James Kong

421-450 (out of 427)

World Market Summary

U.S. stocks fell Thursday, with Bank of America, General Electric and Intel among the decliners, as disappointing data on the U.S. housing and job markets sparked concerns over the pace of the economic recovery.

Market looking for floor as Europe weighs

Wall Street managed to struggle into positive territory early this morning – hardly anything convincing. We also saw commodities take a significant backward step. Oil and gold both retreated, while base metals saw declines not seen in over 12 months.

Macarthur worries over Peadody's move on mining tax

In the aftermath of the federal government's proposal for a mining tax on super profits released on Sunday, US miner Peabody Energy will review the impact of the new tax as it costs up to $US 3.8 billion or $A4.1 billion offer for Macarthur Coal

Lihir submits to Newcrest deal

Australian-based Newcrest Mining and rival Lihir Gold finally agreed on a partnership which values Lihir at $9.5 billion.

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