Gold mining giant Newcrest Mining Ltd (ASX: NCM) announced on Friday that Lihir Gold Ltd’s investors would find their share consideration being scaled back as an overwhelming demand of shares ensued following the blockbuster $10.5 billion deal that saw the merger of the two companies.
China, Australia's biggest trade partner and a major buyer of its commodities, reported a surprising jump in August imports, showing a strengthening of domestic demand in an economy that has become a major driver of global growth.
The Australian stock market was slightly stronger at Friday noon, with gains in banking stocks offsetting losses in the resource sector.
Greenland-focused Greenland Minerals and Energy Ltd (ASX: GGG) revealed on Friday that it has obtained license modifications from its host country’s exploration site that would allow the cultivation of radioactive elements on the company’s Kvanefjeld project.
Soft drinks giant Coca-Cola Amatil Ltd (ASX: CCL) flatly denied on Thursday that it is set to join the fray in bidding for the wine division of Foster’s Group Ltd following the brewer’s turning down of a takeover proposal earlier this week.
Following a government report of more than sufficient surplus, crude oil prices came tumbling down on Thursday as the US petroleum inventory reached 1.14 billion barrels as of last week according to the US Energy Department.
A higher closing at the U.S. stock market due to encouraging falls in jobless claims was favorable for Australian shares.
US equities continue its rally from yesterday and further pushed gold futures away from the radar of investors seeking to shelter some funds for transit but solid investment as the Standard & Poor’s 500 index achieved its highest level in a month’s time on Thursday’s closing.
The Australian bourse posted strong gains on Thursday, buoyed by better-than-expected employment figures.
The International Air Services Commission (IASC) ruled on Thursday that Qantas Airways Ltd could retain its code-sharing agreements with South African Airways for another 12 months on service routes between Australia and South Africa.
The Australian share market was off to a strong start today on the back of positive lead from Wall Street overnight. Investors seem to welcome the easing of concerns that pulled the European markets down early on the week.
The Australian share market was nearly 1 per cent stronger by Thursday noon as finance stocks climbed and a jobs report boosted investor confidence.
Natural gas producer Santos Ltd revealed on Thursday that it is set to sell 15 percent of its $7.7 billion Gladstone liquefied natural gas (GLNG) project to Total SA for $650 million, giving the giant French company more stakes on the joint venture.
The US Department of Transport (DOT) has disapproved on Wednesday the proposed Virgin Blue Holdings Ltd and Delta Air Lines partnership on trans-Pacific service routes, stating that the riding public would be disadvantaged by the carriers’ immunity from US anti-trust regulations.
Following three days of retreat, crude oil soared back by up to 1.8 percent as the dollar and equities picked up some gains and further pushed the lingering allure of commodities to investors as the other pot for securing their money.
With continental equities in the US and Europe surging back in recovering losses registered in the previous day, demand for gold futures slid back a bit on Wednesday as investors picked up some confidence on concerns about European sovereign finances.
European and U.S. markets closed higher during overnight's trading, thereby, raising hopes for a strong trading in the Australian share market today.
The US Federal Reserve Beige Book - a summary of conditions across Federal Reserve districts - reported ´´widespread signs´´ of a slowdown in economic activity.
The Aussie dollar held firm in Asia yesterday despite a negative lead from offshore markets during the previous sessions trading between 0.9100 and 0.9130 for the majority of the day.
The Australian currency recuperated on Wednesday as it attracted steady demand below 91 US cents, helping it withstand losses in Asian stocks.
The Australian stockmarket closed in negative territory on Wednesday, with financials and miners dragging down the market.
The Australian currency was lower at Wednesday noon after poor offshore trading overnight carried over into the local session.
The Australian stock market was weaker at Wednesday noon, following a slide on Wall Street, but wine manufacturer Foster's Group Limited (ASX: FGL) was soaring on takeover news.
Perth-based mining firm Mirabela Nickel Ltd (ASX: MBN) said on Wednesday that it is set to raise about $US152 million or $A167.08 million to fund its debt repayment dues and growth plans, with some allocations for the company’s operational expenditures.
Australia's quarterly energy and mineral resource export earnings climbed 41 per cent to the second-highest, according to government data released today.
Crude oil saw its prices declining again for two straight days on Tuesday as global markets were rubbed in by the jittery European economic conditions with the Euro losing out to the mighty dollar as investors continue to shun the continent on worries of further debt crisis-related financial issues.
The Australian Dollar has opened slightly lower this morning and is trading just above USD 0.9100.
As markets in Asia, Europe and the United States saw their stocks plunging in quick successions on Tuesday, investors again rallied to the proverbial safe asset and pushed up gold futures, climbing by as much as $US1259.30 per ounce at closing.
The US conference board employment trends index fell from 97.4 to 96.7 in August. The index is still up 9.4pct on a year ago.
Financial stocks including American Express, J.P. Morgan Chase and Bank of America led U.S. stocks lower Tuesday as the market cooled off from last week's rally while worries over the health of European banks recirculated
