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Top News In Archishma Iyer Today - Breaking & Trending Today

Rio Tinto posts 11% drop in annual profit

Rio Tinto reported
an 11.1% drop in full-year underlying earnings on Wednesday, as
lower contributions from its aluminium business amid weaker
prices countered production gains at the iron ore and. ....

Himanshi Akhand , Subhranshu Sahu , Archishma Iyer , Rio Tinto ,

National Australia Bank optimistic on economy outlook, posts drop in earnings

National Australia Bank said on Wednesday it
remains optimistic on the outlook for the Australian economy, even as it posted
a 3% drop in first-quarter cash profit compared with the quarterly average. ....

Pooja Desai , Archishma Iyer , Matthew Lewis , Echha Jain , National Australia Bank , Australia Bank , Bengaluru Editing ,

Rio Tinto meets annual profit expectations, sees higher costs in 2024

MELBOURNE (Reuters) -Rio Tinto reported a 12% fall in annual underlying earnings on Wednesday, in line with forecasts, but paid a better-than-expected final dividend as it said inflation pressures were starting to recede. Rio said its underlying earnings came in at $11.8 billion for 2023, down from $13.4 billion a year earlier, mostly due to lower prices for aluminium and its minerals division. Rio declared a final dividend of 258.0 cents per share, up from 225.0 cents per share in 2022 and ahead of the LSEG estimate of 247.0 cents per share. ....

Western Australia , Archishma Iyer , Himanshi Akhand , Subhranshu Sahu , Rio Tinto , Inflation Pressures , Production Costs , Iron Ore , Inflation Pressure ,

Australia's Fortescue first-half profit rises 41%

Australia s Fortescue Ltd on Thursday posted
a 41% jump in its half-year profit, supported by strong iron ore shipments and
higher realized prices for the steel-making raw material.
. ....

Shailesh Kuber , Roushni Nair , Archishma Iyer , Australia Fortescue Ltd On , Fortescue Ltd ,

National Australia Bank's quarterly cash profit falls 3% compared to second-half quarter average

National Australia Bank reported a 3% drop in its first-quarter cash profit on Wednesday as compared to the quarterly average of the second-half of 2023, hurt by higher cost pressures. . ....

Pooja Desai , Echha Jain , Archishma Iyer , National Australia Bank , Australia Bank ,