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Last updated: July 09, 2013

Weather: Sydney 9°C - 16°C . A few showers.

All times AEDT

  1. Dow Jones
    +88.85
    15224.6904
    at 16:00
  2. Oil
    0.0
    0.0
    at 16:00
  3. ASX 200
    +79.8
    4889.3
    at 16:03
  4. AUD/USD
    -0.0
    0.9123
    at 16:00

ASX200 - Top Gainers & Losers at 04:08PM

CodeNamePricePercent
DML Discovery Metals 0.185 19.35%
BBG Billabong Inter.. 0.24 -15.79%

Open markets

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  • Sydney
  • Shanghai

 

Tuesday, 9 July

Alumina shares up despite Alcoa loss

ALUMINA has posted strong share market gains after its partner Alcoa posted a $US119 million loss but predicted demand growth in aluminium.

Yancoal privatisation faces FIRB hurdle

CHINESE based Yanzhou Coal Mining's plans to privatise its Australian-listed miner Yancoal may face objections from Australian authorities.

Stocks to watch at close on Tuesday

STOCKS of interest on the Australian Securities Exchange at close on Tuesday

NZ share market rises to six-week high

THE New Zealand share market is rising ahead of the reporting season but market darling Xero encountered selling.

Telstra plans to send jobs to India

TELSTRA has announced plans to move 170 jobs from its fast-growing cloud-based IT services business to India.

Alcoa posts $US119m second quarter loss

ALCOA sticks to its forecast of seven per cent growth in global aluminum demand this year.

Peugeot sales dive in first half

A SHRINKING European market share has hit French carmaker PSA Peugeot Citroen hard in the first half of the year.

Northern Star shelves Ashburton project

NORTHERN Star will shelve its Ashburton gold project in WA due to the lower gold price, despite posting a record full year production result.

NZ dollar little changed on Chinese data

STRONG inflation data in China tempered a push higher by the New Zealand dollar after earlier selling pressure eased.

Michael Hill increases sales

MICHAEL Hill has posted increased sales figures but says sales in Australia were flat in the last three months.

Steggles falsely labelled chickens

STEGGLES chickens have been found to have been falsely labelled free to roam when they were given space which is less than the size of an A4 sheet of paper

Alesco takes tax case to Supreme Court

AUSTRALIAN company Alesco will challenge a tax ruling in the Supreme Court in a case that has ramification for other companies.

Ramelius shares jump 20% on production

SHARES in Perth-based Ramelius Resources have jumped almost 20 per cent after the gold miner posted a record June quarter production result.

Goodman Group raises $775m on Euro ops

PROPERTY investment trust Goodman Group has enjoyed strong demand for an equity issue on its European operations.

$A loses momentum on business survey

THE Australian dollar has lost some of the ground it made overnight after research showed business conditions have hit a four-year low.

Advisers support Dell founder's buyout

MICHAEL Dell believes he can turn the company he founded around by taking it private and diversifying into niches.

Banks lead Aussie shares higher

THE share market is more than one per cent firmer as investors buy into banking stocks and some of the big miners.

Buffett makes stock donations to charity

WARREN Buffett is giving more than $US2.6 billion worth of Berkshire Hathaway stock to charities, including the Bill and Melinda Gates Foundation.

China annual inflation picks up

HIGHER food prices have driven China's annual inflation to 2.7 per cent in June.

Hong Kong stocks open higher

HONG Kong's benchmark Hang Seng Index is up 0.14 per cent on opening.

Portugal's president mulls snap election

PORTUGAL'S president consults political parties before deciding whether to call snap elections after the resignation of ministers over austerity moves.

Germany to pull plug on solar subsidies

GERMANY eyes an end to solar subsidies by 2018.

NZ credit and debit card spending jumps

SPENDING by New Zealanders on credit and debt cards was higher than expected in June, suggesting retail sales overall for the month may be up.

Greenback pulls back after gains last week

THE US dollar falls following a drop in Treasury yields after European and British central banks promise to continue stimulus moves and strong US data.

German economy on track, OECD says

THE Organisation for Economic Co-operation and Development signals eurozone recovery is on track despite Germany's poor export and industrial figures.

Nikkei opens 1.25 per cent higher

TOKYO has taken a lead from Wall Street and European bourses in opening higher.

NZ telecoms regulations up for review

A REVIEW of New Zeland telecoms obligations created when Telecom was privatised is under way but free local calling should remain.

Clearwire vote for Sprint deal

SHAREHOLDERS of mobile broadband network company Clearwire have voted in favour of the take-over by Sprint Nextel Corp.

SEC ends inquiry into Wynn Resorts: Wynn

STEVE Wynn says the Securities and Exchange Commission has ended its inquiry into allegations his company Wynn Resorts made improper donations.

Aussie bonds firm as dealers consolidate

AUSTRALIAN bond futures contract prices are firmer as dealers react to confusion on financial markets.

Greece set to receive 4bn euros in new aid

EUROZONE finance ministers have agreed to release 4 billion euros for Greece.

Recession top risk in Europe: ECB chief

PROLONGED recession is weakening the European banking system, European Central Bank president Mario Draghi says.

US stocks up as earnings season kicks off

US stocks have closed higher as investors await the kickoff of earnings season.

Precious metals rise

PALLADIUM and platinum lead precious metals higher, gaining 2.6 and 2.7 per cent, respectively, while gold and silver also rise.

Base metals rise

BASE metals rise on the LME with copper up 0.6 per cent and aluminum gaining 2.00 per cent.

