While US policymakers, legislators and others are focused on whether the fundamentals of US gas market would change significantly if large volumes of LNG are exported, there are emerging questions about the federal government's ability to ...
Tags: LNG Exports, Chemicals
A rise in commodity prices has helped push the Australian dollar back above the $US1.03 level. At 5pm AEST, the local unit was trading at $US1.031, up from $US1.0246 on Wednesday. CMC Markets foreign exchange dealer Tim Waterer said the ...
The stockmarket has opened slightly higher, boosted by stronger mining stocks on the back of improved prices for commodities. At 10.31am AEST the benchmark S&P/ASX200 index was up 17.6 points, or 0.34 per cent, at 5120.0 points. The ...
US chocolate manufacturer Hershey has reported that its net earnings increased by 21.77% to $241.91m for the first quarter of 2013, compared with $198.65m for the same quarter in 2012. The company attributed the increase in net earnings ...
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
The dollar was down more than half a cent against the greenback because of continued fears of weakness in world commodity prices and ahead of local inflation data that might clear space for an interest rate cut next month. News last ...
Tags: Dollar, Metals Stay Weak
SHARES climbed yesterday following a rally in Japanese stocks and as some analysts saw potential for the Reserve Bank to cut interest rates next month. The benchmark S&P/ASX 200 closed up 0.7 per cent at a two-day high of 4966.6. The ...
Tags: economy
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
The Australian dollar fell to a one-month low during overnight trading as bombings in Boston and disappointing Chinese economic growth weighed on market sentiment. At 7am AEST the local unit was trading at 103.15 US cents, down from ...
Tags: Australian Dollar, China GDP
The sharemarket has closed lower, led by sharp losses among the big miners. At 4.18pm AEST, the benchmark S&P/ASX200 index was down 80.2 points, or 1.6 per cent, at 4924.4 points. The broader All Ordinaries index was down 82.3 points, ...
Tags: Miners, BHP Billiton
The dramatic sell-off in resources stocks accelerated yesterday and the Australian dollar fell as investors focused on plunging gold and commodity prices and concerns about slowing growth in China. Goldminers again led the local ...
Tags: Markets Tumble, Resources Stocks
The sharemarket recovered some of its early losses but still closed lower today. At 4.15pm AEST today, the benchmark S&P/ASX200 index was down 17.1 points, or 0.34 per cent, at 4950.8 points. The broader All Ordinaries index was down ...
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
The Australian dollar fell sharply in Asian trading yesterday on news that economic growth in China, Australia's largest trading partner, was much slower than expected in the first quarter of this year. At 5pm AEST, the dollar was buying ...
Tags: Aussie Dollar, GDP growth
The sharemarket fell slightly yesterday as traders took profits in financial stocks and other defensives, while continuing to buy miners after China's benign March inflation data sparked an upturn in commodity prices. The benchmark ...
Tags: Stocks Dip, economy