion of Ukraine. The company said in a statement that it "is in the process of terminating all commercial relationships it has with any Russian business".