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Top related persons:
Bansari Mayur - 1 Sherry Jacob - 1 Phillips - 1
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REUTERS - 1 Staff - 1 Technology - 1 Rio Tinto - 1 Energy Resources of Australia - 1 Thomson - 1

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☆ European shares slide as firmer yields, China woes weigh
  + stars: | 2023-09-26 | by ( ) www.reuters.com   time to read: +1 min
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 25, 2023. REUTERS/Staff/file photo Acquire Licensing RightsSummaryCompanies STOXX 600 down 0.7%Sept 26 (Reuters) - European shares extended losses on Tuesday as elevated bond yields pressured the rate-sensitive technology sector, while weakness in China-exposed stocks persisted on slowdown jitters in the world's second-largest economy. The pan-European STOXX 600 (.STOXX) shed 0.7% by 0710 GMT, as the benchmark 10-year Bund yield hit its highest level since 2011. Technology stocks (.SX8P), whose valuations come under pressure as yields rise, slid nearly 2% to lead sectoral losses. China-exposed luxury stocks such as LVMH (LVMH.PA) and Richemont (CFR.S) weakened 1.5% and 2.5%, respectively, amid lingering concerns over the crisis-hit Chinese property sector.
Persons: Bansari Mayur, Sherry Jacob, Phillips Organizations: REUTERS, Staff, Technology, Rio Tinto, Energy Resources of Australia, Thomson Locations: Frankfurt, Germany, China, Northern Territory, Bengaluru
☆ Rio Tinto to spend $216.5 mln to fund Ranger uranium mine rehab costs
  + stars: | 2023-04-04 | by ( Industry Insight | Reuters Professional | With Agrivoltaics | ) www.reuters.com   time to read: +2 min
Rio Tinto, the majority shareholder in ERA which owns and operates the Ranger mine site, has been under pressure to fund the cleanup costs. Rehabilitation costs are estimated at A$1.6 billion to A$2.2 billion, ERA said in a statement. ERA shares declined 9.8% to A$0.185, their lowest since June 2022, while the benchmark index (.AXJO) was marginally higher. ERA will also use the proceeds to partly repay a A$100 million loan from Rio Tinto. (This story has been corrected to state that Rio Tinto is majority shareholder of the mine's owner and operator, not the mine's operator, in paragraph 2, and to state that the target of the protests was the mine and the Jabiluka project, not Rio Tinto, in paragraph 7)Reporting by Harish Sridharan in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.
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