The Australian sharemarket pulled back in late trading but still closed slightly higher, with investors unfazed by Julia Gillard announcing that the next federal election would be on September 14. At 4.15pm AEDT, the benchmark S&P/ASX 200 ...
Tags: Australian sharemarket, currency, economy
The sharemarket rose for a 10th consecutive day, extending its longest winning streak since October 2003, as an improving global economic outlook continued to fuel demand for equities before the conclusion of a US Federal Reserve board ...
The Australian sharemarket has closed higher, with investors encouraged by the recent strength of global markets. At 4.15pm AEDT, the benchmark S&P/ASX 200 index had risen 53.8 points, or 1.11 per cent, to 4889.0 points - its highest ...
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 Australian dollar's moves yesterday reflected the differing pressures on the currency as a major international bank, HSBC, yesterday expressed concern about its long-term strength. The dollar broke through the $US1.05 level in trading ...
Tags: HSBC, dollar, international bank, Australian dollar
Market watchers predict the local sharemarket will forge further ahead this year after surging almost 15 per cent last year, the result of a second-half recovery that defied concerns about sovereign debt in Europe and the US and a Chinese ...
Tags: shares, 2013, non resource sectors, sharemarket
For a country with one of the largest reserves of natural resources in the world,the transformational potential of India's resources sector is immense.The sector has the potential to add USD 1 trillion to the Indian economy that can ...
Tags: economy, natural resource, greenfield exploration, poverty, India
The Government of the Islamic Republic of Afghanistan, through the Ministry of Mines of Afghanistan, after the decision by the Inter Ministerial Commission announced that on December 10 2012, the preferred bidder was selected to undertake ...
Tags: Afghanistan, Mines, preferred bidder, mineral tenders, Copper-gold
According to The Australian Financial Review, ports and rails group Asciano Ltd is offering a bright spot for the outlook of the resources sector, with Mr John Mullen CEO of the company's as saying that the fact that Asciano transported ...
Tags: resources sector, container volumes, coal
LOCAL shares rose for the third straight day today, hitting a fresh 17-month high as investors sought defensive and higher-yielding stocks as concern grew over the fate of US negotiations on the so-called fiscal cliff. The benchmark ...
THE Australian dollar was steady in Asian trading yesterday as minutes from the Reserve Bank's meeting earlier this month indicated the December interest rate cut was a closer call than had been thought,possibly delaying further easing next ...
Tags: Australian dollar, RBA, Rate cut
Despite a tough time for the global resources sector over the past 12 months due to plunging commodities prices and ailing Chinese demand, Australia's iron ore exports are believed to have risen by 10% YoY in 2012 with more substantial ...
Tags: global resources, plunging commodities prices, ailing Chinese demand
The latest Manpower Employment Outlook Survey results show hiring sentiment for the start of 2013 will remain cautious, with Australian employers reporting a Net Employment Outlook of +8%, unchanged quarter-over-quarter and six ...
Tags: Outlook Survey, hiring sentiment, remain cautious, slowdown
China is said to be considering a move to cut tax for iron ore mining companies in a bid to reduce input costs for the nation's steel industry. The country's Ministry of Industry and Information Technology is reportedly working with the ...
Tags: iron ore, tax cut, China, mining companies