A majority of the 13 Hunter Valley coal producers using Port Waratah Coal Services' export facilities at Newcastle in eastern Australia have volunteered to cut their contracted capacity for coal shipments for the rest of this year, PWCS ...
Tags: Coal Producers, PWCS Terminals
The sharemarket has closed 0.7 per cent lower, with concerns about global economic growth pulling down resources stocks. The benchmark S&P/ASX200 index was down 36.2 points, or 0.7 per cent, at 5130.0 points. The broader All Ordinaries ...
Tags: Resources Stocks, economy
Shares were punished yesterday as investors worried about resources stocks being hit by global economic concerns, and the dollar was also sharply lower on the increased likelihood of an imminent cut in the official cash rate. The ...
Tags: Aussie Dollar, economy
Local stocks rose 0.6 per cent today as investors piled into banks to take advantage of their dividend yields, and amid optimism that the country's biggest lenders would report rising profits this week and next. The benchmark S&P/ASX 200 ...
Tags: Local stocks, Stockmarket
The Australian market opened higher, led by gains for the four major banks ahead of their first-half numbers. At 10.20am AEST the benchmark S&P/ASX200 index was up 23.2 points, or 0.46 per cent, at 5120.7 points. The broader All ...
Tags: Australian market, earnings
The sharemarket rose 0.6 per cent yesterday as investors piled into banks to take advantage of their dividend yields, amid optimism the country's biggest lenders would report rising profits this week and next. The benchmark S&P/ASX 200 ...
Tags: sharemarket, Investors Banking
THE sharemarket drifted in patchy trade to close marginally lower yesterday, rounding out an otherwise positive week that was characterised by improving sentiment towards the resources sector. BHP Billiton rose 2.8 per cent and Rio Tinto ...
Tags: Bourse, Resources Recover
The sharemarket has closed slightly lower despite commodity stocks staging a comeback. The benchmark S&P/ASX200 index was down 4.9 points, or 0.1 per cent, at 5097.5 points. The broader All Ordinaries index was down 1.5 points, or 0.03 ...
Tags: Stocks, Commodity Comeback
The stockmarket has opened slightly higher, boosted by stronger mining stocks on the back of improved prices for commodities. At 10.31am AEST the benchmark S&P/ASX200 index was up 17.6 points, or 0.34 per cent, at 5120.0 points. The ...
QBE Insurance has tapped the US debt market for $US600 million to help buy back convertible securities next month, within days of being downgraded by credit ratings agency Moody's. Highlighting the strength of international debt markets, ...
Tags: QBE Insurance, US debt market
The sharemarket notched up its biggest gain for five weeks yesterday as the banks led broad-based gains thanks to lower-than-expected domestic inflation data and stronger offshore markets. The consumer price index rose 0.4 per cent in the ...
Tags: Renewed, Interest Rate
The sharemarket has closed higher, boosted by a 10 per cent rise in the shares of Woodside Petroleum, which announced a $520 million return to shareholders. The benchmark S&P/ASX200 index was up 49.6 points, or 1 per cent, at 5016.2 ...
Tags: Energy Stocks, Service
Hong Kong-based conglomerate CITIC Pacific has announced that it is delaying completion of its $8 billion Sino Iron project in Western Australia until late May because of engineering problems, the latest in a series of setbacks to plague ...
Tags: CITIC Pacific, Sino Iron Project
SHARES climbed yesterday following a rally in Japanese stocks and as some analysts saw potential for the Reserve Bank to cut interest rates next month. The benchmark S&P/ASX 200 closed up 0.7 per cent at a two-day high of 4966.6. The ...
Tags: economy
THE Australian market has opened higher, with gains in all sectors but retail. RBS Morgans private client adviser Bill Bishop said the market was off to a promising start considering it had only received modest overseas leads. "Here, we ...
Tags: economy