Oil prices dip; Egypt still worries market

WORLD oil prices have eased slightly while traders keep an eye on developments in Egypt.

European stocks firm on US jobs data

EUROPEAN stocks have closed up as investors took a new look at upbeat US jobs data.

Monday, 8 July

Hong Kong stocks end down 1.31%

HONG Kong stocks have ended down 1.31 per cent on fears the US Federal Reserve will ease up on its stimulus program, with property shares hit the hardest.

Shares fall due to weaker commodities

THE share market has been weighed down by lower commodities prices and disappointing employment data.

Tiger air becomes part of Virgin

VIRGIN Australia has taken ownership of a 60 per cent stake in Tigerair Australia after the competition watchdog approved the move.

ASIC to monitor analysts briefings

THE corporate watchdog will monitor analysts' briefings through spot checks during the upcoming reporting season.

NZ house prices edge higher in June

THE median price of a house rose 0.5 per cent in June with seven out of 10 regions recording increases.

Unemployment tipped to have risen in June

MOST economists are predicting a rise in the unemployment rate for June thanks to subdued economic activity.

Asiana Airlines'shares plummet

ASIANA Airlines' share price has dived 6.4 per cent in Seoul after one of its planes crashed in San Francisco.

US dollar holds firm against yen in Asia

A STRONGER-THAN-EXPECTED US jobs report has helped the greenback consolidate gains against the yen in Asian trade.

Fewer jobs advertised in June: ANZ survey

JOB seekers are in for a difficult time as the number of job ads declines for a fourth consecutive month.

RHG board recommends takeover offer

THE board of mortgage business RHG has recommended its shareholders accept a takeover offer from Resimac.

$A lower since healthy US jobs data

THE Australian dollar is lower after the greenback was given a boost by strong US jobs data.

Stocks to watch at noon on Monday

STOCKS of interest on the Australian Securities Exchange at noon on Monday

Facebook rolling out new search tool

CARE to find out which brand of condoms your friends prefer? Facebook's new Graph Search might tell you.

Suntory's Frucor posts drop in profit

THE New Zealand bottler of Gatorade, V, Just Juice and other drinks branks has reported a lower profit.

Haiti's $US160 million tourism boost hopes

HAITI'S president has announced $US160 million in investment in a bid to boost high-end tourism to the Caribbean nation.

Atlas to start work on new Pilbara mine

ATLAS Iron has approved the development of a new iron ore mine in Western Australia.

Aust bonds weaken as US jobs rise in June

AUSTRALIAN bond futures contract prices are weaker, as upbeat US jobs figures put particular pressure on 10-year bonds.

Home price gains offer boost for sellers

SOARING prices are leaving fewer homeowners owing more than their properties are worth, bringing them off the sidelines of America's surging housing market.

Precious metals fall on QE easing fears

CONCERN that the Federal Reserve may soon begin tapering its stimulus measures after goods jobs data sends precious metals lower, with gold down 3.1 pct.

Base metals plunge on the LME

BASE metals plunge after better-than-expected US jobs figures prompt concern the Federal Reserve may soon start tapering its stimulus measures.

Oil prices soar on strong US jobs data

OIL prices surge after better-than-expected US jobs figures and the Bank and concern over unrest in Egypt.

Target founder Dayton dies at 88 in US

THE founder of US big-box retailer Target Corp, Douglas Dayton, has died after a long battle with cancer, his family says.

Saturday, 6 July

Confidence in US economy pushes stocks up

US stocks are higher for the second straight week amid solid US jobs data.

Business MarketWatch promo

Business Top Stories

Business conditions lowest in four years

Business conditions have slumped to their lowest level in four years despite lower interest rates and a falling Australian dollar, according to a NAB survey.

Tips for reinventing your career

MAKING the decision to change jobs or step off the corporate ladder can be tough, but a few simple changes to your mindset will make the process much easier.

9 comments on this story

Teenagers take on business world

YOUNG entrepreneurs are squeezing in time to kickstart their own small businesses, with an estimated 50,000 school kids running businesses around Australia. 

'Free to roam' chickens a lie

COMPANIES that supply Steggles chicken products guilty of false advertising after chickens found to have access to space smaller than A4 sheet.

When to hire your first employee

HIRING your first staff member is an exciting step for business, but it's often best to delay it for as long as possible.

Market Charts at 12:00AM

Switch to Chart Points Change Percent
Hang Seng 20582.1895 -272.48 -1.31
Hang Seng daily chart
ASX200 4889.5 +80.0 +1.66
ASX200 daily chart
All Ords 4873.5 +75.9 +1.58
All Ords daily chart
Nikkei 10578.57 +70.51 +0.67
Nikkei daily chart
Switch to Chart Points Change Percent
DJIA 15224.6904 +88.85 +0.59
DJIA daily chart
S&P; 500 1640.46 +8.57 +0.53
S&P 500 daily chart
S&P; 100 575.64 -10.07 -1.72
S&P 100 daily chart
NASDAQ 3484.8311 +5.45 +0.16
NASDAQ daily chart
Switch to Chart Points Change Percent
CAC 40 3823.8301 +69.98 +1.86
CAC 40 daily chart
DAX 30 7968.54 +162.54 +2.08
DAX 30 daily chart
FTSE 6450.0698 +74.55 +1.17
FTSE daily chart
Euro Top100 2402.8799 +34.45 +1.45
Euro Top100 daily chart
Switch to Chart Points Change Percent
AUD/USD 0.9123 -0.0 -0.14
AUD/USD daily chart
Switch to Chart Points Change Percent
Oil 0.0 0.0
Oil daily chart