The sharemarket partially reversed its big sell-off with a solid finish after the Reserve Bank's positive comments about the economy. The benchmark S&P/ASX 200 index closed up 38 points, or 0.76 per cent, at 5018.1 points today, while the ...
Australian miner Rio Tinto has sent a notification to its mining operations contractor South Africa-based Eqstra Holdings, confirming that it has declared force majeure on coal exports from its Benga mine in Tete province and that all the ...
Tags: mine, mining operations, mining
The sharemarket recorded its biggest one-day fall for nine months after minutes from the US Federal Reserve's recent policy-setting meeting revealed unease about the bank's stimulus efforts. The benchmark S&P/ASX 200 closed down 2.3 per ...
Tags: Stocks, sharemarket, share
Shares were on track for their biggest fall in three months after minutes from the Federal Reserve's most recent policy-setting meeting showed rising unease about the US central bank's recent stimulus efforts. Domestic earnings reports had ...
The sharemarket has closed at a fresh four-year high as gains by financial stocks offset falls by the big miners. At close today, the benchmark S&P/ASX 200 index had risen 16.8 points, or 0.33 per cent, to 5098.7 points, while the broader ...
Tags: sharemarket, financial stocks, big miners
Australia’s Fortescue Metals Group, the world’s No.4 iron ore producer ranks behind Rio Tinto, Vale and BHP Billiton, reported 40% profit fall in first-half. Iron ore price fell sharply and costs rose as it ramped up ...
Tags: iron ore producer, iron ore, Iron ore price
In the week ended February 18, coal shipments from the Port of Newcastle in Queensland, the coal producing state of Australia, totaled 1.8 million mt, according to Newcastle Port Corporation. The figure constitutes a decrease of 38.7 ...
Tags: Coal exports, Coal, coal producing
The sharemarket closed at its highest level in more than four years, with gains across the board. The benchmark S&P/ASX 200 index had risen 18.5 points, or 0.37 per cent, to 5081.9 points, while the broader All Ordinaries index had added ...
Tags: Stocks, sharemarket, benchmark
The sharemarket has closed at its highest point since September 2008, led by the major banks. At 4.15pm AEDT, the benchmark S&P/ASX 200 index had risen 29.5 points, or 0.59 per cent, to 5063.4 points, while the broader All Ordinaries ...
Tags: Stocks, sharemarket, Ordinaries index
But passing the half-way mark of this interim profit season, we now have proof that his real error was putting a super-profits tax on the wrong industry. While profits were sliding at Rio Tinto, OZ Minerals and Wesfarmers' coal division, ...
Tags: Stocks, investment, Australia
Weakness among the big miners was offset by gains in finance companies and defensive sectors. Despite the flat trade, Australian stocks have posted their fifth consecutive weekly gain. The benchmark S&P/ASX200 index closed down three ...
Market sentiment was aided by news that China's Citic Resources was taking a big stake in Alumina. The benchmark S&P/ASX 200 closed up 0.7 per cent at 5036.9. This year it is up 8.3 per cent after rising 15 per cent in 2012. Trading value ...
Tags: Citic Resources, Alumina, stock market
The benchmark S&P/ASX200 index rose 33.2 points, or 0.66 per cent, to 5,036.9 points, and the broader All Ordinaries index was up 32.7 points, or 0.65 per cent, at 5,057.2 points. On the ASX 24, the March share price index futures ...
Tags: Rio Tinto, annual net loss, finance market
Weaker investor sentiment sent the Australian dollar to its lowest levels since October in thin trading conditions because of the Lunar New Year celebrations in Asia. The sharemarket was flat, also in thin trading, as investors remained ...
Tags: Australian dollar, October, lowest levels
Australian iron ore giant Rio Tinto has announced its financial results for the full year of 2012, registering a net loss due to lower average prices for the year. Rio Tinto posted a net loss of US$3 billion in the given year, compared to ...