Signs look positive for Aussie shares

Thursday, January 6th, 2011

Signs are positive overall for the Australian market on Thursday, with mixed to strong leads from offshore trading overnight.On the ASX 24 at 0624 AEDT, the March share price index futures contract was 19 points higher at 4733. View full post on Market news | ninemsn Money

Stocks end flat on first day of trade

Wednesday, January 5th, 2011

The Australian share market closed flat on its first day of trade for 2011 as the materials sector continued to lead the index early in the new year.The benchmark S&P/ASX200 index fell 2.7 points, or 0.06 per cent, to 4,742.5 points, while the broader All Ordinaries index rose 2.6 points, ...

Aussie market gets positive offshore leads

Tuesday, January 4th, 2011

The Australian market is receiving strong, positive leads from offshore trading, with both equities and commodities markets more buoyant overnight.In economics news, data on Tuesday will be the Australian Industry Group-PwC Australian Performance of Manufacturing Index (Australian PMI) for December. View full post on Market news | ninemsn Money

Morales drops plan to withdraw fuel subsidies

Monday, January 3rd, 2011

By Naomi Mapstone in Lima and Andres Schipani in Miami, Financial Times, 2 Jan 2011 Evo Morales, Bolivia's leftist president, has reversed a decision to withdraw fuel subsidies after nationwide protests by his own supporters.Police used tear gas on protesters in the capital of La Paz and regional centres ...

Nunavut increases bid for Baffinland Iron Mines

Sunday, January 2nd, 2011

By Bernard Simon in Toronto, Financial Times, 1 Jan 2011 The rival bidders for Baffinland Iron Mines have both sweetened their bids over the new year period, escalating the battle for control of a vast undeveloped iron ore deposit in Canada's high Arctic.Nunavut Iron, an acquisition vehicle backed by ...

Australian stocks open firmer on miners

Saturday, January 1st, 2011

The Australian stock market has opened lower on the last day of the year, following a weaker Wall Street and a dip in prices for precious metals overnight.At 1015 AEDT, the benchmark S&P/ASX200 index was down 7.1 points, or 0.15 per cent, at 4,783.3, while the broader All Ordinaries index ...

Aust stocks open firmer on miners

Friday, December 31st, 2010

The Australian stock market has risen to an eight month high in early trade, led by the miners, following a strong offshore session for commodities.At 1015 AEDT, the benchmark S&P/ASX200 index was up 21.2 points, or 0.44 per cent, at 4,796.4, while the broader All Ordinaries index had risen 19.9 ...

Australian stocks open flat

Thursday, December 30th, 2010

The Australian stock market has opened flat, balancing a positive lead from offshore markets with China's surprise interest rate rise on Christmas Day as trading resumes after a four-day break.At 1015 AEDT, the benchmark S&P/ASX200 index was up 2.1 points, or 0.04 per cent, at 4,779.4, while the broader All ...

Profit taking follows China’s rate increase

Wednesday, December 29th, 2010

By Dave Shellock, Financial Times, 27 Dec 2010Year-end profit-taking was the dominant theme in holiday thinned stock markets as China's decision to raise interest rates last Saturday injected a note of caution into a rally that has taken US and European equities to levels not seen since the collapse ...

Nikkei drops in thin trade on losses in Asia markets

Tuesday, December 28th, 2010

* Nikkei down 1 percent, Topix falls 0.8 pct * Losses in other Asian markets sour sentiment in Tokyo View full post on Market news | ninemsn Money