AFTERNOON REPORT
(4.30pm AEST)The Australian share market ended what has been another volatile week on a flat note, despite attempting a rally in early trade. The All Ordinaries Index (XAO) added 2.2pts or 0.1pct to 4070.1 while the S&P/ASX 200 Index (XJO) firmed by 0.3pts to 4008.6.
MIDDAY REPORT
(12pm AEST)It has been a volatile session of trade so far today, with the Australian sharemarket losing ground after posting gains for the first two hours of trade. The All Ordinaries index (XAO) is down 0.4 pct or 17.4 pts to 4050.5. Almost all sectors are lower with weakness from the financials and miners holding the market back.
AFTERNOON REPORT
(4.30pm AEST)The recent rally on the Australian share market came to an abrupt end today, although the losses weren't overly significant or surprising. US and European markets closed in the red overnight, as investors looked to square their books ahead of the end of the month and end of the September quarter. A lack of concrete and decisive action from European leaders also frustrated investors. The Australian market, which has gained around 4.5pct over the past couple o...
The blaze at Shell SIngapore Refinery, the company's largest plant worldwide, highlights how precarious Sydney supply really was should Shell proceed with its plans to discontinue Clyde as a refinery or disallow its use by third parties, the Construction, Forestry, Mining and Energy Union said on Thursday.
Diesel oil spilled into the Brisbane River near the commercial business district. The spill, near Eagle St Pier, was reported at 5:30 a.m. and is estimated to have spread 150 to 200 metres along the river's northern bank.
All good things have to come to an end and unfortunately the S&P 500 could not make it four out of four successive gains. US equities saw selling right up until the close, with the bears easily winning the session. The NASDAQ was the worst performer, losing 2.2% while the S&P fell 2.1% and the Dow Jones Industrial Average shed 1.6%.
The Australian sharemarket rose almost one per cent in the second day of gains, as markets recovered from last week's massive losses on hopes of a solution to Europe's debt crisis. However, the market investors remained unsure whether a solution to the crisis could be found amid conflicting media reports. The benchmark S&P/ASX200 index had risen 34.9 points, or 0.87 per cent, to close at 4,039.5, while the broader All Ordinaries index rose 34.2 points, or 0.84 per cent, to 4,097.7.
(4.30pm AEST)Investor confidence remained strong today, with the local market managing to hold onto and add to yesterday's 3.5pct gain. Markets around the Asian region were generally firmer, after the Greek parliament approved a contentious property tax law which is crucial to its austerity plan and its commitments to secure bail-out funds. The local share market lost a little steam in afternoon trade but closed higher by 0.8pct, with the All Ordinaries Index (XAO) adding 34.2pts to 4097....
Energy giant BP on Wednesday has called on the NSW government to reconsider its decision to extend its policy on mandating both biodiesel and ethanol-blended petrol in NSW.
World oil prices has moved up more than 5 percent on Tuesday on encouraging news that European fiscal managers are working overtime on a bailout fund to contain the region's debilitating sovereign-debt crisis.
MIDDAY REPORT (12pm AEST)The Australian sharemarket is gaining for the second straight day with the ASX 200 index (XJO) up 0.5 pct or 20.5 pts to 4025.1 while the broader All Ordinaries index (XAO) is also 0.5 pct or 22.2 pts higher to 4085.7. Shares improved by 3.5 pct yesterday, breaking three consecutive sessions of losses.
AFTERNOON REPORT
(4.30pm AEST)The Australian share market snapped a three day losing streak today, rallying by 3.5pct as investor sentiment was boosted by hopes European leaders will announce fresh measures to address the sovereign debt crisis. The All Ordinaries Index (XAO) added 135.9pts to 4063.5, after touching an intra-day high of 4049. The S&P/ASX 200 Index (XJO) firmed by 140.7pts or 3.6pct to 4004.6.
The latest Australian Industry Group/Deloitte CEO survey released on Tuesday, "Business Regulation," points to the high and rising cost of complying with regulation for Australian businesses.
MIDDAY REPORT
(12pm AEST)As expected, the Australian share market is wiping out yesterday's falls with the All Ordinaries index (XAO) up 2.9 pct or 114.9 pts to 4042.5. Keep in mind that despite the improvement, the market locally has still lost ground for five of the past seven sessions.
It's all systems go as Chevron Corp. formally approved today the $29 billion Wheatstone liquefied natural gas (LNG) project in Western Australia's Pilbara region.
The Mongolian government is seeking to increase its stake allocation in the Oyu Tolgoi copper-gold project from 34% to 50%, leaving its developers rethinking if it was a good deal at all to have initiated the project.
Lumped together the pay checks collected by the top executives of BHP Billiton, Commonwealth Bank of Australia (CBA) and Coles for financial year 2010-2011 alone and you’ll get more than $43 million, which is more than enough for an average Australian to last a lifetime.
The federal government stamped its environmental approval on the Chevron-led Wheatstone liquefied natural gas (LNG) project that experts said would lead to billion-dollars of investments but could disrupt the marine eco-system off the coast of Western Australia’s Pilbara region.
Environment Minister Tony Burke has approved the liquefied natural gas project proposed by Chevron in Western Australia’s Pilbara region following a rigorous assessment, he had approved Chevron’s proposed Wheatstone liquefied natural gas project under the Environment Protection and Biodiversity Conservation Act, "with strict conditions."
ERM Power has received environmental approval from the Western Australia government for its proposed $500 million Three Springs power station and 60 kilometer gas pipeline in Western Australia.
A $200 million wind farm project that will generate 109.5 megawatts of power will soon be erected in Illinois.
GVK Group of India is set to close the funding requirements for its US $1.2 billion acquisition of Hancock Coal in Australia in the next few weeks.
Siemens AG, Europe's largest engineering firm, will be totally out of the nuclear power station business, according to its top honcho Peter Loescher.
Anglo-Australian miner Rio Tinto has capitalized on near record-low yields to slash debt costs as company bond sales in the US this month reached $40 billion while Australia’s market remains frozen.
Chevron’s Australian subsidiaries have inked a sale and purchase agreement with Kyushu for the delivery of liquefied natural gas (LNG) from the Wheatstone Project in Western Australia.
Director General of the International Atomic Energy Agency, Yukiya Amano, assured on Monday the 35-nation governing body of Vienna-based U.N. agency that Fukushima atomic power plant reactors are now stable.
Fears of a radioactive leak erupted in a French nuclear waste site after an explosion that killed at least one person and injured four Monday.
Ferrier Hodgson, an accounting firm specializing in insolvency, has been appointed as receiver of Solar Shop Australia Pty Ltd., Australia's largest provider of solar PV systems, a move that has shaken and disappointed the solar industry.
AFTERNOON REPORT
(4.30pm AEST)The local share market has finished the trading week on a positive note, with the All Ordinaries Index (XAO) adding 7.6pts or 0.2pct to 4277.4 and the S&P/ASX 200 Index (XJO) firmer by 6.7pts or 0.2pct to 4194.7.
Energy company Jatenergy Limited (ASX:JAT) is supplying high quality crude jatropha oil to Lufthansa for use in the world’s first, long-term trial of renewable jet fuel on the German airline’s regular scheduled flights between Hamburg and Frankfurt.
