MARKETS

Equinox Minerals Ltd., the Australian copper producer has turned in some $71.2 million profits in the third quarter as production at its Lumwana mine in Zambia increased.

Christine Gaylican Nov 08, 2010

The latest KPMG Fraud and Misconduct Survey has revealed Australian and NZ finance companies are more vulnerable to lending fraud and bogus insurance claims for the last two years.

Christine Gaylican Nov 08, 2010

Australian coal hauler and transporter QR National Ltd. has received keen interest from foreign investment managers for its $5 billion dollar initial public offering (IPO) before its formal offering on November 22

Christine Gaylican Nov 08, 2010

Australian stocks are flat in early trade, but significantly managing to hold on to six month highs reached during Friday's trade.

Sharon Olalia Nov 08, 2010

The AUD remains very firm this morning after touching another post float high of 1.0175 on Friday night, as the US non-farm payrolls in October rose 151k, as compared to predictions of 60k.

Sharon Olalia Nov 08, 2010

U.S. stocks rose slightly Friday, extending their climb to fresh two year highs as investors were encouraged by a report of stronger than expected job growth for October.

Sharon Olalia Nov 08, 2010

The Australian Dollar reached highs near 1.0180 on Friday however almost a cent was wiped from the currency pair as the recent risk rally lost steam during Friday's European session.

Sharon Olalia Nov 08, 2010

US payrolls rose by 151,000 in October, well ahead of expectations for jobs growth of 60,000.

Sharon Olalia Nov 08, 2010

After receiving a very positive lead from Wall Street overnight, our market maintained its early rally to close 1.1pct or 55.4pts stronger to 4872.9.

Sharon Olalia Nov 05, 2010

The Australian share market climbed over one per cent to a seven month high as investors snapped up resources stocks amid higher metals prices and a greater appetite for riskier assets.

Sharon Olalia Nov 05, 2010

The Australian sharemarket is rallying strongly today, completely wiping out yesterday's slight falls.

Sharon Olalia Nov 05, 2010

Foreign banking institutions in Australia are eager to take advantage of a more competitive environment in the country's financial sector that the Federal government is considering to implement.

Christine Gaylican Nov 05, 2010

The AUD has opened higher this morning, touching a fresh post float high early.

Sharon Olalia Nov 05, 2010

U.S. stocks rallied to their highest level since their September 2008 plunge during the bankruptcy of Lehman Brothers as investors applauded the Federal Reserve's latest effort to stimulate the struggling economy.

Sharon Olalia Nov 05, 2010

The Australian Dollar managed to hang onto its gains above parity yesterday despite softer-than-expected retail sales data. Australian retail sales rose just 0.3 per cent in September reducing expectations as to the pace of rate hikes in 2011.

Sharon Olalia Nov 05, 2010

US jobless claims rose by a larger than expected 20,000 to a seasonally adjusted 457,000 in the last week.

Sharon Olalia Nov 05, 2010

A Qantas A380 plane has been forced to fly back to Singapore's Changi Airport after pilots found one of its engines malfunctioning and were forced to shut down.

Christine Gaylican Nov 05, 2010

The Australian share market closed at its highest level since late April as traders reacted positively to the potential blocking of BHP Billiton's $40 billion Canadian fertiliser bid.

Sharon Olalia Nov 04, 2010

Australian stocks ended at a fresh six month closing high today, as the US stimulus package boosted investor sentiment around the region. Qantas (QAN) shares were also in focus after one of the airline's A380 planes suffered a mid-air emergency before landing safely in Singapore.

Sharon Olalia Nov 04, 2010

The weak US dollar will continue to fuel the higher prices of commodities considered as the next safest forms of investment.

Christine Gaylican Nov 04, 2010

The Australian share market has soared to a six month high in early trade, following a strong lead from Wall Street which led to the Australian dollar breaching parity against the greenback.

Sharon Olalia Nov 04, 2010

US dollar selling is once again the name of the game following the overnight announcement from the US Federal Reserve of their intentions to pump more money into the US economy.

Sharon Olalia Nov 04, 2010

U.S. stocks bounced in and out of positive territory but are now rising, while the dollar and the 10 year Treasury plunged, after the Federal Reserve said it would buy $600 billion in longer-term securities by the middle of next year as part of its latest effort to prime the domestic economy.

Sharon Olalia Nov 04, 2010

The long-awaited and much-discussed stimulus measures in the US have been announced which has sent the Australian Dollar soaring above par with the greenback to 1.0045 at time of writing.

Sharon Olalia Nov 04, 2010

The US Federal Reserve has unveiled greater purchases of securities in order to inject fresh stimulus into the economy: ´´The Committee will maintain its existing policy of reinvesting principal payments from its securities holdings.

Sharon Olalia Nov 04, 2010

The Australian dollar has hit again the high note against the US currency as a result of the U.S. Federal Reserve's decision to pour more money into the American economy in the coming months.

Christine Gaylican Nov 04, 2010

The Australian share market hit a six month high to close stronger on Wednesday as investors remained optimistic about economic data from offshore due overnight.

Sharon Olalia Nov 03, 2010

The local share market was well supported today, ahead of an expected injection of stimulus by the US Federal Reserve.

Sharon Olalia Nov 03, 2010

Mining firm Xstrata Plc has increased its offer price for iron ore developer Perth-based Sphere Minerals Ltd (SPH.AU) to $3 a share and declared the offer best and estimated at $514 million.

Christine Gaylican Nov 03, 2010