The Australian share market neared a fresh three-month low, hitting its lowest close since November 5. The market ended last month 6.2 per cent lower than where it started the new year, and it has entered February another 1 per cent lower.
Archive for January, 2010
Market closes 1pc lower as investors remain nervous
Sunday, January 31st, 2010
The Australian share market continued its sell-off from Friday, falling one per cent amid fresh concerns about the Chinese economy and nervousness over the domestic profit-reporting season.
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Market falls 1% on earnngs season
Sunday, January 31st, 2010
The Australian share market continued its sell-off from Friday, falling 1 per cent amid fresh concerns about the Chinese economy and nervousness over the domestic profit-reporting season. At 1615 AEDT, the benchmark S&P/ASX200 index was down 45.
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Stocks rebound after Friday’s sell-off
Sunday, January 31st, 2010
The Australian share market had edged into positive territory mid-morning, as the market reversed some of Friday's losses. At 1200 AEDT, the benchmark S&P/ASX200 index was up 9.7 points, or 0.21 per cent, at 4,579.
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Boom wins $20m Pilbara Rio contract
Sunday, January 31st, 2010
Boom Logistics has secured a three-year contract to supply cranes and associated services to Rio Tinto's iron ore operations in Western Australia, with two three-year options to extend.
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Perry new VDM Group chief executive
Sunday, January 31st, 2010
VDM Group has today appointed former Brandrill managing director Ken Perry as its chief executive, taking over from Jim Van Der Meer who will retain his executive director position.
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Local market dips at open
Sunday, January 31st, 2010
The Australian share market opened slightly lower today after US stocks and commodities declined on Friday night. At 1014 AEDT, the benchmark S&P/ASX200 index had lost five points, or 0.11 per cent, at 4,564.
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Australian Pump Industries releases the Aussie Raptor HD hydro blaster
Sunday, January 31st, 2010
The Aussie Raptor HD hydro blaster is suitable for use in minesites Australian Pump Industries has released the Aussie Raptor HD hydro blaster, which is suitable for use in minesites and construction sites.
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DJ China Baosteel, Mills Talk To Iron Ore Miners In Singapore -Report
Sunday, January 31st, 2010
Representatives from Baosteel Group Corp. and Wuhan Iron and Steel Group, among other Chinese steel mills, have gone to Singapore for "interaction" with the world's top three miners on 2010 iron ore benchmark prices, a China Times report said Monday.
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Davao mining industry group to study gold mines in Australia
Sunday, January 31st, 2010
Australia has been chosen as the destination of a benchmarking mission to be undertaken by the mining industry cluster group here, headed by chairman George Tagawa, representing small miners in the Davao region.
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