Commodities Market

  • Warren Resources Announces Year-End 2014 Reserves GlobeNewswire - 43 minutes ago

    NEW YORK -- Warren Resources, Inc. ("Warren" or the "Company") today announced its year-end 2014 estimated proved oil and gas reserves.

  • Rio Tinto to Partner with IGATE to Develop Its Analytics Excellence Centre in India Business Wire - 1 hour 47 minutes ago

    BRIDGEWATER, N.J.--(BUSINESSWIRE)-- IGATE Corporation (IGATE or the Company) (NASDAQ:IGTE - News), the New Jersey-headquartered integrated technology and operations solutions provider, today announced its further partnership with Rio Tinto, a leading global mining and metals company, to develop their Analytics Excellence Centre in Pune, India to support the global growth and development of Rio Tinto’s industry-leading Mine of the Future™ programme. In the first partnership of its kind in the mining industry, IGATE will provide Rio Tinto with analytical capabilities to identify opportunities for enhancing efficiency and productivity across Rio Tinto managed operations.

  • Nevada Sunrise JV Partner Pilot Gold Reports 6.15 G/T Gold Over 7.6 Metres in New Area at Kinsley Mountain, … GlobeNewswire - 2 hours 0 minutes ago

    VANCOUVER, British Columbia -- Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") is pleased to announce that Pilot Gold Inc. ("Pilot Gold") has reported ...

  • Philippines suspends oil, gas exploration in disputed waters Associated Press - 3 hours ago

    The Philippine government has ordered the suspension of all exploration at an offshore oil and gas field because of an ongoing territorial dispute with China, a Filipino-British company said. Oil and gas ...

  • Rates on hold but another cut is likely AAP - 7 hours ago
    Rates on hold but another cut is likely

    Borrowers anticipating cheaper mortgages needn't give up hope just yet, with the Reserve Bank indicating another rate cut is a very firm possibility. The central bank defied expectations by keeping rates on hold at 2.25 per cent, deeming it appropriate to "hold interest rates steady for the time being" following February's 25 basis point cut. RBA governor Glenn Stevens made it clear that another rate cut could be on the cards. David de Garis, senior economist at National Australia Bank - the only one of the big four banks to predict Tuesday's decision - said that was a clear signal the RBA is considering another cut.

  • ABM Resources NL (ASX:ABU) Dispatch of Non-Renounceable Offer Document ABN Newswire - 7 hours ago

    Perth, Australia, Mar 3, 2015 - (ABN Newswire) - As previously announced on 19 February 2015, ABM Resources NL (ASX:ABU) is seeking to raise up to approximately $7.7 million (before the payment of costs ...

  • GLOBAL BIOENERGIES reports first isobutene production from waste biomass GlobeNewswire - 7 hours ago

    EVRY, France -- Global Bioenergies (Alternext Paris - ALGBE) announces today having produced "second generation" isobutene, in a push to diversify accessible feedstock towards cheaper resources....

  • $A higher as RBA holds fire AAP - 8 hours ago

    The Australian dollar surged after the Reserve Bank surprised the market by not cutting the cash rate for a second straight month. Westpac chief currency strategist Robert Rennie said the Australian dollar's surge was limited because there is still a strong chance of a rate cut in the coming months. "The easing bias was arguably the key factor capping further gains in the Australian dollar," he said. The RBA's inclination to cut the cash rate in the future should prevent the Australian dollar from getting above a region between 78.50 US cents and 79 US cents, Mr Rennie said.

  • ADX Energy Limited (ASX:ADX) Receives Funds From Gulfsands Settlement ABN Newswire - 8 hours ago

    Perth, Australia, Mar 3, 2015 - (ABN Newswire) - In accordance with the settlement reached between ADX Energy Ltd (ASX:ADX) (OTCMKTS:ADXRF) and Gulfsands Petroleum plc ("GPX") which was previously ...

  • Confidence may lift with house prices: ANZ AAP - 8 hours ago

    Cheap petrol didn't do it, lower interest rates didn't work either and now it's hoped that a resurgence in house prices will lift consumer confidence. Confidence rose 1.5 per cent last week, according to the ANZ/Roy Morgan consumer confidence survey on Tuesday, but it's still too early to tell if the lift will be sustainable, given lower interest rates and petrol prices had failed to provide a boost, ANZ chief economist Warren Hogan said.

  • Shock rate call hits share market AAP - 8 hours ago

    The share market has fallen from its seven year high after the central bank unexpectedly left the cash rate on hold. Investors had been gearing up for the market to break through the 6,000 point mark for the first time since early 2008, but the interest rate decision led to a sell off, IG market analyst Chris Weston said. The Reserve Bank left the cash rate unchanged at 2.25 per cent, but said "further easing of policy may be appropriate over the period ahead". Resources companies were the key area of weakness, with BHP Billiton down 58 cents to $33.54, Rio Tinto down 80 cents to $64.80 and Fortescue Metals three cents weaker at $2.42.

