Rio Tinto Raises Iron Ore Production
Despite the sharp fall in global iron ore prices, mining giant, Rio Tinto (RIO) kept its Western Australian iron ore production and selling machine operating at full bore in the six months to June 30.
Read MoreDespite the sharp fall in global iron ore prices, mining giant, Rio Tinto (RIO) kept its Western Australian iron ore production and selling machine operating at full bore in the six months to June 30.
Read MoreOz Minerals (OZL) yesterday revealed plans to boost copper production over the full year and lift waste removal operations – which saw the shares rise 18c to a day’s high of $4.49, before they turned lower and closed down 0.2% at $4.30. They had been as low as $4.215 during the early afternoon.
Read MoreWe had better than expected news from two mid level miners in Whitehaven Coal (WHC) and Oz Minerals (OZL) in their June quarter production reports released yesterday to the ASX.
Read MoreWhat are the odds that could Australia avoid an El Nino weather pattern and the associated very dry conditions, event later this year? Falling fast, according to the latest update from the Bureau of Meteorology (BOM).
Read MoreThe interim report into the Australian financial system, released yesterday, is heading down the route of recommending a significant tightening, not relaxing, of laws over superannuation advice, fees and other key rules.
Read MoreNufarm (NUF) shares sank 2.8% to $4.53 yesterday after credit rating agency Moody’s cut the company’s rating.
Read MoreThe Aussie market came under pressure within 30 minutes of the start of trade today, then thanks to a late surge, local shares higher for the second time this week. The All Ordinaries Index closed up 0.16% or 8.8pts higher; closing above 5,500 points for first time in a week.
Read MoreBy the close on Wednesday the S&P/ASX200 gained 7.6 points or +0.14% on volume of $3.1 billion, closing at 5518.9.
Read MoreThe All Ords is now only up 6 points as money come out of the banks and gold stocks.
Read MoreHere’s a trend or two that will become common to many listed investment companies (LICs) this reporting season, especially those in the old JBWere stable in Melbourne.
Read MoreOut of the blue, Singapore, which is one of Asia’s most successful economies yesterday reported a sharp slowdown in economic growth after GDP dipped into the red in the three months to June 30, thanks to a surprise slide in the island state’s large manufacturing sector.
Read MoreAnalysts had quick answers after it happened, but no one saw the surprise 2.3% fall in gold prices when it happened overnight.
Read MoreThe interim report of the Financial Inquiry headed by former Commonwealth Bank chief, David Murray, has given the Australian financial system a big tick, with no significant changes suggested for the structure and nature of the system, but one theme comes in for special and extensive comment and calls for more advice – the three interlinked areas of superannuation, retirement incomes policies and financial advice.
Read MoreDavid Jones (DJS) shareholders and South Africa’s Woolworths Ltd will have to wait until Thursday and a case in the Federal Court (not NSW Supreme Court) before the $2.15 billion takeover offer can be completed.
Read MoreThe Australian market struggled to hold on to early gains as the banks and mining stocks came under heavy selling.
Read MoreBy the close on Tuesday the ASX200 finished flat on volume of $3 billion, closing at 5511.3.
Read MoreJuliana Roadley provides a mid-session financial market update.
Read MoreAnother big week ahead for Australia, with key economic data from China, the Reserve Bank minutes, and the interim report of the inquiry into the financial system chaired by former Commonwealth Bank boss David Murray.
Read MoreBarring some last minute intervention by Solomon Lew, David Jones (DJS), the country’s oldest department store, will become foreign-owned later this morning.
Read MoreSo where to for sharemarkets this week after their retreat last week which was triggered by problems at Portugal’s biggest bank?
Read MoreIf you had any doubts about whether financial markets are bubbling, or starting to overheat, then three separate events in the past week might cause you to think again.
Read MoreThe Australian market closed the first day of the trading week on a high, with the All Ordinaries opened up 16pts higher at the beginning of the session and by the close the markets had added 21.2pts and the ASX 200 up 24.6pts to 5,511.4pts.
Read MoreBy the close on Monday the ASX200 added 24.6 points or +0.45% on volume of $2.3 billion, closing at 5511.4.
Read MoreIn his speech to open the Griffith University Personal Finance and Superannuation school last month, one of Australia’s leading experts on the superannuation system Professor Michael E. Drew continued his decade-long campaign to shift our thinking about how we invest from focusing on promises to looking at reliable outcomes.
Read MoreSteven Daghlian provides a mid-session financial market update. Most sectors higher at lunch.
Read MoreOn Monday we pointed to emerging market concerns about banking problems in Portugal, as well as separate worries in Eastern Europe, which had hurt one of Austria’s largest banks.
Read MoreChina’s imports of key commodities, such as oil, copper and iron ore fell for a second month in June thanks to unfavourable prices, economic uncertainties and tighter credit.
Read MoreThere was something for everyone in the June jobs data – from the bears to the optimists – the figures contained the seeds of just about every point of view about the health of the economy.
Read MoreChinese trade data for June was better than May’s performance, according to numbers out yesterday, but the country is looking as though it will fall short of official targets for the full year.
Read MoreNo wonder CSR is upbeat on the outlook for the property and home construction sectors – the rebound engineered by the record low interest rates from the Reserve Bank have stimulated demand for the company’s key products, enabling it to emerge well placed from the weak trading conditions of the two to three previous years.
Read MoreSteven Daghlian provides an afternoon financial market update. The ASX 200 closes higher at the end of day.
Read MoreFriday saw the ASX200 gained 22.4 points or +0.41% on volume of $2 billion, closing at 5486.8.
Read MorePoseidon Nickel is an emerging nickel producer that’s pursuing redevelopment of the historic Mt Windarra nickel project in Western Australia. The company represents one of the few new emerging sulphide producers in the world.
Read MoreJuliana Roadley provides a mid-session financial market update. The aussie dollar still strong back above 94 US cents.
Read MoreScentre Group (SCG), the former Westfield Retail Trust, has raised more than $3 billion in a European debt deal in one of the largest debt raisings of its kind by an Australian company.
Read MoreGood news for New Zealand and the country’s conservative government in the run up to the national elections later this year – Fitch yesterday upgraded the country’s credit rating to AA positive, which means there’s a slight chance of a further upgrade within the next couple of years.
Read MoreOf all China’s myriad of economic concerns (according to western analysts), the country doesn’t have an inflation problem – but could it be facing a looming deflation problem?
Read MoreAfter a solid night in US Aussie market lifted from the open of trade and by the close ended higher. The All Ordinaries Index added 12.1 points to 5454.3 points with most sectors closing higher.
Read MoreBy the close on Thursday the benchmark S&P/ASX200 index had added 11.9 points, or 0.22 per cent, higher at 5,464.4.
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