Denmark s FLSmidth has joined its Nordic peers Sandvik and Atlas Copco in announcing weak results as the global mining slowdown continues to impact equipment suppliers and engineering firms. FLSmidth on Friday reported a 40% drop in ...
Tags: economy, Construction
Miner and trader Glencore Xstrata (GLEN.L) reported copper production increased by a fifth in the first six months of 2013, driven by the ramp-up of mines replacing depleted operations and a stronger performance in Congo. Glencore, which ...
Tags: Copper Output, Glencore
Several smartphone launches are imminent, including next Tuesday's Verizon Wireless event in New York City to unveil what the carrier's calling "the next generation of one of their most popular family of devices." Other smartphones ...
Tags: Computer Products, phone, smartphone
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 ...
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
According to the Government of British Columbia, there will be an estimated one million job openings in the province over the next decade, with opportunities in liquefied natural gas, mining and mineral exploration, and shipbuilding. Of ...
Tags: economy
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
IDG News Service - In yet another mobile acquisition, Yahoo has acquired Qwiki, a New York City company that makes an app for turning photos and videos into short, edited movies. The Qwiki app takes pictures and videos that people already ...
Tags: Moviemaking APP, Qwiki, mobile acquisition
According to the statistics provided by Brazil's National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase), in May this year Brazil's iron ore exports amounted to 23.3 million metric tons, falling by 27.2 percent ...
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
Japan's Tokyo Electric Power Company is expected to settle its July 2013-June 2014 term contract to buy thermal coal from Australian miners at a floating price linked to the globalCOAL Newcastle index, a Japanese utility source said Monday. ...
Tags: Electric Power, Tepco
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
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
Facebook is phasing out its Credits virtual payment system and will be transitioning all games integrated into the social network to a new local payments API by Sept. 12, the company announced Wednesday. The migration is part of a larger ...