Australia-based Fortescue Metals Group has announced that it has increased the resource estimate for its Nyidinghu iron ore project located in the Chichester Hub in the Pilbara region of Western Australia to 2.46 billion mt, adding 450 ...
Tags: Iron Ore, Metallurgy, Mineral, Energy
The sharemarket weakened after an early rise, as resources companies declined on uncertainty about China's growth outlook and Goldman Sachs downgraded the resources sector from overweight to neutral. Further gains in high-yield and ...
Tags: sharemarket, Stock, defensive stocks
The sharemarket reversed an early rise as resources companies declined on uncertainty about China's growth outlook and Goldman Sachs downgraded the resources sector from overweight to neutral. High-yield and defensive sectors initially ...
Shares in Commonwealth Bank soared above $70 to a new record yesterday as the local stocks hit a 4 1/2-year high after encouraging US non-farm payrolls data suggested the world's biggest economy was recovering. Strength in defensive and ...
Tags: Shares, stocks, sharemarket
THE Australian sharemarket closed higher, boosted by mining stocks after the release of a bumper trade report in China. IG Markets analyst Stan Shamu said the local bourse narrowly missed posting a fresh four-year high, despite a late ...
The benchmark S&P/ASX 200 closed down 0.2 per cent at 5109.2 after hitting a 4 1/2-year high of 5135.7 in early trading. Share trading value worth $5.2 billion slipped just below the 20-day moving average of $5.3bn. Asian markets were ...
Tags: benchmark, economic data, finance
In February this year, manganese ore shipments from Australia's Port Hedland totaled 137,135 metric tons, decreasing 32.2 percent compared to January, and down 45.1 percent compared to the same month of 2012, according to the monthly data ...
Tags: Ore Exports, Port Hedland, Metallurgy
In Febuary of the current year, iron ore shipments from Australia's Port Hedland decreased by 9.9 percent compared to January and were up 1.65 percent year on year, totaling 20 million metric tons. According to the information released by ...
The sharemarket has shot up by more than 1.5 per cent at noon, with investors using yesterday's falls to lap up cheaper stocks. CMC Markets chief market analyst Ric Spooner describes it as a relief rally following Monday's decline. The ...
Tags: Stocks, sharemarket, ANZ
The local sharemarket retreated from a 4 1/2-year high yesterday before last-minute budget talks at the White House aimed at avoiding $US85 billion ($83bn) of automatic US spending cuts, the so-called sequester, which were due to take ...
Tags: sharemarket, Shares, benchmark
The Australian sharemarket retreated from a four-and-a-half year high before last-minute budget talks at the White House aimed at avoiding $US85 billion of automatic spending cuts, the so-called sequester, due to start taking effect today ...
Australian stocks were lower early today after below-view Chinese manufacturing data, while Japanese shares took pause at the end of a violent week of trading. Chinese manufacturing data was the main data point today, with the official ...
Tags: sharemarket, shares, US dollar
Thelocal sharemarket fell sharply yesterday as an indecisive national election in Italy raised the prospect of another sell-off in European bond markets that could rekindle the continent's debt crisis. Italy was headed for a political ...
Tags: debt crisis, economy
Australia's three major iron ore ports were shut down on Monday, February 25, as the tropical cyclone Rusty was closing in on the coast of Western Australia, according to media reports. With rough sea conditions forcing suspension of ship ...
Tags: iron ore ports, iron ore, iron, ore
The sharemarket recorded its biggest one-day fall for nine months after minutes from the US Federal Reserve's recent policy-setting meeting revealed unease about the bank's stimulus efforts. The benchmark S&P/ASX 200 closed down 2.3 per ...
Tags: Stocks, sharemarket, share