Oct 24, 2011 4:52 PM ET
U.S. stocks traded higher in the positive zone after two months of volatility. European leaders promise resolution to debt crisis but also conceded that help from Asia and other regions may be needed to bolster its rescue fund. The euro gained and copper and oil advanced.
Oct 21, 2011 10:47 AM ET
Australian stocks were flat today and for the week gained 1.5% on the optimism that the Europe will increase the size of the rescue fund. Commodities were weak and mining companies closed lower. Qantas and unions were asked to resolve their difference by Prime Minister Gillard.
Oct 19, 2011 9:07 AM ET
Australian stocks closed higher on the hopes that the euro zone rescue fund will be increased in size. BHP Billiton said its iron ore shipments increased 11% in the quarter and impacts of the floods will linger till the end of the year.
Oct 12, 2011 8:07 AM ET
Australian stocks halted a 5-day rally after metals prices declined in overnight trading in world markets. BHP committed $1.2 billion in capital for the first phase of Olympic Dam project that will quadruple copper production. JB Hi-Fi quarterly comparable sales fell 3.5%.