  • Aussie Dollar Soars as RBA Withholds Rate Cut, NZ Dollar Gains on Data DailyFX - 8 hours ago

    Aussie Dollar Soars as RBA Withholds Rate Cut, NZ Dollar Gains on Data

  • Bonds weaken after RBA meeting AAP - 9 hours ago

    The Australian bond market is weaker after the Reserve Bank's surprise decision not to cut the cash rate. The Reserve Bank said it was appropriate to hold the rate unchanged after cutting it to 2.25 per cent in February. Nomura head of macro products Jon Linton said bond prices only dropped a little because another rate cut is definitely on the cards. Mr Linton said there is no significant data ahead of Wednesday's economic growth figures, but added it will be interesting to see how overseas markets react to the RBA's surprise decision.

  • Share market's charge halted by RBA AAP - 9 hours ago

    The share market's push toward a 6,000-point milestone has been halted by Reserve Bank's surprise decision to leave interest rates on hold. "The market would definitely be somewhat disappointed by the RBA's decision not to back up the February cut," Australian Stock Report head of research Chris Conway said. The big four banks were all higher before the RBA's announcement at 1430 AEDT, but that quickly changed, with Commonwealth Bank National Australia Bank, Westpac and ANZ all ending the day in negative territory.

  • Share market closes lower as rates on hold AAP - 9 hours ago

    The Australian share market has closed lower, retreating after the central bank left the cash rate on hold. IG market analyst Chris Weston said investors had been gearing up for the market to trade through ...

  • Aust shares close lower AAP - 9 hours ago

    The Australian share market has closed lower, retreating after the Reserve Bank held the official interest rate at 2.25 per cent. At the close on Tuesday, the benchmark S&P/ASX200 index was 25.0 points, ...

  • Stocks to watch at close on Tuesday AAP - 9 hours ago

    Mining giant BHP Billiton has been given until 2016 to go ahead with the expansion at the Olympic Dam mine in South Australia.

  • Pink diamond lovers flock to new gold coin AAP - 10 hours ago

    Pink diamond lovers are itching to show off a new gold coin worth almost $9,000. The Perth Mint says demand is strong for its limited edition two ounce (56 gram) coin which features a handset Argyle pink diamond representing a sun setting over a boab tree in the Kimberley region of Western Australia. Perth Mint wholesale manager Neil Vance said the mint had already received 150 orders for the coins from local and overseas collectors in the United States and Asia. "The main attraction is it's very rare and it's the first time we've used Argyle diamonds in a new coin," Mr Vance told AAP.

  • Gold Stalls Near 1200, SPX 500 Remains Locked in Range DailyFX - 10 hours ago

    Gold Stalls Near 1200, SPX 500 Remains Locked in Range

  • Share market retreats as rates stay put AAP - 11 hours ago

    The share market has fallen after the Reserve Bank of Australia left interest rates on hold. The big banks were all weaker, with Commonwealth Bank falling by 63 cents to $91.92, National Australia Bank shedding six cents to $38.26, ANZ down seven cents to $35.63 but Westpac gaining one cent to $38.30.

  • Reserve Bank keeps interest rates on hold at 2.25 per cent ABC - 11 hours ago

    The Reserve Bank has resisted pressure to cut the official interest rate again, though the decision has done nothing to dampen expectations that another cut is around the corner. "The board judged that, having eased monetary policy at the previous meeting, it was appropriate to hold interest rates steady for the time being," RBA governor Glenn Stevens said in his statement on the decision. "We continue to favour May as the most likely timing for the next cut in the cash rate," St George Bank senior economist Hans Kunnen said before the RBA's decision was announced.

  • US Dollar Technical Analysis: Range Top Threatened Anew DailyFX - 12 hours ago

    US Dollar Technical Analysis: Range Top Threatened Anew

  • Oil market gains ground AFP - 12 hours ago
    Oil market gains ground

    Global oil prices rose Tuesday but gains were limited as dealers sat on the sidelines eyeing negotiations aimed at ending a strike at some US crude refineries, analysts said. European benchmark Brent North Sea crude for April delivery won $1.22 to $60.76 a barrel in London midday deals. New York's West Texas Intermediate (WTI) for April added 71 cents to $50.30 a barrel. Talks to settle a strike by workers at three major US refineries operated by Royal Dutch Shell are set to restart Wednesday following a stalemate on February 20.

