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
In April this year, manganese ore shipments from Australia's Port Hedland totaled 53,803 metric tons, decreasing 59.3 percent compared to March, and down 65.6 percent compared to the same month of 2012, according to the monthly data ...
Tags: Manganese Ore, Mineral
Local shares closed higher yesterday, even after paring a sharp rise early on in the session, as investors took profits ahead of an interest rate decision due from the Reserve Bank of Australia today. The stockmarket was buoyed by growing ...
Tags: Local shares, US Jobs Growth
In April of the current year, iron ore shipments from Australia's Port Hedland increased by 4.4 percent compared to March and were up 63.75 percent year on year, totaling 26 million metric tons. According to the information released by ...
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 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
A BRIGHTER end to what was a torrid week for mining stocks helped carry the sharemarket to a modest 0.2 per cent gain yesterday. After making a bold start, the benchmark S&P/ASX 200 index drifted lower throughout the trading session, only ...
Tags: economy
Australia's third-biggest iron ore producer Fortescue Metals Group Ltd (Fortescue) has announced its operating results for the first quarter of 2013. Fortescue said in its statement that its total iron ore shipments during the March ...
Tags: Fortescue, Improved Iron Ore
The sharemarket fell for a second consecutive day, with goldminers leading declines in cyclical sectors as the gold price rout continued in the wake of Monday's disappointing economic data from China, which added to recent concern about the ...
Tags: Goldminers, sharemarket
The sharemarket was hammered yesterday after Chinese economic data missed market expectations, adding to pressure from a slump in commodity prices that followed the release of disappointing US retail sales and consumer confidence data on ...
Tags: sharemarket, economy
In March this year, manganese ore shipments from Australia's Port Hedland totaled 132,250 metric tons, decreasing 3.6 percent compared to February, and up 26.85 percent compared to the same month of 2012, according to the monthly data ...
Tags: Manganese Ore Exports, Mineral
BHP Billiton, Rio Tinto and Woodside Petroleum jumped between 1.4 per cent and 3.5 per cent after commodities including copper, oil and iron ore rose between 0.6 per cent and 1.3 per cent early yesterday. Among iron ore pure plays, ...
Tags: economy