London afternoon: Advance stalls
22nd Jul 2010 14:28
Shares moved sideways over the lunch-time session with investors keeping their powder dry ahead of day two of US Federal Reserve Chairman Ben Bernanke's testimony in the US Senate. Yesterday the Fed chairman's downbeat comments stopped a Wall Street rise in its tracks. Outsourcing giant Capita is s
Read moreLondon midday: Morning ends on a high
22nd Jul 2010 12:11
Better than expected UK retail sales gave equities a mid-morning boost and the FTSE 100 index finished the morning session close to its highest point of the day so far. Britons building up supplies for last month's World Cup, the good weather and further discounting had retail sales up smartly in J
Read moreKarelian rockets on Finland tie-up with Rio
22nd Jul 2010 12:08
Karelian Diamond Resources tripled at one stage after Rio Tinto agreed to hand over confidential information and physical geological samples relating to exploration in Finland. The data will help AIM-listed Karelian assess its potential and existing exploration programmes in Finland. In return, it
Read more4th UPDATE: Australia Small Miners Alarmed By Greens Tax Views
22nd Jul 2010 08:09
(recasts lead, adds comments from Resourcehouse chairman and more remarks from Senator Brown. By David Fickling Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--Smaller and mid-tier Australian miners could restart advertising campaigns against the government's tax plans for the industry as s
Read moreKarelian Diamond Resources Gets Access To Rio Tinto Data
22nd Jul 2010 07:48
LONDON (Dow Jones)--Irish diamond explorer Karelian Diamond Resources PLC (KDR.LN) Thursday said Rio Tinto PLC (RIO.LN) has agreed to supply it with secret exploration data about Finland in exchange for an option to take a 51% stake in any discovery Karelian makes there. Dublin-based Karelian sa
Read more3nd UPDATE: Australia Small Miners Alarmed By Greens Tax Views
22nd Jul 2010 05:07
By David Fickling Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--The prospect of the Australian Greens party holding the balance of power in the Senate after Aug. 21 elections is creating fresh uncertainty for mining companies in relation to the government's proposed mining tax, executives and
Read more2nd UPDATE: Australian Miners Raise Alarm About Greens Mining Views
22nd Jul 2010 04:33
By David Fickling Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--The prospect of the Australian Greens party holding the balance of power in the Senate after Aug. 21 elections is creating fresh uncertainty for mining companies in relation to the government's proposed mining tax, executives and
Read moreUPDATE: Australian Small Miners Raise Alarm About Green Party Mining Views
22nd Jul 2010 03:45
By David Fickling Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--The prospect of Australia's Green party taking control of the country's Senate in August 21 elections creates fresh uncertainty for mining companies in relation to the government's proposed mining tax, executives and lobbyists sai
Read moreMARKET TALK: S&P/ASX 200 Down 0.2%; Miners Offset Weakness
22nd Jul 2010 01:46
0046 GMT [Dow Jones] S&P/ASX 200 down 0.2% at 4402.5 after hitting 2-day low of 4393.4 on offshore weakness caused by disappointment with Bernanke's comments. However, weakness is being substantially offset by strength in resources, after surging base metal prices supported resources in offshore tra
Read moreMARKET TALK: S&P/ASX 200 Offshore Leads Bullish
22nd Jul 2010 00:53
2353 GMT [Dow Jones] S&P/ASX 200 offshore leads bullish, with overnight SPI 200 futures up 1.5% to 4412.0 on strong U.S. earnings reports and better-than-expected European and U.S. economic data. DJIA rose 2.0% to 10322.3, S&P 500 up 2.3% to 1093.67, Nasdaq up 2.7% to 2245.89. CBOE VIX fell 3.9% to
Read moreUPDATE: Aston Resources IPO Prospectus Likely To Be Lodged Next Week -Source
21st Jul 2010 06:46
By Cynthia Koons Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--Aston Resources is likely to lodge a prospectus for an initial public offering in Australia next week, a person familiar with the matter said Wednesday, the first major test for an IPO market that has been all but shut since a succ
Read moreAston Resources IPO Prospectus Likely To Be Lodged Next Week -Source
21st Jul 2010 06:10
SYDNEY (Dow Jones)--Aston Resources is likely to lodge a prospectus for an initial public offering in Australia next week, a person familiar with the matter said Wednesday. The company has an enterprise value of A$2 billion, the person said. Aston Resources Managing Director Nathan Tinkler previ
Read moreMARKET TALK: S&P/ASX 200 Up 0.3% On Materials Strength
21st Jul 2010 01:49
0049 GMT [Dow Jones] S&P/ASX 200 up 0.3% at 4415.7 after hitting 3-day high of 4435.6, where it found resistance from a downtrend line drawn off the April peak. Early rise follows moderate gains on Wall Street, with materials leading broad-based gains in cyclicals. BHP (BHP.AU) up 1.8%, Rio Tinto (R
Read moreADR REPORT: Shares Gain, With Materials Stocks Leading
20th Jul 2010 21:54
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed up, with materials stocks leading gains and the Latin American and emerging markets indexes finishing strong. The Bank of New York index rose 1% to 121.51. Materials sto
Read moreLondon close: Flat finish for FTSE 100
20th Jul 2010 16:42
There was plenty of movement in both directions Tuesday, but Footsie closed just a few points lower. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wireless Worldwide warned that the coalition government's emerge
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