Jun 26, 2013 8:36 AM ET
Australian stocks rebounded after China’s credit crunch eased. Australian dollar hovered near 92 cent level after dropping near the yearly low. Australian government estimated 14% increase in metals and mineral exports in next financial year.
Jun 19, 2013 8:31 AM ET
Australian stocks closed higher but the dollar struggled as iron ore prices remained weak in international trading. Rio Tinto eliminated 500 middle management positions in its iron ore division.
Jun 17, 2013 8:47 AM ET
Australian market indexes gained 0.7% after banks led the turnaround in the market sentiment but resource sector stocks lagged. Australia’s second largest miner priced $3 billion of fixed and floating rate bonds.
Jun 11, 2013 9:30 AM ET
Australian stocks closed higher but the weakness in resource sector dragged the market sentiment. Mining industry capital expenditure index hit a new low in a decade in April, according to a private survey. Virtus Health soared on first day of trading.