  • Aussies overpaid, hard to fire: economist AAP - 12 hours ago
    Aussies overpaid, hard to fire: economist

    Bob Baur, chief global economist at Principal Global Investors, says the local labour market is in need of reform if the economy is going to shift from its dependance on mining for growth. Dr Baur says Australia needs to start making things again, and exporting its services, like education. "The best thing for Australia would be some significant economic reform in terms of maybe loosening up the labour market and making it easier for businesses to take on workers or let workers go in difficult times," Dr Baur told AAP. Dr Baur said Australia needed to follow the footsteps of the US, where manufacturing was thriving again after having lost six million jobs through the 90s and noughties to the cheaper labour markets of China and India.

  • $A hovering ahead of RBA decision AAP - 13 hours ago

    The Australian dollar continues to hover as investors wait to see whether the Reserve Bank cuts interest rates to a new record low. At 1200 AEDT on Tuesday, the local currency was trading at 77.65 US cents, down from 77.76 cents on Monday. Commonwealth Bank currency strategist Joseph Capurso said the market was waiting for the RBA's 1430 AEDT rates decision. Commonwealth Bank, ANZ, Westpac and AMP Capital are among those forecasting a March cut, with the general consensus being the RBA tends to deliver reductions in pairs.

  • GBP/USD Technical Analysis: Key Channel Support Broken DailyFX - 13 hours ago

    GBP/USD Technical Analysis: Key Channel Support Broken

  • Banks lead Aust market higher AAP - 13 hours ago

    The Australian share market is trading higher on the back of expectations of another cut to interest rates, but has eased back on its run towards the 6,000 point mark. The benchmark ASX 200 index has not been at 6,000 points since January 2008, during the global financial crisis. Investors are speculating that the Reserve Bank of Australia will cut the cash rate to a new record low of 2.00 per cent in an announcement on Tuesday afternoon. "I suspect there is a little bit of buy the rumour going on - the rumour of the rate cut," OptionsXpress market analyst Ben Le Brun said.

  • USD/CAD Technical Analysis: Stuck in Familiar Territory DailyFX - 13 hours ago

    USD/CAD Technical Analysis: Stuck in Familiar Territory

  • AUD/USD Technical Analysis: Range Support Back in Focus DailyFX - 14 hours ago

    AUD/USD Technical Analysis: Range Support Back in Focus

  • NZD/USD Technical Analysis: A Top in Place Above 0.76? DailyFX - 14 hours ago

    NZD/USD Technical Analysis: A Top in Place Above 0.76?

  • Glencore back to profit despite plunging commodity prices AFP - 14 hours ago
    Glencore back to profit despite plunging commodity prices

    Mining and commodities giant Glencore was back in the black in 2014, posting a $2.3 billion net profit, but took a $1.1 billion impairment charge on dwindling commodity prices, it said Tuesday. The merger with Xstrata and integration of Canadian company Viterra meanwhile helped boost Glencore's trade, and the company said its adjusted earnings before interest, taxes, depreciation and amortisation, swelled 18 percent to $2.8 billion. Glencore warned last month that because of "volatile" market conditions, it aimed to slash its spending this year to $6.5-6.8 billion, down from the $7.9 billion announced to investors in early December. Glencore, which has a heavy footprint in copper, coal and oil, as well as in the agriculture commodities sectors, also said it aimed to reduce its coal mine activities in South Africa and in Australia.

  • GBP/JPY Technical Analysis: Flat-Lining Below 185.00 Mark DailyFX - 14 hours ago

    GBP/JPY Technical Analysis: Flat-Lining Below 185.00 Mark

  • EUR/JPY Technical Analysis: Short Trade Remains in Play DailyFX - 14 hours ago

    EUR/JPY Technical Analysis: Short Trade Remains in Play

  • Sharemarket edges closer to 6,000 mark AAP - 15 hours ago

    Most economists surveyed by the AAP expect the Reserve Bank to cut the cash rate to a new record low of 2.00 per cent when it meets on Tuesday. "There's generally a view ... that GDP's (gross domestic product's) going to be fairly soft," he said. Among the major banks, Commonwealth Bank had lifted 56 cents to $93.11, National Australia Bank had gained 21.5 cents to $38.535, ANZ was up 20 cents at $35.90 and Westpac was 50 cents higher at $38.79.

  • Triton Minerals Limited (ASX:TON) Corporate Presentation for PDAC2015 ABN Newswire - 15 hours ago

    Perth, Australia, Mar 3, 2015 - (ABN Newswire) - Triton Minerals Limited (ASX:TON) Corporate Presentation for the Prospectors and Developers Association of Canada Convention 2015. Highlights: - Nicanda ...