ADR Report:Close Slightly Lower With Latin America, Asia Weighing
28th Jun 2010 22:01
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed slightly down Monday, on a late-day slump over worries that the Group of 20's pledge to slash budget deficits could impact global growth. The Bank of New York index of ADRs
Read more2nd UPDATE: ICMM: Miners Must Evaluate Ways To Soften Tax
28th Jun 2010 17:14
(Adds quotes and details.) By Rhiannon Hoyle Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Mining companies need to look at what they can bring to the table if they want to see Australia's planned super-profits tax softened, the president of the International Council on Mining and Metals sa
Read moreUPDATE: ICMM: Miners Must Evaluate Ways To Soften Tax
28th Jun 2010 17:02
(Adds comments, details.) By Rhiannon Hoyle Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Mining companies need to look at what they can bring to the table if they want to see Australia's planned super-profits tax softened, the president of the International Council on Mining and Metals sai
Read moreINTERVIEW: ICMM: Miners Must Evaluate Ways To Soften Tax
28th Jun 2010 16:47
By Rhiannon Hoyle Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Mining companies need to look at what they can bring to the table if they want to see Australia's planned super-profits tax softened, the president of the International Council on Mining and Metals said Monday. In an interview
Read moreMARKET TALK: S&P/ASX 200 Down 0.5% On Sell Programs
28th Jun 2010 02:47
0147 GMT [Dow Jones] S&P/ASX 200 down 0.5% at 4391.9, hits fresh 2-week low of 4385.9 amid talk of a couple of sell programs, which have pushed the market down in the face of 0.3% rise in AUD/USD. Among heavyweights, BHP (BHP.AU) down 0.9%, Rio Tinto (RIO.AU) down 1.2%, Westpac (WBC.AU) down 0.6%, W
Read moreSUBSCRIBERS: Energy Resources Of Australia Rating By Merrill Lynch Already Reported
28th Jun 2010 01:28
Please disregard the latest headline on Energy Resources of Australia's rating from Merrill Lynch. The news was reported on May 31. (END) Dow Jones Newswires June 27, 2010 20:28 ET (00:28 GMT)
Read moreAustralia PM Gillard To Offer Miners Deal This Week - Report
27th Jun 2010 22:45
SYDNEY (Dow Jones)--The Australian government under new prime minister Julia Gillard plans to announce changes to the proposed resource super profits tax this week, according to a report Monday in the Sydney Morning Herald. The paper says the government will seek to quickly tackle problems that
Read moreMARKET TALK: S&P/ASX 200 S&P/ASX 200 Leads Mostly Flat
27th Jun 2010 00:26
2326 GMT [Dow Jones] S&P/ASX 200 offshore leads mostly flat, with overnight SPI 200 futures down 3 points at 4414.0, as agreement on U.S. financial regulations offset disappointing U.S. GDP data. DJIA down 0.1% at 10143.81, S&P 500 up 0.3% at 1076.76, Nasdaq up 0.3% at 2223.48. On the weekend, G-20
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
25th Jun 2010 11:27
0803 GMT [Dow Jones] Exane BNP Paribas cuts National Grid (NG.LN) price target by 6% to 645p to reflect the adjusted number of shares after the rights issue. Also takes into account that National Grid went ex-dividend on June 2. After the rights issue, estimates NG's financing needs are covered unti
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
25th Jun 2010 11:27
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1027 GMT [Dow Jones] The new Australian prime minister's apparent willingness to renegotiate the proposed Resource Super Prof
Read moreMARKET TALK: RSPT Unlikely To Be Implemented In Full - S&P
25th Jun 2010 11:27
1027 GMT [Dow Jones] The new Australian prime minister's apparent willingness to renegotiate the proposed Resource Super Profits Tax, combined with the looming election featuring an opposition which is against the plan, suggest the tax is unlikely to be implemented in full, says S&P Equity Research.
Read more3rd UPDATE: Australia PM Says Mining Tax Deal A Top Priority
25th Jun 2010 07:05
(Adds comments by Rio Tinto Iron Ore CEO, Western Australian Premier) By Alex Wilson and Rachel Pannett Of DOW JONES NEWSWIRES MELBOURNE (Dow Jones)--Australia's new Prime Minister Julia Gillard on Friday singled out reaching a deal with industry over a controversial mining profits tax
Read moreRio Tinto: Proposed Australia Mining Tax As Originally Formulated Is Dead
25th Jun 2010 04:23
PERTH (Dow Jones)--Rio Tinto Ltd. (RIO.AU) Iron Ore Chief Executive Sam Walsh said Friday that the Australian Government's resource super profits tax, as originally envisaged, is now "dead" following the change of prime minister on Thursday. "I think the tax as it was originally ascribed is dead
Read moreMARKET TALK: S&P/ASX 200 Down 1.1% On Broad-Based Declines
25th Jun 2010 01:51
0051 GMT [Dow Jones] S&P/ASX 200 down 1.1% at 4429.9, hits 2-week low of 4422.6 after S&P 500 fell 1.7% on concern about financial regulation, European financial jitters and disappointing U.S. earnings reports. Financials, materials, energy and consumer discretionary sectors leading broad-based decl
Read moreUPDATE: Australia's Swan: Government Committed To Profits Based Mining Tax
24th Jun 2010 23:56
By Lyndal McFarland and Geoffrey Rogow Of DOW JONES NEWSWIRES MELBOURNE (Dow Jones)--The Australian government is genuine in its call for negotiations with the resources industry over a new taxation regime but remains committed to applying a profits-based tax to the sector, Treasurer and ne
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