Investors ignored positive offshore leads yesterday as political uncertainty grew following the dramatic events in Canberra throughout the afternoon. The benchmark S&P/ASX 200 closed down 0.2 per cent at 4959.4 points, reversing an early ...
Tags: benchmark, Canberra Chaos, Reverse
INVESTORS traded through the political leadership drama in Canberra yesterday with an eye firmly on the federal election in September, encouraged that almost three years of minority government that has contributed to uncertainty on policy ...
In the last few months, UK prices for imported softwood lumber have risen by up to £20/m3 for exchange-rate reasons. The strength of the British pound against the relevant currencies has decreased considerably since March 2012. The ...
Tags: Softwood Lumber, Construction, Decoration
THE Australian dollar has closed higher, climbing back above 104 US cents as the turmoil in Cyprus prompted fresh buying of the local currency. Westpac chief currency strategist Robert Rennie said the Australian dollar represented ...
Tags: Australian Dollar, economy
The Australian Bureau of Resources and Energy Economics (BREE) has revised its estimations for Australian nickel production in 2012-13. According to the latest estimates, world refined nickel production increased to around 1.7 million mt in ...
Tags: Metallurgy, Mineral, Energy, nickel
The world’s premier vehicle test track, and long-time racing icon, the Nurburgring in Germany, is up for sale. Following on from financial difficulties last year related to the racetrack’s two private investors and the ...
Tags: vehicle, vehicle test, car
Oil futures settled higher Wednesday, partially rebounding from Tuesday's sharp selloff on uncertainty in Cyprus, after weekly inventory data from the US Energy Information Administration proved to be unexpectedly bullish. NYMEX April ...
Tags: Oil, Chemicals, Metallurgy
The Australian Manufacturing Workers Union (AMWU) has called on Australian governments to show more support for the nation's manufacturing sector. The union claims governments are now buying fewer locally-made cars at a time when they ...
Tags: manufacturing, manufacturing sector, Manufacturing Workers
A STEADY-AS-SHE-GOES statement from the US central bank and easing fears about Cyprus has had little impact on the Australian dollar. At 7am AEDT, the local unit was trading $US1.0379, level with where it ended the local session ...
LABOR veteran Simon Crean's dramatic decision to call for a leadership spill pushed the Australian dollar down in the immediate aftermath of his announcement. The currency was trading at $1.0373 at 5pm AEDT, down from $US1.0391 at 1pm ...
Tags: LABOR Turmoil, economy, Dollar
A million-dollar puzzle relating to prime numbers could be tackled using only a mid-sized quantum computer. There is a race to find ever bigger primes, but no way to predict when the next one will pop up. One option is to measure their ...
Last week, the Rupp Report wrote about the initiative against rip-off artists, as it is called in Switzerland, or against Fats Cats, as called misleadingly in some other countries (See " The Rupp Report: Is Enough Now Enough?" ...
The dollar has largely held its ground against a global wave of negativity stemming from Cyprus' rejection of a bank deposit levy. At 5pm AEDT, the currency was trading at $US1.0379, down slightly from $US1.038 yesterday. CMC markets ...
Tags: Dollar, Australian dollar, currency
According to the Quarterly Resources and Energy report released by the Australian Bureau of Resources and Energy Economics (BREE) on March 20, Australia's iron ore exports in 2013 are forecast to increase by 12 percent year on year to 554 ...
Tags: Iron Ore Export, Iron Ore, Iron, Ore
Australian miners Rio Tinto and Xstrata will cut 100 jobs each in their coal divisions, with Xstrata planning to consolidate its New South Wales and Queensland coal divisions, while closing its Brisbane office, according to media reports. ...