Dec 30, 2015 7:54 AM ET
Australian stock markets extended gains for the ninth day in a row in the final week of 2015. Byron Energy Ltd completed $4.5 million stock offering to finance Gulf of Mexico expansion. Hills Limited financial facility was reduced by half.
Dec 24, 2015 7:08 AM ET
Australian market indexes gained and extended weekly gain to 3.4%. Australian dollar edged higher to 72.52 U.S. cents and gold and crude oil bounced from the recent lows. Real estate software developer Onthehouse soared on a takeover offer.
Dec 15, 2015 8:31 AM ET
ASX 200 declined for the sixth day in a row after Australia''s government said its budget deficit would deteriorate. The Reserve Bank of Australia kept its interest rates unchanged at 2%. Rio Tinto said it plans to invest $4.4 billion in Mongolian copper mine.
Dec 09, 2015 10:59 AM ET
Europe extended losses on concerns about growth in China and pressure from commodity stocks. Alternative Networks net soared 42%. Stagecoach tumbled after profit declined 7% and earnings forecast deteriorated. Xchanging agreed to be acquired by Computer Sciences Corp.
Dec 09, 2015 8:34 AM ET
Australian markets extended losses as overall commodity prices test new seven-year lows. Consumer confidence index fell 0.8% in December and the total number of home loans in October dropped 0.5%.
Dec 08, 2015 8:41 AM ET
Australian markets struggled after a steep slide in oil and iron ore prices. Rio Tinto cut its forecasted capex for a third time this year. Woodside Petroleum terminated its $11.6 billion takeover proposal for rival Oil Search.
Dec 07, 2015 7:35 AM ET
ASX 200 recorded marginal gains after the decline of oil prices dragged down energy stocks. Broadspectrum surged 48% after the Spain-based infrastructure group Ferrovial launched a hostile takeover bid worth $715 million. Graphitecorp tumbled 13% on its trading debut.