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Australian coal miners are steeling themselves for years of production cuts as swelling shipments from international rivals lower hopes of a recovery in coal prices.
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Australian coal miners are steeling themselves for years of production cuts as swelling shipments from international rivals lower hopes of a recovery in coal prices.
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*Ford to end Australia production by 2016- reports. CANBERRA, May 23- Ford Motor Co is set to announce it is closing its two Australian auto plants and will cease production in the country by 2016 as it struggles with sliding sales, high costs and a strong Australian dollar, local media reported on Thursday.
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The "Fast Money" traders share their final trades of the day and what they're looking out for Wednesday.
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MELBOURNE, May 21- A spate of profit warnings from Australian mining services firms suggests the country's "once-in-a-century" resources spending boom may have peaked sooner than companies, economists and policymakers had expected.
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The energy boom in the U.S. is providing a shock absorber of sorts for major oil companies, helping to hedge a strong dollar amid an the increase in domestic production.
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China's benchmark index out-performed the broader Asian market for a second straight session on Friday as investors cheered moves by the government to ease strict regulation while the rest of Asia's equity markets traded cautiously as concerns grew over a U.S. Federal Reserve exit from quantitative easing.
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More fund managers believe "a hard landing" for China is among the biggest tail risks facing markets, a survey shows.
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NEW YORK, May 14- A takeover of Mosaic Co is unlikely in the near term and would be affordable to only a handful of players, executives said in an interview on Tuesday.
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SYDNEY, May 7- BHP Billiton has halted work at some construction sites at its operations in the Eagle Ford shale in the United States as it investigates the death of a contractor at the site, it said on Tuesday. A contractor was fatally injured on Monday while working at a site in Karnes County, the company said. Karnes County is about 200 miles west of Houston.
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SYDNEY, May 7- BHP Billiton has halted work at some construction sites at its operations in the Eagle Ford shale in the United States as it investigates the death of a contractor at the site, it said on Tuesday. A contractor was fatally injured on May 6 while working at the site in the state of Texas, BHP said in a statement.
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May 8- BHP Billiton Ltd:. *BHP Billiton prices C $750 million bond. *Says the Canadian bond issue comprises C $750 million 3.23% bonds due 2023..
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LONDON, May 07 Rio Tinto and BHP Billiton's commitment to progressive dividend policies limits their options for cutting cash outgoings and makes it harder to maintain positive free cash flow in the current soft commodity price environment, Fitch Ratings says.
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**ARUBA NETWORKS INC, Monday close $22.05, down 20 pct pre market. **MICROSOFT CORP, Monday close $33.75.
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**MICROSOFT CORP, Monday close $33.75.
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**MICROSOFT CORP, Monday close $33.75.
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SYDNEY, May 7- BHP Billiton has halted work at its most productive shale operation, Eagle Ford in the United States, as it investigates the death of a contractor at the site, it said on Tuesday. A contractor was fatally injured on May 6 while working at the site in the state of Texas, BHP said in a statement.
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SYDNEY, May 7- Australian shares ended 0.2 percent lower on Tuesday after the central bank decided to cut rates, spurring a modest recovery in financials from the day's lows, while New Zealand's benchmark index hit a record closing high.
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SYDNEY, May 7- Australian shares ended 0.2 percent lower on Tuesday after the central bank decided to cut rates, spurring a modest recovery in financials from the day's lows.
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SYDNEY, May 7- BHP Billiton has halted work at its Eagle Ford shale operation in the United States as it investigates a fatality at the site, it said on Tuesday. A contractor was fatally injured on May 6 while working at the site in the state of Texas, according to the company.
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SYDNEY, May 7- Australian shares fell 0.5 percent in later morning trade on Tuesday, dragged down by financials as investors adopted a cautious stance ahead of the outcome of the central bank's rate-setting meeting later in the day. Top lender the Commonwealth Bank of Australia.