Rio Tinto dividend surprise masks aluminum hit
MELBOURNE (Reuters) – Global miner Rio Tinto hiked its dividend by a third and said it was confident about its long-term outlook despite reporting a drop in second-half profits and taking a $9 billion charge on its struggling aluminum business. Like rival BHP Billiton , which reported a similar 6 percent fall in first-half earnings on Wednesday, Rio was cautiously optimistic that a soft landing …
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Rio Tinto dividend surprise masks aluminum hit
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