Commodities Market

  • Market edges higher ahead of US jobs data AAP - 3 hours ago

    The share market has closed slightly higher in a see-sawing session ahead of the release of important jobs figures in the US. Many investors were sitting on the sidelines as they waited for US non-farm ...

  • Aust bonds firm ahead of US jobs figures AAP - 3 hours ago

    The Australian bond market is firmer as traders avoid riskier assets ahead of the release of US jobs figures. Local bonds tracked global moves overnight and were reasonably well bid in the afternoon session, ...

  • Strong miners lead market higher AAP - 8 hours ago

    Mining and consumer stocks have steered the share market to higher ground after the ASX benchmark dipped below 5,000 points in early trade. BHP Billiton and Rio Tinto had bounded two per cent higher by ...

  • Qld wants quicker mine objection process AAP - 8 hours ago

    Queensland's government is worried the legal process for objections to mine projects is taking too long. Natural Resources and Mines Minister Anthony Lynham has written to Attorney-General Yvette D'Ath ...

  • Australian shares down in early trade AAP - 9 hours ago

    Australian shares have dipped again in early trade despite gains by the miners and a positive lead from European markets. The benchmark S&P/ASX200 index gained as much as 23.2 points before dropping back as investors cashed in. BHP Billiton was up more than two per cent out of the gate and Fortescue Metals Group showing a similar increase before dropping back amid the selling.

  • Pryme Energy Limited (ASX:PYM) Corporate Update ABN Newswire - 9 hours ago

    Brisbane, Australia, Sep 4, 2015 - (ABN Newswire) - Pryme Energy Limited (Pryme) (ASX:PYM) (OTCMKTS:POGLY) is pleased to announce that during the June 2015 half year the Company more than doubled its oil ...

  • Aust shares open higher AAP - 10 hours ago
    Aust shares open higher

    The Australian share market has opened higher. At 1010 AEST on Friday, the benchmark S&P/ASX200 index was up 10.4 points, or 0.21 per cent, at 5,038.2, while the broader All Ordinaries index was up 8.9 ...

  • Glencore Queensland Ltd. Selects Accenture to Transform Sourcing and Procurement Business Wire - 11 hours ago

    BRISBANE, Australia--(BUSINESSWIRE)-- Accenture (NYSE:ACN - News) has signed a six-year contract with Glencore Queensland Ltd., a subsidiary of Glencore plc, one of the world’s largest diversified natural resource companies, to provide sourcing and procurement services for Glencore’s Australian copper and zinc businesses. It is expected that the contract will deliver cost savings to Glencore of more than USD $300 million over the next six years. Accenture will provide end-to-end sourcing and procurement services and will bring category expertise, cloud-based sourcing, category-management and procure-to-pay tools, as well as market sourcing insights and analytics to help the company maximise procurement and sourcing benefits.

  • Aust bonds up ahead of US jobs data AAP - 11 hours ago

    The Australian bond market is stronger ahead of the release of US jobs figures. The local market tracked global moves overnight, with prices rising modestly. ANZ economists expected a quiet session as ...

  • Anglo American in talks to sell S.Africa platinum mines AFP - 11 hours ago
    Anglo American in talks to sell S.Africa platinum mines

    Mining giant Anglo American has opened talks to sell platinum mines in South Africa to Sibanye Gold, the country's biggest producer of gold, as the platinum industry struggles with falling prices and industrial unrest. South Africa, which produces 70 percent of the world's platinum, was also hit by a damaging five-month strike by 70,000 platinum miners in 2014. "Anglo American Platinum confirms that the company is in discussions with Sibanye in relation to the sale of its Rustenburg operations, which may or may not lead to a transaction," the company said in a statement late Thursday.

  • Business Highlights Associated Press - 12 hours ago

    ___ Why Friday's US jobs report could affect Americans' finances With the Federal Reserve edging into the spotlight, Friday's jobs report for August could trigger eventual changes in Americans' financial ...

  • Commodities markets summary AAP - 12 hours ago

    Oil prices sank along with the euro after the European Central Bank forecast that the eurozone would continue to contract next year and only return to growth in 2014.

  • Federal regulators back keeping Colorado coal mine open Associated Press - 13 hours ago

    Federal regulators have recommended that a northwestern Colorado coal mine threatened with closure partly over its impact on global warming remain open. The Interior Department's Office of Surface Mining ...

  • Australian market set to open higher AAP - 13 hours ago
    Australian market set to open higher

    Australian shares look set to open higher after international markets gained amid respite from volatile Chinese markets, closed for a holiday and ahead of a US jobs market report likely to shape the Federal ...

  • Stillwater Mining Company to Participate in Investor Conferences GlobeNewswire - 14 hours ago

    LITTLETON, Colo. -- Stillwater Mining Company announced today that Mick McMullen, the Company's President and Chief Executive Officer will present at the following investor conferences:

  • Grain lower, livestock mostly higher Associated Press - 14 hours ago

    Grain futures were lower Thursday on the Chicago Board of Trade. Wheat for December delivery fell 13.75 cents to $4.6525 a bushel; December corn was off 6 cents to 3.6150 a bushel; December oats were down ...

