Vale Stock News

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Vale and Steinmetz have been locked in a multi-pronged legal battle for years resulting from a failed mining joint venture in Guinea

© Reuters. FILE PHOTO: Israeli billionaire Beny Steinmetz leaves a courthouse in Geneva, Switzerland January 22, 2021. REUTERS/Denis Balibouse By Gram Slattery and Marta Nogueira RIO DE JANEIRO (Reuters) – Brazilian mining company Vale SA (NYSE:) has dropped a $1.2 billion claim against individuals and entities linked to Israeli-born billionaire Beny Steinmetz, the miner said …

By Gram Slattery and Marta Nogueira RIO DE JANEIRO (Reuters) – Brazilian mining company Vale SA has dropped a $1.2 billion claim against individuals and entities linked to Israeli-born billionaire Beny Steinmetz, the miner said in a statement on Monday.

https://www.investing.com/news/stock-market-news/brazils-vale-drops-12-billion-claim-in-steinmetz-dispute-2764014

RIO DE JANEIRO (Reuters) – Brazilian mining company Vale SA has dropped a $1.2 billion claim against individuals and entities linked to Israeli-born billionaire Beny Steinmetz, the miner said in a statement on Monday. Vale and Steinmetz have been locked in a multi-pronged legal battle for years resulting from a failed mining joint venture in … Read More

Brazilian mining company Vale SA has dropped a $1.2 billion claim against individuals and entities linked to Israeli-born billionaire Beny Steinmetz, the miner said in a statement on Monday.

Vale <> has dropped its court battle with Beny Steinmetz and associates less than half way through a planned 11-week trial into alleged bribery, Bloomberg reports,

Vale S.A. (NYSE:VALE)’s traded shares stood at 9.71 million during the latest session, with the company’s beta value hitting 1.00. At the last check today, the stock’s price was $17.83, to imply a decrease of -0.14% or -$0.02 in intraday trading. The VALE share’s 52-week high remains $23.17, putting it -29.95% down since that peak … Boom Or Bust: What Are Vale S.A.’s (NYSE:VALE) Future Prospects? Read More »

(Feb 11): Rio Tinto Group’s hold on the title of world No. 1 iron ore producer is safe — at least for another quarter.

Futures Reverse Overnight Rout As Doubts Emerge About Aggressive Fed Hiking After initially sinking sharply, with S&P futures dropping as much as 1% overnight on concerns that aggressive rate hikes from the Fed aimed at curbing stubbornly high inflation could plunge the US into recession and crash risk assets, US equity futures have recovered most of their losses after an overnight article from Bloomberg reported that the " Fed Doesn’t Yet Favor a Half-Point Hike or an Emergency Move " easing investor nerves that a massive hike is imminent. Contracts on the Nasdaq were also flat after earlier retreating as much as 1.2% as growth stocks are especially sensitive to rising rates and bond yields. Still, absent a powerful bounce today, the S&P 500 is set to snap a two-week winning streak. The benchmark S&P 500 has struggled to gain for three weeks in a row since November as the Fed signaled it was prepared to tighten monetary policy to rein in red-hot inflation, but strategists say a broader selloff across stock markets is unlikely.

In its quarterly production report, Vale (VALE) said its Q4 iron ore output fell 2.4% Y/Y and 7.8% Q/Q to 82.5M metric tons, below expectations for 85.6M mt, while production of iron…

In the latest trading session, VALE S.A. (VALE) closed at $17.51, marking a +0.46% move from the previous day.

Someone with a lot of money to spend has taken a bearish stance on Vale (NYSE: VALE ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with VALE, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 12 uncommon options trades for Vale. This isn''t normal. The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish. Out of all of the special options we uncovered, 2 are puts, for a total amount … Full story available on Benzinga.com