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Queen Elizabeth, Alexander Downer, Prince Philip

UK’s Brexit from EU can bring positive opportunities for Australia

The United Kingdom’s Brexit can bring new opportunities for Australians, according to Alexander Downer, Australia’s high commissioner to the UK. He said the UK’s exit from the European Union shouldn’t affect Australia’s chances of entering trade deals with the UK.
Australia's S&P/ASX 50 Index shows a slight bump during early trading as votes are counted in Britain's EU referendum at the Australian Stock Exchange in Sydney, Australia, June 24, 2016.

EU referendum: Australian investors wait for Brexit outcome

As the EU referendum comes to a close, the Australian market is preparing for a possible Brexit (Britain Exit from the European Union) win, which would have implications in the local market. Many Australian stock investors are waiting for the official outcome to arrive before buying or selling stocks.

Copper, oil plunge

Waning hopes on the potential power of continued international growth pushed down commodities today, with copper suffering the hardest hit.

Standard & Poor's made changes to U.S. indices

Leading index provider Standard & Poor's Indices announced on Wednesday changes in the U.S. indices. It said that the S&P SmallCap 600 constituent Rock-Tenn Co. would replace Varian Inc. in the S&P MidCap 400 index, and LSB Industries Inc. will replace Rock-Tenn in the S&P SmallCap 600 index after the close of trading on a date to be announced.

Gold prices soar to new record highs

The Australian gold stocks had inspired a beehive trading on Wednesday following the precious metal’s spot price record spikes in US trading overnight, with the spot gold price reaching as high as $US1,234.55 per fine ounce in the US session.

BHP faces $2.7M graft scandal

Trouble looms over BHP Billiton as it faces a controversial a graft scandal on its exploration project in Cambodia.