Australian stocks are weaker at noon, hitting an eight-week low following a sharp drop in business investment. The benchmark S&P/ASX200 index dropped to its lowest point since April 5 after official figures showed a 4.7 per cent ...
Tags: Stocks, Investment
The sharemarket was flat in mixed trading today, with resources companies down on the back of concern about China's economy, and banks and telecommunications mostly up on account of their high dividend yields. Citi upgraded its year-end ...
The S&P/ASX200 has closed down 2 per cent at 5062.4, as slower Chinese manufacturing activity in May combined with signs that the US Federal Reserve could start rolling back its bond-buying program to send the local sharemarket to its ...
The sharemarket suffered its sharpest one-day fall for two months yesterday after the US Federal Reserve said it could reduce its economic stimulus measures and China's manufacturing showed signs of contraction. "In the next few meetings ...
The local sharemarket fell in cautious trade yesterday before US Federal Reserve chairman Ben Bernanke's testimony to US congress and the release overnight of the minutes of this month's Fed board meeting. The benchmark S&P/ASX 200 closed ...
Tags: Sharemarket, Bernanke, US Congress
The sharemarket has closed higher, led by investors picking up cheaper mining stocks after heavy selling in recent days. At the close today, the benchmark S&P/ASX200 index was up 15.1 points, or 0.29 per cent, at 5180.8. The broader All ...
The sharemarket rebounded yesterday after two days of losses, as the dollar tumbled again and government bond yields also fell. The benchmark S&P/ASX 200 closed up 0.3 per cent at 5180.8 after hitting an intraday high of 5194.9. However, ...
Tags: Stocks, Dollar, Bond Yields
The sharemarket rose for a third-consecutive session after the dollar weakened further overnight. Non-resources companies with US dollar income remained in demand, although commodity price falls restrained the resources sector. The ...
Tags: Stocks, Aussie Fall
The sharemarket rose for a third consecutive session yesterday after the Australian dollar weakened further in offshore trade. Non-resources companies with US-dollar income remained in demand, although commodity price falls restrained the ...
Tags: Bourse, Greenback Exposure
The sharemarket ended flat yesterday as companies with offshore earnings and high-yield stocks returned to favour, offsetting weak demand for resources. Investors' recent enthusiasm for resources was dampened by further declines in ...
In April 2013, due to the Chinese market supplement iron ore with lowest price, one of the world's largest iron ore export port - the Hedland export iron ore quantity is more than a 4% month-on-month in March. In April, Australia's ...
Tags: Iron Ore, Metallurgy, Mineral, Energy
The sharemarket consolidated yesterday as high-yield plays reacted negatively to reduced hopes of further interest rate cuts following the release of stronger-than-expected domestic jobs statistics. Meanwhile, profit-taking pushed ...
Tags: Rates Forecast, economy
The sharemarket surged to its highest closing level in almost five years yesterday, with the materials sector leading relatively broad-based gains after China reported stronger than expected trade data, Wall Street hit record highs and spot ...
Tags: Stocks, China Data
According to report, Australian miner Fortescue Metals Group Ltd opens new mine named Firetail at Solomon. It is another step to become one of Asia’s major supplier. The development of Firetail mine for the first stage costs US 3.2 ...
Tags: Fortesuce, Firetail Mine
Australian miner Fortescue Metals Group has announced that its Firetail iron ore mine, the first stage of the US$3.2 billion Solomon hub, has been officially opened, strengthening the company's position "as one of the world's leading ...
Tags: Fortescue, Iron Ore Mine