AUSTRALIAN shares have opened slightly higher, buoyed by resource stocks . IG Markets Stan Shamu said resource stocks were benefiting from a rise in commodity prices following disappointing US employment data, which had pushed the US ...
Neville Power, CEO of Australia's third-largest iron ore producer Fortescue Metals Group, stated at the 2013 Boao Forum that the company is studying the feasibility of an initial public offering in Shanghai or Hong Kong for Hong Kong-based ...
Tags: Fortescue Mulls, JV Project, Baosteel
Neville Power, CEO of Australia's third-largest iron ore producer Fortescue Metals Group, stated at the 2013 Boao Forum that the company is studying the feasibility of an initial public offering in Shanghai or Hong Kong for Hong Kong-based ...
Tags: Fortescue Mulls, JV Project, Baosteel
The S&P/ASX200 has fallen 0.3 per cent to 4899.6 after hitting a fresh two-month low of 4893.8 in mixed trading before tonight's US jobs data. Materials and industrials stocks have recovered at the expense of defensive and high-yield ...
Tags: Local Stocks, Service, economy
The 30 percent Minerals Resources Rent Tax (MRRT) in Australia requiring mining companies to pay tax when their annual profits reach $75 million, a measure designed so as not to burden small businesses, raised only A$126 million in the ...
Tags: Australia, Mining Tax, Metallurgy
AUSTRALIA'S former ambassador to China, Geoff Raby, yesterday called for Sydney to push to become a trading centre for the Chinese yuan so the currency is available for tourist transactions as it is in Hong Kong. Mr Raby, who is now a ...
Tags: economy
China's crude steel output is expected to reach 746 million mt in 2013, up 30 million mt year on year, according to a report issued by China's National Development and Reform Commission (NDRC). Meanwhile, China's iron ore demand is ...
Tags: Crude Steel, iron ore, Metallurgy, Mineral, Energy
Australian stocks have opened firmer, with a recovery among the big miners leading the broader market higher. At 10.49am AEDT, the benchmark S&P/ASX200 index was up 11.7 points, or 0.24 per cent, at 4961.6 points. The broader All ...
Investors ignored positive offshore leads yesterday as political uncertainty grew following the dramatic events in Canberra throughout the afternoon. The benchmark S&P/ASX 200 closed down 0.2 per cent at 4959.4 points, reversing an early ...
Tags: benchmark, Canberra Chaos, Reverse
The prospects for Australia's biggest commodities export continue to worsen in the eyes of forecasters, with the federal government's forecaster wiping $66 billion from expected iron ore export revenue out to 2016-17 and leading global ...
Tags: iron ore export revenue, sharemarket, share
The sharemarket is trading lower, led down by the big miners on concerns over iron ore prices. At 12.07pm AEDT, the benchmark S&P/ASX200 index was down 38.1 points, or 0.76 per cent, at 4949.3 points. The broader All Ordinaries index ...
Tags: sharemarket, benchmark, Ordinaries index
Australian stocks have tumbled for a third straight day, led by hefty falls from the major miners in response to a bleak outlook for iron ore prices. At 4.15pm AEDT, the benchmark S&P/ASX200 index was down 20.1 points, or 0.4 per cent, at ...
Tags: Australian stocks, benchmark, Stock
According to the Quarterly Resources and Energy report released by the Australian Bureau of Resources and Energy Economics (BREE) on March 20, Australia's iron ore exports in 2013 are forecast to increase by 12 percent year on year to 554 ...
Tags: Iron Ore Export, Iron Ore, Iron, Ore
The stockmarket has fallen by almost 1.5 per cent due to concerns about a bailout of Cyprus and falls on Wall Street. A European Union bailout of Cyprus had scared investors and led to a negative opening on the Australian market, IG ...
Tags: stockmarket, Australian market, euros
The sharemarket roared back to life today with its biggest rise in the past eight months as investors snapped up bargains after a three-day decline. The benchmark S&P/ASX200 closed up 1.8 per cent at 5120.2 after hitting a seven-day low ...
Tags: Stocks, sharemarket, benchmark