The sharemarket completed its biggest weekly drop in a year as a cocktail of global and domestic concerns drove the nation's benchmark index down all but once in the past five days. The S&P/ASX 200 index slumped 3.8 per cent this week as ...
Australian shares have suffered another sharp fall, losing $26 billion more in value to close down 3.8 per cent for the week, the biggest weekly fall in a year. At 4.15pm AEST, the benchmark S&P/ASX200 index was down 78.9 points, or 1.56 ...
RATTLED investors are on high alert after the stockmarket suffered its worst week in a year and the Australian dollar slid to a 12-month low on fresh concerns about the slowing pace of global economic growth. Capping a wild week for ...
Tags: Sharemarket, Horror Week, Alert
The sharemarket suffered its sharpest one-day fall for two months yesterday after the US Federal Reserve said it could reduce its economic stimulus measures and China's manufacturing showed signs of contraction. "In the next few meetings ...
After a torrid trading week that saw more than $30 billion wiped off local stocks and the Australian dollar slide further, investors will be hoping for some economic cheer from China this week to offset further confirmation that Australia's ...
The Australian dollar remains under pressure as banks slash forecasts and traders increasingly spruik shorting the currency. After a host of investment banks yesterday lowered their predictions for the dollar, HSBC today cut its year-end ...
Tags: Australian, Dollar, Service
From January to April, the industrial profits of enterprises above designated size achieved 1,610.69 billion yuan, an increase of 11.4 percent over the same period last year, and down by 0.7 percentage point over the first three months. In ...
Tags: Industrial Profits, China
Australian miner Sundance Resources has announced that it is back in talks with investors regarding the development of its Mbalam-Nabeba iron ore project in Cameroon, following the decision to end takeover discussions with China-based ...
Finland-based steelmaker Ruukki has announced that it has expanded its Raex wear-resistant special steel range to include the thicker wear-resistant steels needed, for example, in the mining industry. According to Ruukki, the new thicker ...
Tags: Ruukki, Wear-Resistant Steel
In April this year, China's aggregate metallurgical coke and ferroalloy outputs were up 4.9 percent and 12.2 percent year on year, as announced by China's National Development and Reform Commission (NDRC). Meanwhile, the country exported ...
Tags: Finished Steel, China
In the first quarter this year, Italy's steel exports to non-European Union (EU) countries totaled 1.13 million metric tons, down by 19.2 percent, while its steel imports from non-EU sources totaled 2.053 million metric tons, up 53.3 ...
Tags: Italy, Flat Steel
Seven Seas Water Corporation has named Claudio Baldovino as president, South America. Claudio Baldovino joins Seven Seas Water as president, South America and a member of the Company’s Executive Committee. He comes to Seven Seas ...
Bob Fassl has decided to resign from his position as President of the Atlas Copco Mining and Rock Excavation Technique business area per July 31. “Bob has made significant contributions to the development and successful growth of ...
Tags: Bob Fassl, Atlas Copco
Indian government may have been trying hard to acquire a ‘Global Diamond Trading Hub’ status for its diamond industry on one hand but on the other hand if some figures are to be believed, it may be on verge of surrendering its ...
The local sharemarket fell in cautious trade yesterday before US Federal Reserve chairman Ben Bernanke's testimony to US congress and the release overnight of the minutes of this month's Fed board meeting. The benchmark S&P/ASX 200 closed ...
Tags: Sharemarket, Bernanke, US Congress