In April 2013, due to the Chinese market supplement iron ore with lowest price, one of the world's largest iron ore export port - the Hedland export iron ore quantity is more than a 4% month-on-month in March. In April, Australia's ...
Tags: Iron Ore, Metallurgy, Mineral, Energy
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
Rio Tinto chief executive Sam Walsh has said at the company's annual general meeting that in 2013 Rio Tinto will focus on four key areas; reducing costs and improving performance at all its operations, delivering approved growth projects, ...
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
The sharemarket has closed at its best level in almost five years, driven by record US market highs and positive Chinese trade data. The benchmark S&P/ASX200 index closed up 56.1 points, or 1.09 per cent, at 5199.8 points. The broader ...
Tags: CMC Markets, economy
Australian stocks recovered from a steep intraday fall to close only marginally lower yesterday, as the Reserve Bank cut interest rates to a record low. The benchmark S&P/ASX 200 closed down 12.5 points, or 0.2 per cent, at 5143.7, after ...
Tags: Stocks Lift, Australian stocks
The sharemarket closed lower but recovered some ground after the Reserve Bank cut the cash rate to a record low. At the close today, the benchmark S&P/ASX200 index was down 12.5 points, or 0.24 per cent, at 5143.7 points. The broader ...
Tags: Banks, Record Rate Cut
In the week ended May 6, coal shipments from the Port of Newcastle in Queensland, the coal producing state of Australia, totaled 3 million mt, according to Newcastle Port Corporation. The figure constitutes a decrease of one percent ...
Tags: Coal Exports, Newcastle Port
The sharemarket has opened more than1 per cent higher after strong US jobs numbers pushed American stocks to a record high and helped miners outperform the market. At 10.30am AEST the benchmark S&P/ASX200 index was up 54.5 points, or 1.06 ...
Tags: US Jobs Data, Service
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
A majority of the 13 Hunter Valley coal producers using Port Waratah Coal Services' export facilities at Newcastle in eastern Australia have volunteered to cut their contracted capacity for coal shipments for the rest of this year, PWCS ...
Tags: Coal Producers, PWCS Terminals
The sharemarket has closed 0.7 per cent lower, with concerns about global economic growth pulling down resources stocks. The benchmark S&P/ASX200 index was down 36.2 points, or 0.7 per cent, at 5130.0 points. The broader All Ordinaries ...
Tags: Resources Stocks, economy
Shares were punished yesterday as investors worried about resources stocks being hit by global economic concerns, and the dollar was also sharply lower on the increased likelihood of an imminent cut in the official cash rate. The ...
Tags: Aussie Dollar, economy
Ships bound for China loaded 2.09 million mt of coal from two terminals operated by Port Waratah Coal Services at Newcastle port in eastern Australia in April, up 10% from March, PWCS said Wednesday in an operations report. The April ...
Tags: Coal Exports, Newcastle PWCS
Local stocks rose 0.6 per cent today as investors piled into banks to take advantage of their dividend yields, and amid optimism that the country's biggest lenders would report rising profits this week and next. The benchmark S&P/ASX 200 ...
Tags: Local stocks, Stockmarket