Australian markets got off to a roaring start to 2013 yesterday, with the avoidance of the January 1 US fiscal cliff of tax increases and spending cuts combining with rising iron ore prices to send the stockmarket on its biggest one-day ...
Tags: shares, 2013, US, fiscal cliff, stockmarket
The Australian dollar gained today after US lawmakers agreed on a range of measures designed to avert sweeping tax hikes and around $US110 billion in spending cuts, known as the fiscal cliff. After weeks of negotiations that had already ...
Tags: Australian Dollar, US, Fiscal Cliff, currency
The Australian dollar has hit a two week high after US politicians succeeded in passing legislation to avoid a potential economic crisis. At 07:00 AEDT, the local unit was trading at $US1.0490, up from $US1.0473 yesterday. In ...
Tags: Australian dollar, US Dollar, Yen, currency market
The sharemarket is set to enter the final trading day of the year on edge after worries that US politicians would not be able to avert the looming fiscal cliff sent US stocks on their biggest one-day fall in more than a month. Futures ...
Tags: sharemarket, US politicians, fiscal cliff, stocks
Global IT spending will total $3.7tn (pound 2.28tn) in 2013, a 4.2 per cent increase from 2012, according to analyst firm Gartner. In 2012, $3.6tn (pound 2.23tn) was spent on IT and this was set to rise in 2013 by only 3.8 per cent, ...
Tags: IT spending, 2013, Gartner, IT
The Australian sharemarket closed higher yesterday as US President Barack Obama cut short his Christmas holiday to return to Washington for talks aimed at avoiding the so-called fiscal cliff. Locally,investors remained optimistic that ...
Tags: Stock, sharemarket, tax, bank
Negotiations on electro-galvanized steel sheets for Asia have started for shipment of February next year. The Japanese mills seem to have mostly offered USD 30 increase. It is said that Korea's POSCO reduced its prices to USD 730 to 750 ...
Tags: electro galvanized steel sheets, electro galvanized steel, steel
The following have all combined to limit control of foreign minerals by US companies: In 2011, Resource nationalism became the number one risk for mining companies Nationalization Expropriation Increased taxation Constraints on the degree ...
Tags: Cobalt, Rare Earth, USA, Metallurgy
All dollar amounts stated below are in United States dollars. Third Quarter Ended March 31, 2012 Financial Highlights: The net loss for the third quarter ended March 31, 2012 totaled $5.3 million or $0.12 per share as compared to a net ...
Tags: Rare Element, financial results, net loss
Brazilian Ananda Metais , service center and sections fabricator , announced that the company was not positive to see the market demand improvement in 2013, especially for the currency exchange issue to lift of the US dollar and also due to ...
Tags: Brazilian Ananda Metais, steel products, currency exchange, market demand
The local sharemarket's stellar finish to the year threatens to be curtailed by faltering US political efforts to avoid the"fiscal cliff"of$US600 billion tax rises and spending cuts automatically coming into effect on January 1. Despite ...
Tags: equities, fiscal cliff, US economy, political efforts
THE Australian dollar's recent rally may be pausing at the moment,but that doesn't mean it has stopped. Reading between the lines of an interview with Reserve Bank of Australia governor Glenn Stevens this week,there might well be reason ...
Tags: Australian dollar, Aussie, RBA
The Federal Reserve announced overnight that it will continue monthly purchase of USD 40 billion mortgage backed securities buy additional USD 45 billion long term Treasury bonds and keep low interest rate unchanged until at least mid 2015 ...
Tags: aluminum, LME aluminum, LME aluminum inventories, aluminum prices
Business Line reported that Mundra Port has registered a 16.7% growth in containerized traffic handling for April to November on a YoY basis, bucking the gloomy trend in seen in all other key container handling ports such as the Jawaharlal ...
Tags: Port, containerized traffic, container handling ports, Non oil imports
NYMEX January crude futures settled 88 cents lower at $85.89/barrel Thursday, while the rest of the complex also declined on a weak equities performance and US dollar strength. January heating oil settled 2.31 cents lower at ...
Tags: NYMEX, crude futures, weak equities performance, heating oil