Rio Tinto Commits $3.4B More in Pilbara, Western Australia
Rio Tinto has committed a further US$3.4 billion to the major expansion of its Pilbara iron ore operations in Western Australia.
Australian Stock Market Leads - 02/08/2012
The positive leads from U.S. markets may not impact much on local stocks especially the currency-sensitive ones with the rate pause initiated by the Reserve Bank of Australia (RBA), analysts say.
Australia Construction Declines Further as New Orders Weaken
Further drops in activity and new orders saw the national construction industry spend another month in the red according to the latest Australian Industry Group Australian Performance of Construction Index (Australian PCI®), in conjunction with the Housing Industry Association. The seasonally adjusted index fell by 1.2 points to 39.8 in January, marking the 20th consecutive month that the sector has contracted (readings below 50 indicate a contraction in activity).
Australian Stock Market Leads - 02/07/2012
The Australian stock market is seen to hold firm, but gains are narrowed down by the grim prospects in Greece, that has yet to settle prevailing debt concerns.
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Global Markets Overview - 2 February 2012
FROM MORRISON SECURITIES PTY. LTDU.S. stocks rose broadly, moving to within striking distance of a multi-year high, as investors were bolstered by solid manufacturing reports around the world.
Cattle Export Ban to Indonesia Fails to Dampen AAco Revenue
The temporary ban on cattle export to Indonesia failed to dampen the growth of the Australian Agricultural Company (AAco) which even registered a 40 per cent improvement performance that led into a $10.5 million net profit.
Australian Stock Market Leads - 1 February 2012
Australia's stock market had not moved in pace with the rest of the Asia-Pacific markets on Tuesday and is seen to remain flat on Wednesday's trading, but some action will push media-related stocks led by Fairfax Ltd.
Global Markets Overview - 1 February 2012
The Dow was in line for a fourth straight decline after a weaker than expected reading on consumer confidence erased early gains prompted by agreements designed to address Europe's sovereign-debt issues.
Australian Stock Market Leads - 31 January 2012
Lacklustre trading is expected in Australian markets following the subdued overnight trading results in the U.S. and European markets still deeply embroiled in the debt crisis.
Australian Market Insights: New Highs (25 January 2012)
The Australian Stock Market has recorded early morning gains as of 10: 16 AM, the benchmark The benchmark S&P/ASX200 index is up 22.6 points, or 0.5 per cent, at 4309, while the broader All Ordinaries index is up 23.5 points, or 0.6 per cent, at 4247.7. Analysts are optimistic of the day's trading, sharing new leads and market insights.
Australian Meat Industry Forecasts 2.197 Million Tonnes Beef, Veal Production for 2012
Despite the problems with Indonesian beef importation, the meat industry of Australia is expected to enjoy a good year. For 2012, Meat and Livestock Australia (MLA) forecasts that beef and veal production would reach 2.197 million tonnes (carcass weight).
Global Markets Overview - 24 January 2012
From Morrison Securities Pty. Ltd.:
U.S. stocks edged lower, jeopardizing the Dow's four-session climb, as investors mulled the sustainability of this year's rally and watched Europe for developments connected to the region's ongoing debt issues.The Dow Jones Industrial Average fell 18.21 points, or 0.1%, to 12702 in afternoon trading.
Australian Stock Market - Afternoon - 20 January 2012
Australian shares ended Friday on a strong note for their third successive week higher. Easing concerns about Europe's debt and more upbeat earnings from Wall Street boosted local optimism. At the close on Friday, the benchmark S&P/ASX200 index was up 24.8 points, or 0.6 per cent, at 4,239.6, while the broader All Ordinaries index was up 24.4 points, or 0.6 per cent, at 4,303.
Australia's Lynas Rare Earths Facility Now Caught in Thorny Malaysian Politics
The final approval allowing Australia's Lynas Corp.'s rare earths facility to be fully operational is now caught in a thorny path of Malaysian national elections slated in March.
Australia Honey Bee Producers Fight Off Asian Competition
The Department of Agriculture, Fisheries and Forestry (DAFF) killed last week about 300 Asian honey bees found on a cargo ship in Townsville, which came from Port Moresby. The operation was made after DAFF biosecurity officers inspected shipping containers and the vessel which subsequently led to the extermination of the bees.
Australian Cattle Exporters Complain of Difficulty in Planning Due to Indonesia’s Import Permit Policy
Elders International, a major exporter of Australian beef, complained of difficulty in planning its foreign shipments because of the unclear import permit policy by Indonesia.
Weaner Steer Prices Hit $895 at Open of Annual Selling Season
Prices of weaner steers reached $895 and weaner heifers $870 on Wednesday at the opening of the Wodonga yearly weaner and grown steer sale. The prices of steers were at 305 cents per kilogramme and 256 cents for heifers due to the strong demand from northern and Victorian buyers.
