Australia's sharemarket roared back to life with its biggest rise in the past eight months as investors snapped up bargains after a three-day decline. The benchmark S&P/ASX 200 closed up 1.8 per cent at 5120.2 after hitting a seven-day ...
Tags: stocks, sharemarket, benchmark
The sharemarket closed down more than 1 per cent after better-than-expected jobs data lowered the chance of another interest rate cut. At the close today, the benchmark S&P/ASX200 index was down 60.2 points, or 1.18 per cent, at 5032.2 ...
Tags: sharemarket, Stocks, benchmark
The sharemarket fell sharply yesterday as iron ore prices declined and strong jobs news cooled hopes of interest rate cuts. Employment jumped by 71,500 places last month, the Australian Bureau of Statistics said. Economists had expected a ...
Tags: sharemarket, iron ore prices, iron ore
Brazilian iron ore mining company MMX announced Thursday that it will no longer pursue a Chilean mining project near Copiapo in northern Chile. Instead, MMX will focus on Brazilian iron ore projects. MMX had already made significant ...
Tags: iron ore mining project, iron ore mining, iron ore, mining
Mexican industrial production rose 1.1 percent in January 2013 based on figures adjusted for growth in its four components, implying a rebound after falling 2.8 percent in December. Month-on-month growth totaled 3.7 percent in the ...
Tags: industrial production, industrial, mining
Eastern US coal producer Consol Energy has halted production at its Blacksville No. 2 underground mine on the border between Pennsylvania and West Virginia border until it determines the source of smoke detected near a shaft on the ...
Tags: coal producer, coal, mine
Australian mining giant Rio Tinto remains committed to its $10 billion Simandou iron ore projects located in Guinea, West Africa, despite the slowdown in progress regarding development of the project, according to media reports. The ...
Tags: iron ore project, iron ore, mining
Mongolia-based Chinese miner Mongolian Mining Corporation (MMC) has announced its financial results for 2012. In 2012, MMC registered a net loss of $2.5 million, compared to a net profit of $119 million in the previous year, due to the ...
Tags: Mining Corp, coal prices, coking coal
The Australian Competition and Consumer Commission (ACCC) has announced that it has granted authorization to Queensland coal producers Endocoal, Whitehaven Coal, Yancoal Australia, QC Resource Investments and Linc Energy to collectively ...
The sharemarket closed lower today, dragged down by the four big banks. At the close of trade, the benchmark S&P/ASX200 index was down 25.5 points, or 0.5 per cent, at 5092.4. The All Ordinaries index was down 24.2 points, or 0.47 per ...
Tags: sharemarket, four big banks, trade
The sharemarket fell yesterday as banks came under pressure when data showed home-loan approvals fell, and a strategy update from National Australia Bank failed to impress investors. The benchmark S&P/ASX 200 closed down 0.5 per cent at ...
Tags: sharemarket, data, home-loan approvals
The dollar was higher late today following strong economic data showing rising house prices in the fourth quarter of 2012 and solid gains in consumer sentiment in March. At 4.50pm AEDT, the Aussie fetched $US1.0313 compared with US$1.0282 ...
Tags: dollar, strong economic data, house prices
THE Australian dollar was higher in late Asian trading yesterday after strong economic data showing rising house prices in the fourth quarter of 2012 and solid gains in consumer sentiment in March. At 5pm AEDT it was buying $US1.0314, up ...
Tags: economy
Ukraine-based Azovstal, a subsidiary of Ukraine's largest vertically-integrated mining and steel group Metinvest, has stated that in March it plans to ship around 100,000-105,000 mt of plates, up 40-41 percent compared to February, and ...
Australia-based iron ore developer NSL Consolidated (NSL) has announced that it has signed a US$12.2 million joint venture agreement with India-based Vijay Group, according to which the parties will establish a strategic alliance that will ...
Tags: NSL Consolidated, joint venture agreement, Vijay Group