THE Australian share market has closed slightly lower as investors wait for an update on economic stimulus measures in the US from that country's top central banker. A strong production report from BHP Billiton boosted sentiment in the ...
Tags: share market, economy
Australia's government is to speed up the country's transition to a carbon emissions trading system by dropping its fixed-price carbon tax in 2014, a year earlier than planned, Australian treasurer Chris Bowen said over the weekend. From ...
AUSTRALIAN shares have closed slightly higher, boosted by gains from resource companies on the back of record production results from mining heavyweight Rio Tinto. Rio has announced it had increased iron ore production by six per cent to ...
Strength in the resources sector has pushed Australian shares higher, although the market lost some ground after China's finance minister lowered expectations for the country's economic growth. The S&P/ASX200 index passed 5000 points in ...
Tags: China Gloom, Miners
In June this year, manganese ore shipments from Australia's Port Hedland totaled 72,500 metric tons, decreasing significantly compared to the high level of 219,600 mt recorded in May, and down 48.8 percent compared to the same month of ...
Tags: Manganese Ore, Mineral
THE Australian stockmarket opened higher following gains on Wall Street and European bourses as Alcoa kicked of the US earnings season. The aluminium producer posted a sharp Q2 loss of $US119 million ($130.989 million) citing ...
Tags: Metallurgy, Mineral, Energy
In June of the current year, iron ore shipments from Australia's Port Hedland remained almost stable compared to May and were up 29 percent year on year, totaling 27.7 million metric tons. According to the information released by the Port ...
THE sharemarket recovered strongly from a six-month low,with the resources sector leading gains after the People's Bank of China vowed to prevent a credit crunch in Australia's biggest trading partner and the world's second-largest economy. ...
Tags: sharemarket, trading partner, BHP Billiton, Rio Tinto
China credit crunch fears sent the stockmarket tumbling almost 1.5 per cent lower, with investors fleeing materials as China called on its banks to control credit expansion risks and declared liquidity in its financial system was at "a ...
Tags: China, Investors, Banks, Financial System
Australian shares have gained ground as investors took a cautiously optimistic stance ahead of a keenly awaited update on economic stimulus measures in the US. The benchmark S&P/ASX200 index was up 47 points, or 0.98 per cent, at 4861.4. ...
Tags: Stocks, US Fed Meeting
Australian shares have fallen as investors nervously wait for an update on economic stimulus measures in the US. The benchmark S&P/ASX200 index was down 11.5 points, or 0.24 per cent, at 4814.4. The broader All Ordinaries index was down ...
Tags: Australian Shares, Investors
Renewed demand for banking stocks has driven the overall Australian sharemarket higher. The benchmark S&P/ASX200 index was up 34.1 points, or 0.71 per cent, at 4825.9. The broader All Ordinaries index was up 29.5 points, or 0.62 per ...
Tags: Banking Stocks, Sharemarket
The Australian share market has closed strongly, posting its biggest gain in a single day so far this year. Strong overnight gains in US stocks after positive retail and jobless data and reports suggesting stimulus measures there were not ...
Tags: Stock Market
The sharemarket closed more than 1 per cent lower as weak GDP figures prompted investors to dump banking stocks. At the close today, the benchmark S&P/ASX200 index was down 65.6 points, or 1.34 per cent, at 4835.2. The broader All ...
BP has become the second oil and gas major in a day to announce it would have a new chief for its Australian operations, following fast on the heels of a similar announcement by ExxonMobil. Andy Holmes has been appointed president of BP ...
Tags: Exxonmobil, Chemicals