Australian Business Services Sector (Property, Finance, Insurance) Rebounds in December
Growth of Australia's services sector has remained subdued in December with business services posting headwinds ahead of the consumer-related services offered by local firms in December, according to the latest survery conducted by the country's Australian Industry Group and the Commonwealth Bank.
Australia’s Food Security May be Jeopardised by Foreign Investments into Agri Firms
A report commissioned by the Australian government found that foreigners are heavily investing in the country's agricultural companies such as those into sugar, grain and beef production. South Australian Senator Nick Xenophon warned of the impact of control of such foreign capital into Australia's food security.
ACTU Criticises Australia’s Renewal of Trade Agreement With Fiji
The Australian Council of Trade Unions (ACTU) criticised the Australian government on Tuesday for renewing a textile, clothing and footwear scheme with the Fiji government. The scheme is part of a multilateral trade agreement, which ACTU President Ged Kearney insisted would not improve the lives of textile workers in Fiji who are paid low wages.
World’s Largest Gold Producer Fined in Death of Aussie Miner
The Perth Magistrates Court fined Barrick Gold on Thursday $140,000 for the death of miner Daniel Williams in August 2009. Mr Williams fell into an ore chute at the underground mine of Barrick's Kanowna Belle gold mine near Kalgoorlie.
Global Markets Overview - 21 December 2011
From Morrison Securities Pty. Ltd.
U.S. stocks rallied as domestic home building jumped to the highest level in nearly two years and another successful Spanish debt auction buoyed investor sentiment.
Global Markets Overview - 12/20/2011
U.S. stocks fell Monday after European Central Bank President Mario Draghi made cautious comments on the state of Europe's economy and as bank stocks sagged in expectation of tighter capital standards.
Canadian Eldorado Gold Offers $2.4 billion to Buy European Goldfields
Canadian gold and iron miner Eldorado Gold Corp. wants to buy European Goldfields Ltd. in cash and shares worth $2.4 billion, in an effort to add its gold reserves.
Caltex Australia Expects Profits Slide for 2011
Caltex Australia is expecting profits to slide in 2011 because of production disruptions and wild changes in the global supply and price of crude oil.
Global Markets Overview - 12/16/2011
From Morrison Securities Pty. Ltd.U.S. stocks gained after investors took heart from stronger U.S. economic data, but fell off session highs after the head of the International Monetary Fund stoked fears that Europe's sovereign-debt crisis is worsening.
Global Markets Overview - 12/13/2011
From Morrison Securities Pty Ltd.
A negative reaction to last week's European sovereign-debt summit by credit-ratings firms sent U.S. stocks sharply lower Monday, erasing all of the stock-market gains that followed the summit Friday.
Minmetals Zinc Ore Reserves Jump 103.9%
Minmetals Resources Limited (HKSE 1208) (ASX:MMR) has announced on Monday that its zinc ore reserves climbed up 103.9% due to the inclusion of the Dugald River ore exploration in estimates.
Australian Stock Market Report - Morning - 12/12/2011
Australian share markets are seen opening positively this week following the strong signals from the European stock markets. Analysts from CMC Markets, Commonwealth Securities, IG Markets, and OptionsXpress share their views as to what direction the local equity markets will go on this first trading day.
Global Markets Overview - 12/12/2011
U.S. stocks wrapped up a second straight week of gains as the euro zone's latest plan to fix its debt crisis overshadowed some disappointing forecasts from big U.S. companies. The Dow Jones Industrial Average advanced 187 points, or 1.6%, to 12184.26, undoing most of the previous day's sharp losses.
Global Markets Overview - 12/09/2011
From Morrison Securities:
U.S. stocks fell in afternoon trading as investor focus shifted from disappointment over the European Central Bank to the closely watched summit on Europe's sovereign-debt crisis. The Dow Jones Industrial Average lost 171 points, or 1.4%, to 12026 in recent action. The Standard & Poor's 500-stock index shed 23 points, or 1.8%, to 1238 and the Nasdaq Composite lost 42 points, or 1.6%, to 2607.
NSW Veggie Farm to Tap CSG as Energy Source for New Production Facility
The Maria's Farm Vegetables in New South Wales will use coal seam gas (CSG) to power a $65-million glasshouse it would build near Fullerton Cover.
Australia's November Construction Index Improves, Rises 4.9%
The Australian Industry Group Australian Performance of Construction Index was 4.9 points stronger in November at 39.6, although it was still well below the 50 point level separating expansion from contraction. November marked the 18th straight month the national construction industry index has been in the red.
Aussies Have Sweet Tooth
Many Australians have a sweet tooth and indulge in consuming lollies, toffees, éclairs and caramels. A study by Roy Morgan Research released on Tuesday found that 39 per cent or 7.2 million Aussies aged 14 and above ate sweets in the last four weeks.
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