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Your Brief Correlation Study of Major Mining Stocks Last Week

The iShares MSCI Global Gold Min (RING) and the VanEck Vectors Junior Gold Miners (GDXJ) have seen YTD (year-to-date) gains of 6.4% and 9%, respectively.

  • Labor to tax, LNP to cut for poll promises
    Finance
    AAP

    Labor to tax, LNP to cut for poll promises

    Labor will slug the top end of town with four new taxes while the LNP will slash funding from Brisbane's Cross River Rail to pay for election promises and halt Queensland's ballooning debt. Two days out from the state election, both Labor Treasurer Curtis Pitt and shadow treasurer Scott Emerson

  • MP defies Turnbull on bank inquiry
    Finance
    AAP

    MP defies Turnbull on bank inquiry

    Malcolm Turnbull is facing further defiance from his backbench with Nationals senator Barry O'Sullivan circulating draft laws to set up an inquiry into the banks. While the prime minister has long rejected calls for a royal commission into the banks, Senator O'Sullivan has handed his bill to

  • Pokies debate for Woolies as Amazon looms
    Finance
    AAP

    Pokies debate for Woolies as Amazon looms

    Woolworths chairman Gordon Cairns has said he doubts $1 bet limits on poker machines will help problem gamblers, after facing questions about the supermarket giant's gaming business. The veteran retailer, facing shareholders at Woolworths' annual general meeting, also addressed the looming arrival

  • Finance
    AAP

    Victorian power station sale worth $1bn

    A coal-fired power station which employs more than 150 people in regional Victoria has been sold in a deal worth more than $1 billion. The Loy Yang B power station in the Latrobe Valley has been bought by Alinta Energy, owned by a Hong Kong-based company, with the conditional agreement announced on

  • Finance
    AAP

    Victorian coal-fired power station sold

    A coal-fired power station in regional Victoria, which provides 17 per cent of the state's energy, has been sold in a deal worth more than $1 billion. The Loy Yang B power station in the Latrobe Valley has been bought by Alinta Energy, owned by a Hong Kong-based company, with the conditional agreement

  • Market steady as banks fall, miners rise
    Finance
    AAP

    Market steady as banks fall, miners rise

    The share market has closed flat as gains in the resources sector were offset by falls by the banks and consumer related stocks. The benchmark S&P/ASX200 stock index was down 0.2 points at 5,986.2 points. ...

  • Lew showdown looms at Myer AGM
    Finance
    AAP

    Lew showdown looms at Myer AGM

    Myer's annual general meeting is shaping up as a public showdown between the board of the beleaguered department store chain and retail veteran Solomon Lew. Mr Lew has called on his fellow shareholders to join him in voting against of all Myer's resolutions in Melbourne on Friday as a protest

  • Finance
    AAP

    Stocks to watch

    Stocks to watch on the Australian stock exchange: AHG - AUTOMOTIVE HOLDINGS GROUP - up 24 cents, or 6.9 per cent, at $3.70 The car dealership group is selling its refrigerated logistics business to China's ...

  • Finance
    AAP

    AHG soars on refrigerated logistics sale

    Shares in Automotive Holdings Group have jumped seven per cent after the company announced the sale of its refrigerated logistics business to China's HNA Group in a $400 million deal. The car and truck dealership owner said HNA subsidiary CC Logistics will pay $280 million in cash and assume $120

  • Finance
    AAP

    Primary Health flags increase in costs

    Pathology and medical centre operator Primary Health Care says the opening of new centres and investments in new technology and businesses will dent its performance in the current financial year. Chief executive Malcolm Parmenter told the company's annual general meeting that the opening of four

  • Coca-Cola Amatil's spending hits shares
    Finance
    AAP

    Coca-Cola Amatil's spending hits shares

    Shares in Coca-Cola Amatil have hit their lowest level in almost a decade after the drinks distributor warned its earnings will be impacted by $40 million of spending aimed at driving growth in its Australian drinks business. Managing director Alison Watkins said on Wednesday that $40 million of investments

  • Poker machine debate dominates Woolies AGM
    Finance
    AAP

    Poker machine debate dominates Woolies AGM

    Woolworths chairman Gordon Cairns doubts $1 bet limits on poker machines will help problem gamblers. The supermarket giant is one of Australia's largest poker machine operators, through its ownership of more than 330 hotels. Shareholders and anti-gambling advocates peppered Mr Cairns with questions

  • Finance
    AAP

    Vic gambling harm clean up costs billions

    The price of picking up after Victoria's lucrative gambling business has been estimated in the billions and problem punters aren't the main culprits. The Central Queensland University research, commission ...

