According to the Quarterly Resources and Energy report released by the Australian Bureau of Resources and Energy Economics (BREE) on March 20, Australia's iron ore exports in 2013 are forecast to increase by 12 percent year on year to 554 ...
Tags: Iron Ore Export, Iron Ore, Iron, Ore
The sharemarket continued its fall yesterday, dropping back below 5000 points even though European and US markets brushed off concerns that plans for a deposit tax in Cyprus could reignite the European debt crisis. The benchmark S&P/ASX ...
Tags: sharemarket, Stocks, European Debt
Crude futures settled higher Thursday, with the ICE April Brent contract bouncing off Wednesday's 2013 lows to expire 90 cents higher at $109.42/barrel. The May contract settled up 72 cents at $108.96/b. NYMEX April crude closed US ...
Tags: Crude futures, crude, crude industry
An afterglow effect from Australia's stellar jobs numbers helped support the dollar in quiet trade today, although traders cautioned that further significant gains for the currency are unlikely in the near term. "Today the Australian ...
Statistics released by Beijing painted a picture of rising inflation and slowing domestic growth, prompting worries that China's demand for Australian exports would weaken. At 4.47pm AEDT, the Aussie fetched $US1.0224 compared with ...
Tags: Aussie, US, Australian dollar
Weaker than expected Chinese economic data released over the weekend weighed on the Australian dollar in Asian trade yesterday. Statistics released by Beijing painted a picture of rising inflation and slowing domestic growth, prompting ...
Tags: Dollar, Australian dollar, US Dollar
The Australian dollar weakened after better-than-expected US jobs data boosted the greenback against most major currencies. At 6.30am AEDT the currency was trading at 102.09 US cents, down from 102.43 cents at Friday’s local close. ...
Tags: Australian Dollar, US Jobs Data
This week’s sale saw prices rising slightly on the back of a weaker rand and the Cape Wools Merino indicator gained 1.3% on last week to close the day at R112.13/kg (clean). The rand has weakened over the last few days, falling to ...
Tags: prices, Cape Wools Merino indicator, SA Wool
Blue chips continued to climb to new heights, pushing beyond the record levels reached in yesterday's rally after a better-than-expected reading on the labour market. The Dow Jones Industrial Average climbed 42.47 points, or 0.3 per cent, ...
Tags: stock index, Stocks, Blue chips
The federal government's commodity forecaster expects the Australian dollar to remain strong in the short term, averaging $US1.04 in 2013-14. The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) says the ...
Tags: dollar, Australian dollar, currency
In the last session of the SteelOrbis Spring 2013 Conference & 68th IREPAS Meeting held on March 3-5 in Doha, suppliers and producers of long steel products and billet, as well as traders and raw material suppliers shared the conclusions ...
Tags: rebar, wire, raw material
The local sharemarket retreated from a 4 1/2-year high yesterday before last-minute budget talks at the White House aimed at avoiding $US85 billion ($83bn) of automatic US spending cuts, the so-called sequester, which were due to take ...
Tags: sharemarket, Shares, benchmark
The Australian sharemarket retreated from a four-and-a-half year high before last-minute budget talks at the White House aimed at avoiding $US85 billion of automatic spending cuts, the so-called sequester, due to start taking effect today ...
Australian stocks were lower early today after below-view Chinese manufacturing data, while Japanese shares took pause at the end of a violent week of trading. Chinese manufacturing data was the main data point today, with the official ...
Tags: sharemarket, shares, US dollar
The Australian dollar was lower late today as the US dollar strengthened broadly in the wake of more solid economic data from the world's largest economy. Initial claims for US jobless benefits last week dropped to 344,000, compared with ...
Tags: Aussie dollar, Australian dollar, US cents