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 ...
Australian stocks finished lower as investors sold off mining stocks due to weaker commodity prices. The benchmark S&P/ASX200 index was 38.3 points, or 0.78 per cent, lower at 4888.3 points, while the broader All Ordinaries index was 40.3 ...
Tags: Commodity Price, Rio Tinto, BHP Billiton
The worst month on the stockmarket in a year has taken the wind out of investors, with confidence retreating from highs earlier this year amid increasing concern about the global economy and the endgame for stimulus from central banks. ...
Tags: Stockmarket, May
Australian stocks have closed flat, with a strong day from the major miners offset by weakness among the banks. The local market took its cues from a positive finish on Wall Street, opening up about 0.3 per cent, but slid into the close ...
Tags: Bank, Sharemarket
Denim fabric was introduced in the market as workwear, initially meant for miners, and gradually jeans have become a fashion statement. With the increasing popularity of denim products, the denim manufacturers are planning to give new look ...
Tags: Denim fabric, Apparel
THE S&P/ASX200 has turned down 0.1 per cent to 4966.6, paring a 0.4 per cent rise that followed overseas gains on stronger US economic data. The reversal comes as investors react to higher US bond yields, a falling Australian dollar, and ...
According to the statistics provided by Brazil's National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase), in April this year Brazil's iron ore exports amounted to 19.18 million metric tons, rising by 1.2 percent ...
Australian shares have suffered another sharp fall, losing $26 billion more in value to close down 3.8 per cent for the week, the biggest weekly fall in a year. At 4.15pm AEST, the benchmark S&P/ASX200 index was down 78.9 points, or 1.56 ...
Manuel Araoz, a 23-year-old developer in Argentina, has an idea for Bitcoin that doesn't focus on money. Araoz, who works in game development, launched a service this week called Proof of Existence. It's essentially a notary public ...
Tags: Bitcoin Network, Computer Products, Ultrasecure Notary Service
China's proposed ban on imports of low calorific value thermal coal will have a serious impact on Indonesian sub-bituminous coal prices, industry sources said Thursday. Platts, quoting well-informed sources, reported this week that ...
Tags: Low CV Coal, Indonesian Prices
The local sharemarket fell in cautious trade yesterday before US Federal Reserve chairman Ben Bernanke's testimony to US congress and the release overnight of the minutes of this month's Fed board meeting. The benchmark S&P/ASX 200 closed ...
Tags: Sharemarket, Bernanke, US Congress
Yahoo has confirmed widespread reports that it will acquire the popular blogging service Tumblr, and also promised not to "screw it up." The deal is worth about US$1.1 billion, nearly all in cash, and is expected to close in the second half ...
Tags: Computer Products, Yahoo, Tumblr
Participants in the biggest Asian coal conference in Bali, Indonesia, in the first week of June will be eying whether China will continue to remain relatively passive in importing thermal coal, industry sources said Monday. Participants ...
Tags: thermal coal, Coaltrans Asia
Mining is a robust industry that plays a key role in a nation's economy. Large multi-national companies dominate the industry but small enterprises and individual entrepreneurs are also keen on taking a slice of the market pie. Small or ...
The sharemarket has closed higher, led by investors picking up cheaper mining stocks after heavy selling in recent days. At the close today, the benchmark S&P/ASX200 index was up 15.1 points, or 0.29 per cent, at 5180.8. The broader All ...