  • Howard likens bank inquiry to socialism
    Finance
    AAP

    Howard likens bank inquiry to socialism

    Former prime minister John Howard has weighed in on the banking royal commission issue, likening it to "rank socialism". "I would be staggered if the coalition proposed a banking royal commission, that is rank socialism," Mr Howard told Sky News on Thursday. Nationals MP George

  • Waiting on perfect dumplings in Taipei
    Finance
    AAP

    Waiting on perfect dumplings in Taipei

    My new friend had travelled from the south of Taiwan to its capital Taipei to stand in this line - not for a new smartphone or concert tickets, but for something most Taiwanese people eat every day - dumplings. The owner branched out to sell dumplings and noodles from this shop on Xinyi road in Taipei

  • Finance
    AAP

    South32 issues warning on rising costs

    Diversified miner South32 has again issued a warning about cost pressures, saying it expects raw material input prices to rise across the industry. The company has said its unit costs were tracking to plan by the end of its first fiscal quarter, but has previously warned that rising raw material costs

  • Global investigations into Uber hack begin
    Finance
    AAP

    Global investigations into Uber hack begin

    Governments around the world have launched investigations into Uber after the ride-sharing service disclosed it had covered up a breach that exposed data on millions of customers and drivers, the latest scandal to rock the ride-hailing firm. Authorities in Britain, the US, Australia and the Philippines

  • Government in fresh push for trade deals
    Finance
    AAP

    Government in fresh push for trade deals

    Australia is aiming to have free trade agreements with countries that account for more than 80 per cent of trade by 2020, under a new foreign policy blueprint. The goal was included in the first foreign policy white paper in 14 years launched by Prime Minister Malcolm Turnbull, Foreign Minister Julie

  • Finance
    AAP

    Tab-Tatts merger benefits all: Tribunal

    The proposed $11 billion merger of gaming giants Tabcorp and Tatts Group is likely to increase competition and will benefit customers and the racing industry, the Australian Competition Tribunal (ACT) says. In its reasons for approving the proposed merger a second time last week, the ACT rejected contentions

  • Finance
    AAP

    Gambling harm costs Vic billions each year

    The social toll of gambling is costing Victoria $7 billion a year and mainly doesn't affect problem punters, an Australian-first study shows. The Central Queensland University research, funded by the Victorian Responsible Gambling Foundation, calculated the cost of gambling harm for 2014-15. "

  • Finance
    AAP

    Brexit and the City: The dining room view

    In a former bank building just across from the Bank of England in London, the glass-domed 1 Lombard Street restaurant offers a taste of the financial district's mood. After the global financial crisis in 2008, the plush eatery found its banker and lawyer clientele spent and lunched less. Reuters

  • Tech giant brings jobs boom to Geelong
    Finance
    AAP

    Tech giant brings jobs boom to Geelong

    Geelong is set for a tech jobs boom with an international giant setting up shop in the regional city, promising to create 500 new jobs. LiveTiles, established by Melburnians, will add the new Geelong hub to its collection of offices in New York, London and Los Angeles, creating 500 new tech jobs in

  • Young job seekers lack interest in mining
    Finance
    AAP

    Young job seekers lack interest in mining

    Gold miner Evolution Mining says the industry desperately needs to make mining more attractive to younger job seekers to deter them heading to the likes of Facebook and Google. Chairman Jake Klein says the industry faces a dwindling number of new miners, with just eight mining engineering enrolments

  • Mining, energy gains offset by bank shares
    Finance
    AAP

    Mining, energy gains offset by bank shares

    The Australian share market was flat at midday as weakness in the big banks offset gains among the big miners and energy firms. The benchmark S&P/ASX200 index was down 5.6 points, or 0.09 per cent, at ...

  • Costings out 40 hours before Qld votes
    Finance
    AAP

    Costings out 40 hours before Qld votes

    LNP leader Tim Nicholls has defended giving Queensland voters just 40 hours to fully digest how his party will pay for its election promises. Shadow Treasurer Scott Emerson will explain where their money is coming from when he releases the LNP's costings at 4pm on Thursday (AEST), 40 hours before