ASX marginally in the red
The ASX was marginally in the red at noon, with gold stocks heavily sold off for the second consecutive day on the back of a falling gold price.
Growth story gets lost in the...
ASCIANO has flagged plans to raise up to $1 billion via a partial asset sale in order to ease its crippling debts, after stumbling to a humiliating $182 million loss for the year.
08/06/08
Similar news about Brambles Ltd.
Asciano says it expects to perform well
Ports and rail operation Asciano Group says it expects to perform well in the new financial year.
Australian stocks hit 32-month low
The Aussie stock market was languishing at a 32-month low at noon as fears of slowing global growth lowered commodity prices and hammered the resources sector.
Kill the competition: FTSE plunge ......
Welcome to today's round-up of business news from The Times: what we're
saying, what they're saying
Stocks under pressure after US falls
The share market is expected to open lower after Wall St fell over 1% on Friday.
Aussie stocks drop
The Australian share market has opened 2% lower, led down by financial companies, after US stocks fell on Friday.
ASX marginally in the red
August 12, 2008
The ASX was marginally in the red at noon, with gold stocks heavily sold off for the second consecutive day on the back of a falling gold price.
Babcock & Brown shares dive on fee flow fears
Babcock & Brown, the worst- performing stock on the MSCI Asia-Pacific Index, fell on concerns that credit market turmoil may cut proceeds from asset sales to reduce debt.
BHP Billiton abandons bid for Rio Tinto
BHP Billiton Ltd., the world's biggest mining company, abandoned a hostile $68 billion takeover bid for rival Rio Tinto Ltd., blaming the global economic downturn and plunging commodity prices.
Orica to demerge consumer products
Orica Ltd plans to demerge its consumer products business into a separate company and raise up to $900 million through an entitlement offer.
Australia approves Chinalco's stake...
Australia has approved Aluminum Corp. of China Ltd.'s stake in miner and takeover target Rio Tinto Ltd., Treasurer Wayne Swan said Sunday.
Rio Tinto says it is comfortable with...
Mining giant Rio Tinto on Wednesday sought to allay concerns about its debt levels a day after bigger rival BHP Billiton abandoned a takeover bid for that reason, sending Rio's...
Rio Tinto to invest 2.15 bln dlrs in...
AFP - Anglo-Australian mining giant Rio Tinto announced Wednesday that it will invest 2.15 billion US dollars in a major expansion of its iron ore mine in Corumba, Brazil.
Rio Tinto to invest $2.15 bln in...
AFP - Anglo-Australian mining giant Rio Tinto announced Wednesday that it will invest 2.15 billion US dollars in a major expansion of its iron ore mine in Corumba, Brazil.
Rio Tinto posts record half-year profit
Rio Tinto Ltd., the world's third-largest mining company, said Tuesday that half-year profit more than doubled to a record on strong demand from China for iron ore and other...
Turmoil for Qantas as craft grounded
QANTAS yesterday grounded a 747 aircraft because a crucial piece of equipment needed urgent maintenance, leaving the plane's tail at risk of breaking away.
Qantas jumbo to debut in October
Qantas has confirmed its new A380 super jumbo will make its debut flight for paying passengers on October 20.
BHP Billiton and China's Baosteel...
BHP Billiton said Friday it has reached agreement with China's Baosteel on prices for iron ore deliveries, securing increases of up to 96.5 percent after protracted negotiations.
Australian regulator announces...
AFP - Australian civil aviation officials on Sunday announced an unprecedented special review of Qantas after three mid-air dramas in the space of two weeks threatened to...