Cost cutting is tipped to continue to be the focus of Australian companies when they release earnings results next month with investors looking for a more disciplined approach to growth plans after recent job losses and writedowns. ...
The Australian sharemarket closed half a percentage point higher as investors chased higher-yielding financial stocks. At the close today, the benchmark S&P/ASX 200 index was 25.0 points, or 0.52 per cent higher at 4835.2, while the ...
Tags: Stocks, sharemarket, financial stocks
The sharemarket climbed again yesterday, closing the week on a high on good news from home and abroad and supported by investors seeking stocks with high dividend yields. The benchmark S&P/ASX 200 closed up 0.5 per cent at 4835.2 points, ...
Tags: stocks, sharemarket, financial stocks
The Australian sharemarket closed at a 20-month peak as high-yield stocks made strong gains. At the close today, the benchmark S&P/ASX 200 index was up 22.4 points, or 0.47 per cent at 4810.2, while the broader All Ordinaries index gained ...
Port Hedland in the iron ore-rich Pilbara region in Western Australia was shut down on January 22, due to tropical cyclone Peta which is expected to make landfall on Wednesday, January 23, slowing down iron ore shipments to the Far East. ...
Tags: Iron ore ports, Iron ore, Iron ore industry
In the week ended January 21, coal shipments from the Port of Newcastle in Queensland, the coal producing state of Australia, totaled 2.8 million mt, according to Newcastle Port Corporation. The figure constitutes a decrease of 10.2 percent ...
Tags: Coal exports, Coal, coal producing state
Queensland-based mining companies including coal producers are expecting to shed nearly 500 jobs from their operations in the Australian state in the next 12 months, and this is on top of a net loss of 3,370 jobs in the mining industry in ...
The big news this week is the sale of famed jewellery and watch brand, Harry Winston, to the Swatch Group for $750 million plus their assumption of up to $250 million of pro forma net debt. Several analysts and industry observers see this ...
Tags: jewellery, watch, Harry Winston, diamond
The sharemarket closed little changed yesterday, despite news from Japan that Australia's second-biggest trading partner was taking steps to spur growth in its long-stalled economy. The benchmark S&P/ASX 200 index closed up 1.6 points, or ...
Tags: Stocks, sharemarket, inflation target
Australia-based miner Rio Tinto has announced that it will register an impairment charge of $3 billion in its financial results for 2012 due to underperformance of its Mozambican coal business and an additional $10 billion write-down from ...
Tags: coal business, coal assets, coal
The sharemarket rose yesterday after US housing data suggested economic growth in the world's biggest economy was likely to continue, and above-consensus GDP data from China showed that an economic recovery in Australia's biggest trading ...
Tags: stocks, sharemarket, economic
The Australian sharemarket rose after US housing data suggested economic growth in the world's biggest economy was likely to continue, and above-consensus GDP data from China showed that an economic recovery in Australia's biggest trading ...
Tags: Shares, economic growth, sharemarket
The Australian sharemarket rose to a 20-month high today as investors continued to buy banks, consumer staples, property trusts, healthcare and energy companies, while remaining hesitant on iron ore producers after spot iron ore prices ...
Tags: Stocks, Australian sharemarket, sharemarket
The Australian sharemarket had its strongest day in almost two weeks yesterday, outstripping minor gains on Wall Street as strength in healthcare stocks, banks, telecommunications and consumer discretionary companies offset a drop among ...
Tags: Australia, sharemarket, Wall Street
The Australian sharemarket closed half a per cent higher, buoyed by the big banks and a major restructure by Boral, one of the nation's biggest manufacturers. At the close today, the benchmark S&P/ASX 200 index was 21.8 points, or 0.46 ...
Tags: Stocks, Australian sharemarket, share price