Australian Business News - Commodities, Markets, Legal, Technology, Mining, Energy and Small Business
Friday 6th February 2015By Alexander Liddington-Cox FlexiGroup chief executive Tarek Robbiati has shrugged off missing out on GE Capital’s $7. 5 billion consumer loans business, saying a sale to private equity would benefit the local industry. “The next 18 months...
Rio shares, which fell 15 per cent last year, traded 1. 2 per cent lower at $60 at 1:03 pm in Sydney. "I reconfirm our view on an attractive long-term demand for iron ore,...
By Anita Savage An overnight rally in the price of oil sparked a rise in energy shares; Santos rose almost 2 per cent while Origin put on 3. 5 per cent. The Australian share...
By Dow Jones Newswires with Michael Roddan BHP Billiton added 3. 43 per cent to $30. 615, while rival Rio Tinto gained 1. 86 per cent to $58. 54. ANZ lifted 1. 74 per cent to $33. 95, while Commonwealth Bank surged 0. 99 per cent to $90....
By Anita Savage Woolworths rose more than 1 per cent while Wesfarmers also put on about 1 per cent. Telstra was up 0. 5 of a per cent to $6. 53 a share while...
By Daniel Palmer At the end of the latest offshore session, benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at $US62. 70 a tonne, down 0. 2...
The company is still mining bauxite near the town, which employs a couple of hundred people, but it was the refinery that employed the vast majority of people in Nhulunbuy. The last of the...
The gains offset significant resources and energy losses, in the wake of falling iron ore and other commodity prices. Santos lost 3. 1 per cent, Oil Search fell 3. 4 per cent and Woodside...
By Michael Roddan & AAP The ECB‘s anticipated decision to buy €60 billion ($85bn) worth of private and public sector bonds a month, between this March and September 2016, helped the local share market climb by...
Apart from the pureplay iron ore miners, the resource sector posted strong gains. Among the big miners, BHP closed up 2. 85 per cent to $28. 85 and Rio Tinto lifted 2. 56 per...
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