  • Labor Day drivers to enjoy lowest gasoline prices since 2004 Associated Press - 16 hours ago
    Labor Day drivers to enjoy lowest gasoline prices since 2004

    It has been more than a decade since U.S. drivers paid so little to fuel up for that last road trip of summer. The national average price of gasoline this Labor Day weekend will be its lowest at this time ...

  • Research and Markets: Industrial Explosives Markets in China 2004-2024 Business Wire - 16 hours ago

    DUBLIN--(BUSINESSWIRE)-- Research and Markets ( http://www.researchandmarkets.com/research/mcdjqf/industrial ) has announced the addition of the "Industrial Explosives Markets in China" report ...

  • Stocks gain; Europe's central bank ready to boost stimulus Associated Press - 16 hours ago
    Stocks gain; Europe's central bank ready to boost stimulus

    U.S. and global stocks were modestly higher Thursday, helped by comments from European Central Bank policymakers, who said they were willing to provide more stimulus to the region's economy, if needed. ...

  • Trustees: groundwater pollution part of PCB damage to Hudson Associated Press - 17 hours ago

    Government trustees assessing harm to the Hudson River from long-term PCB releases highlighted concerns over groundwater contamination in three upriver towns as the massive dredging project nears its end. ...

  • Australian Dollar Likely to Decline until this Changes DailyFX - 18 hours ago

    Australian Dollar Likely to Decline until this Changes

  • New Zealand Dollar Forecast to Decline Further DailyFX - 18 hours ago

    New Zealand Dollar Forecast to Decline Further

  • US Dollar Likely to Hit Fresh Highs versus GBP, AUD, but Watch Euro, JPYs DailyFX - 18 hours ago

    US Dollar Likely to Hit Fresh Highs versus GBP, AUD, but Watch Euro, JPYs

  • British Pound Forecast to Hit Fresh Lows DailyFX - 18 hours ago

    British Pound Forecast to Hit Fresh Lows

  • US Dollar at Risk versus Yen, but Losses Far from Guaranteed DailyFX - 18 hours ago

    US Dollar at Risk versus Yen, but Losses Far from Guaranteed

  • Euro at Clear Risk for Further Declines DailyFX - 18 hours ago

    Euro at Clear Risk for Further Declines

  • Gold Prices Likely to Fall Further DailyFX - 18 hours ago

    Gold Prices Likely to Fall Further

  • Research and Markets: Ethanol Markets in China: Historical data (2004, 2009 and 2014) and long-term forecasts … Business Wire - 20 hours ago

    DUBLIN--(BUSINESSWIRE)-- Research and Markets ( http://www.researchandmarkets.com/research/6vc3cz/ethanol_markets ) has announced the addition of the "Ethanol Markets in China" report to their ...

  • Who wins when crude is far cheaper than gas? CNBC - 22 hours ago
    Who wins when crude is far cheaper than gas?

    The spread between the cost of crude and the average cost of gasoline means more money for refiners and distributors.

  • Hopes for QE Provide Fuel for Asset Prices DailyFX - 22 hours ago

    Hopes for QE Provide Fuel for Asset Prices

  • Rio cuts costs, sticks to steel outlook AAP - Thu, Sep 3, 2015 6:27 PM AEST
    Rio cuts costs, sticks to steel outlook

    Mining giant Rio Tinto is cutting more costs from its iron ore operations and maintaining its forecasts for Chinese steel demand despite growth concerns. Rio expects Chinese steel production to reach around one billion tonnes by 2030, in contrast to rival BHP Billiton, which recently lowered its expectations to between 935 million tonnes and 985 million tonnes in the mid 2020s. Rio's chief executive of iron ore Andrew Harding said the company had achieved productivity gains amid falling prices and market volatility.

  • Mechel Reports Signing Long-Term Deal With Japan's JFE Steel Corporation GlobeNewswire - Thu, Sep 3, 2015 6:00 PM AEST

    NERYUNGRI, Russia -- Mechel OAO (MICEX:MTLR) , one of the leading Russian mining and metals companies, reports signing a three-year agreement for coal supplies with Japan's JFE Steel Corporation, a major ...

  • NAB confirms it will not fund Qld mine AAP - Thu, Sep 3, 2015 5:52 PM AEST
    NAB confirms it will not fund Qld mine

    Environmentalists have opposed the $16 billion project and work has stalled after a Federal Court ruling that there had been a loophole in Environment Minister Greg Hunt's approval. NAB would not confirm whether Indian mining giant Adani had asked it for cash but a spokesperson said environmental concerns were among criteria the lender looked at when deciding whether to fund projects.

  • $A dragged down by weak retail spending AAP - Thu, Sep 3, 2015 5:32 PM AEST

    The Australian dollar is lower following the release of disappointing retail trade numbers. FXCM currency strategist Ilya Spivak said the Aussie dollar faced heavy selling pressure after the downbeat data. At 1700 AEST, the Australian dollar was at 84.45 Japanese yen, up from Wednesday's close of 84.29 yen, and at 62.51 euro cents, up from 62.24 euro cents.

  • GBP/JPY Technical Analysis: Looking to Confirm Key Reversal DailyFX - Thu, Sep 3, 2015 5:31 PM AEST

    GBP/JPY Technical Analysis: Looking to Confirm Key Reversal