Dyno Nobel Cans Half Billion Dollar Plant
The cost pressures and shortages of resources have caused work on a half billion dollar mining explosives plant in Queensland to be halted.
Read MoreThe cost pressures and shortages of resources have caused work on a half billion dollar mining explosives plant in Queensland to be halted.
Read MoreThe sense that the Australian economy has lost momentum placing pressure on 2008 earnings was reinforced yesterday by the latest National Australia Bank survey of business conditions and confidence.
Read MoreMake no mistake; China's economy is getting hotter.
Read MoreThe US Federal Reserve has cut interest rates by a quarter of a per cent, as expected.
Read MoreAllco Finance Group's (AFG) takeover offer for property investment business Rubicon Holdings Ltd has received Allco shareholder approval on Tuesday.
Read MoreShares in Herald Resources (HER) rose by more than 26% today after it announced that Indonesian coal miner PT Bumi Resources has launched a $455 million takeover offer.
Read MoreGaming firm and recent offshoot of Publishing and Broadcasting, Crown (CWN) announced today that it has agreed to acquire casino operator Cannery Casino Resorts (CCR) for $2 billion plus acquisition costs of about $57 million.
Read MoreSmall uranium explorer, UraniumSA (USA) rose by as much as 96% at one point today after it said it has made an ‘unusual' uranium discovery near Whyalla, South Australia.
Read MoreBell Financial Group (BFG) got off to a firm start on its first day of listing, opening at a 25% premium to its initial public offer (IPO).
Read MoreShares in Downer EDI, the struggling contractor and train builder, had a positive day yesterday as a new CEO was named, the market digested the staged sale of the troubled Century Resources arm; and news that the review of the company business will be announced next February.
Read MoreWorld lead prices could be about to sent even lower with the imminent restarting of shipments from a West Australian mine that supplies 3% of global output.
Read MoreOnce again the credulous financial media in Britain is being used to float rumours about BHP Billiton and Rio that bear little resemblance to what has been going on in the real world.
Read MoreThe subprime mortgage credit crunch continues to take victims in the Australian markets, despite claims that our closeness to booming Asia would spare us the worst.
Read MoreFinancial Services Group, Austock Group Limited (ACK) made a promising debut on Tuesday, after the company traded at a 17.7% premium to its offer price of $1.80.
Read MoreDyno Nobel (DXL), Commercial Explosives Maker, fell by 13% today after it announced it has suspended its Moranbah project in Queensland indefinitely because it no longer meets the group’s financial criteria.
Read MoreConcrete maker, Adelaide Brighton Ltd (ABC) rose 2 cents to $3.87 today after the company said it has acquires a 50% share of Mawsons, a concrete and quarry business operating in regional Victoria and southern New South Wales.
Read MoreToday Rio Tinto gave BHP an ultimatum to either ‘put up or shut up' with an application to the UK Takeover Panel which would force BHP to make a formal bid or back down.
Read MoreInvestment group Babcock & Brown (BNB) announced today that has sold about 70% of its Swiss retail portfolio to create a joint venture (JV) with an unnamed Europe-based investor.
Read MoreCorporate activity in the upper levels of the global mining market continues to rise with London reports over the weekend suggesting that Brazil's CVRD (Companhia Vale do Rio) had started looking at the aggressively expanding Anglo-Swiss Group, Xstrata.
Read MoreIt's getting harder and harder not to think that the Chinese Government and its key economic regulators might be on the wrong side of their continued battle to cool the hot Chinese economy.
Read MoreAustralian investors got no leads from Wall Street on Friday and the market today will be a bit directionless.
Read MoreOne hit wonder, or a sign of things to come in 2008?
Read MoreCoal miner New Hope Corporation (NHC) announced today that it has pulled out of a takeover battle for Resource Pacific Holdings, saying it would not seek to better Xstrata's higher bid.
Read MoreGold miner and explorer Kingsgate Consolidates (KCN) said on Sunday that media reports early last week were incorrect and misleading when reporting on the company's mining applications in Bangkok.
Read MoreThe investment arm of BT Financial Group, BT Investment Management (BTT) fell on its debut today, down 1 cent on its listing price of $4.80.
Read MoreNufarm (NUF) has ceased talks with the Chinese-led consortium which offered the agricultural chemicals company a $3 billion offer last month as the consortium has been unable to formalise its proposal.
Read MoreThe acquisition of Colonial First State Private Capital Limited (CFI) has moved towards completion after it said today the Federal Court of Australia made orders approving the Scheme of Arrangement by which Sunsuper will acquire all of the CFI Shares on issue for 79.8 cents per CFI share.
Read MoreWith the trade outlook getting cloudy, inflation perhaps easing in the second half of 2008, growth slowing and interest rates on hold, what happens to the value of the Australian dollar?
Read MoreSave us from the cowboys in the Chinese business community.
Read MoreIt's been a big week for the Reserve Bank, from improving the information flow to the market, investors, home owners ands others about interest rate decisions themselves, the reasons and publishing the minutes of board meetings, to reaching a new agreement with the Government on independence.
Read MoreThe Bank of England has cut its key interest rate 0.25% to 5.5% but the European central Bank left its key rate steady at 4% after meetings finished overnight.
Read MorePrior to the start of the US housing market woes, central banks were talking tough on inflation. That was just 6 months ago. Now, with the housing and credit markets deflating, global central banks no longer seem so concerned about rising prices.
Read MoreWestpac (WBC) has raised $247 million from institutions from an initial public offer (IPO) of shares in funds manager BT Investment Management (BTIM).
Read MoreTelstra (TLS) has suffered a blow with the Federal Court ruling that the company has misled consumers about the coverage available on its Next G mobile network.
Read MoreBase metals explorer North Queensland Metals (NQM) announced today that it is in talks with Newmont Australia to buy its Pajingo gold mine.
Read MoreBillabong (BBG) has announced today that it has acquired the swimwear company Tigerlily from founder Jodhi Meares.
Read MoreProperty groups Lend Lease Corp and Mirvac may have both confirmed they have been in talks about a potential transaction but that's about as far as it goes at the moment.
Read MoreXstrata Coal, part of the big Swiss-UK mining house, Xstrata, continues to open its wallet for Australian mining assets, especially coal.
Read MoreThe growth figures showed a 1% rise in gross domestic product in the September quarter in seasonally adjusted terms from the June quarter and a 4.3% rise over the year from September 2006 to the September quarter this year.
Read MoreCoca-Cola and beer continue to go well together for shareholders in Coca Cola Amatil, as does fruit, vegetables and its reduced international operations.
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