On Friday, Shares of Vale S.A. (NYSE:VALE), gained 0.18% to $5.43, leading the Ibovespa as rebounding Chinese markets and government intervention in China assisted curb losses, Bloomberg reports.
This comes as Vale, the world’s largest producer of the steel-making ingredient iron ore, saw iron ore prices reach their lowest levels in a decade.
“The rebound in iron ore certainly brings some relief to Vale investors, benefiting the whole market,” Guide Investimentos SA analyst Luis Gustavo Pereira stated. “The mood is much more positive, and some stocks look very attractive.”
Vale S.A., together with its auxiliaries, engages in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally.
Shares of The AES Corporation (NYSE:AES), inclined 0.69% to $13.10, during its last trading session.
The AES Corporation, will host a conference call on Monday, August 10, 2015 at 9:00 a.m. Eastern Daylight Time (EDT) to review its second quarter 2015 financial results.
The call will comprise prepared remarks and a question and answer session. It will be open to the media and the public in a listen-only mode by telephone and webcast. Interested parties may listen to the teleconference by dialing 1-877-201-0168 at least ten minutes before the start of the call.
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
