Rio Tinto, leading international mining group, is facing a difficult time. The group’s aluminum subsidiary and by far the world’s 4th largest aluminum producer, previously known as Rio Tinto Aluminum, had suffered a write down ...
The downturn in the euro zone manufacturing sector deepened as business conditions deteriorated in all euro nations in March this year. Markit's Eurozone Manufacturing Purchasing Managers Index (PMI) was at 46.8 points in March, down from ...
Tags: economy
US stocks started the second quarter down, pressured by disappointing manufacturing data, after the Dow industrials and S&P500 capped off the first quarter with records. The Dow Jones Industrial Average declined 5.69 points, or less than ...
Tags: US Stocks, Stocks, stock index
When Hannover Messe 2013 opens its gates on 8 April, it will do so with more exhibitors and an unprecedented level of international participation. Over 50 percent of the companies represented at the fair are based outside Germany. This ...
THE Standard & Poor's 500-stock index has rallied to the second-highest close in its history, as investors shrugged off eurozone concerns. The S&P500 closed up 12.08 points, or 0.78 per cent, to 1563.77, just shy of its October 2007 peak ...
THE Australian sharemarket rose yesterday, with the financial sector accounting for much of the strength, after eurozone finance ministers approved a new agreement on Cyprus and the so-called troika of international lenders. The benchmark ...
Tags: economy
Mono Ethylene Glycol (MEG) is a commodity product and used as feedstock in polyester industries and PET bottle industry. As such, the market for MEG generally moves in line with the polyester industry, especially in China where the need ...
The benchmark S&P/ASX 200 closed up 0.2 per cent at 4967.3 points after hitting a six-week low of 4927.9. Financials and consumer staples lent support, with ANZ, Westpac, NAB, Woolworths and Wesfarmers up 0.8 per cent to 1.5 per cent. ...
Tags: economy
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 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
The dollar edged lower after investors reacted negatively to an international bailout package for Cyprus that raised concerns about fresh upheaval in the eurozone. The eurozone has taken the unprecedented step of proposing a new levy on ...
Tags: Dollar, eurozone, risk assets
The sharemarket suffered its biggest fall in more than three weeks yesterday and volatility soared as a controversial bank bailout plan in Cyprus threatened to reignite the European sovereign debt crisis. Cyprus proposed a tax on the ...
Tags: Investors, Cyprus Bank, economy
A Flare-up in Europe's debt crisis has sent the sharemarket to its second-largest sell-off in nine months as investors fret about a run on European banks. After a bull run for local stocks since June in a period of relative calm in ...
Tags: Europe's debt crisis, economy, Cyprus
External trade statistics are of central importance to economic policy. Among other things, its foreign trade contribution shows how a country is positioned compared to its trade partners. But how much do official statistics really tell us ...
IT spending remained broadly strong throughout a difficult end to 2012, as business confidence waned in the shadow of the "fiscal cliff," economic growth declined in much of Europe, and economies in Asia/Pacific struggled to cope with ...
Tags: Electrical, Electronics, IT