Commodities Market

Sterling To Consolidate Further On Dovish BoE, Euro Correction On Tap

Commodities Sold on Greece Woes, May Extend Losses on Fed Minutes

Shale gas might be booming in the United States but it faces many hurdles before it can be commercially viable in Australia.Industry consultants KPMG said extracting shale gas was currently too expensive ...

The government in East Timor has shown off a European-built pipeline which it says can be used to send natural gas to the country from the disputed Greater Sunrise Field off the north-west coast of Australia.East ...

Stocks have suffered their worst drop this year as escalating financial and political turmoil in Europe sends fear through the markets.Traders called it an ugly day on the market after shares fell to a ...

The Australian dollar is extending its fall below below parity with the US dollar as renewed worries about debt-stricken Greece weighs on the currency.Greece is expected to hold new elections, possibly ...

Pound Eyes BOE Minutes, Dollar Looks to Fed Minutes to Drive Rally

Australian stocks plunged to two-month lows, led by the resources sector, with $32 billion wiped from the value of the market as Greece's problems kept investor confidence at depressing lows.The benchmark ...

BHP Billiton chairman Jacques Nasser says the global miner will not spend the $80 billion on growth projects that it said it would, stepping back from previous commitments.Mr Nasser, speaking in Sydney, ...

The chairman of BHP Billiton says the company's Australian operations are facing pressure from high production costs, difficult industrial relations, high taxes and global instability.In a speech to the ...

Australian bond future prices inched higher on continued worries about the euro zone but remain just below their record highs set just a day ago .At 1630 AEST on Wednesday, the 10-year bond futures contract ...

Australian stocks have closed at a two-month low, after one of the worst trading days of the year.

Australian stocks closed at a two-month low, after one of its sharpest one-day percentage falls this year.The local bourse took its lead from much weaker European and US markets overnight, which dropped ...

Virgin Australia says it has started trialling the use of biodiesel to power some ground vehicles at Brisbane Airport.The fuel for the eight-week trial will contain 80 per cent conventional diesel and ...

Dollar Sets Yearly High, S&P 500 Chart Setup Hints at Possible Bounce

US giant General Electric (GE) aims to increase its presence in the booming resources sector through a $700 million friendly takeover for Australian mining equipment-maker Industrea.Industrea shares jumped ...

Perth, Australia, May 16, 2012 - (ABN Newswire) - Perth-based clean power company Enerji Limited (ASX:ERJ.AX - News) has progressed with installation of the Opcon Powerbox at the Carnarvon Power Station with testing ...

Oil prices slid on Wednesday, with New York crude hitting the lowest point for more than five months, as the dollar strengthened on eurozone debt strains, analysts said. New York's main contract, West ...

The construction arm of St Hilliers Group has been placed in voluntary administration, throwing into disarray building projects in regional Victoria, New South Wales and the ACT.The company blames the ...

Perth, Australia, May 16, 2012 - (ABN Newswire) - ABM Resources NL (ASX:ABU.AX - News) provides a webcast with Darren Holden, Managing Director in a presentation titled "ABM Resources Old Pirate stage 1 Scoping ...

Sydney, Australia, May 16, 2012 - (ABN Newswire) - Mutiny Gold Limited (ASX:MYG.AX - News) provides the opportunity to listen to audio from John Greeve, Managing Director, synchronised with slides from our current ...

The Australian share market struggled in morning trade, touching a two-month low amid strengthening concerns that Greece would not repay its debts.The country has announced it will hold another round of ...

Perth, Australia, May 16, 2012 - (ABN Newswire) - Padbury Mining Limited (ASX:PDY.AX - News) and Aurium Resources (ASX:AGU.AX - News)("the JV Partners") are pleased to announce more highly encouraging results from …

Dollar Wins its Highest Close Since January 2011, Buckle Up

The Australian dollar has traded in a narrow range after falling sharply overnight on news Greece will face fresh elections.At 1200 AEST on Wednesday the Australian dollar was trading at 99.24 US cents, ...

Sydney, Australia, May 16, 2012 - (ABN Newswire) - Toro Energy Limited (ASX:TOE.AX - News) is pleased to announce new uranium intersections from the 2012 drilling program at its 100% owned Theseus Uranium Project ...

The construction arm of St Hilliers Group has been placed in voluntary administration, throwing into disarray building projects in regional Victoria, New South Wales and the ACT.The company blames the ...

Australian stocks were down close to two per cent at noon with the resources-linked sectors doing it toughest on a day of broad-based declines.At 1203 AEST on Wednesday, the benchmark S&P/ASX200 index ...

Perth, Australia, May 16, 2012 - (ABN Newswire) - Australian-based minerals exploration and development company Alara Resources Limited (ASX:AUQ.AX - News) is pleased to report the results from an ongoing drilling ...

Perth, Australia, May 16, 2012 - (ABN Newswire) - Australian-based minerals exploration and development company Alara Resources Limited (ASX:AUQ.AX - News) (Alara) is pleased to report the results from an ongoing ...

A company building a $350 million expansion of Ararat Prison in central Victoria has gone into liquidation, with the loss of hundreds of jobs.St Hilliers Ararat Pty Ltd was part of a consortium contracted ...

Australian stocks have opened more than one per cent lower amid broad based declines as local market players took their cues from a poor night on Wall Street and ongoing troubles in Europe.At 1028 AEST ...

The Fair Work Ombudsman is continuing its investigation of Queensland's real estate industry.Last year, the ombudsman audited 156 real estate agents and found 52 per cent did not submit written employment ...