The $7.7 billion Gladstone liquefied natural gas (GLNG) project of Santos and Petronas in Queensland is expected to create a huge number of jobs for the region.
Read more about Santos Limited (STO) and Petronas’ project expected to create jobsAustralian stocks fell to a three-week low on Thursday as weaker commodity prices and disappointing results and outlooks from three resources companies and coal-to-retail conglomerate Wesfarmers (WES) stoked selling.
Mining and energy stocks were the biggest drag on the market,…
Read more about ASX Stock Market Wrap 4-22-10Locally, the ASX 200 closed 0.2% stronger at 4925.8, off session highs of 4944. Investor fears subsided after the initial reaction to the Goldman’s scandal, with the heavy weight financials, industrial, materials and energy sectors contributing most…
Read more about ASX Stock Market Wrap 4-20-10The Australian share market closed lower on Monday taking its lead from United States markets, which fell after Wall Street’s most powerful firm, Goldman Sachs & Co, was accused by the US government of misleading investors.
Investors also…
Read more about ASX Share Market Wrap 4-19-10In Australia, yesterday’s ASX 200 journey above the 5000 level turned out to be short lived with markets falling from the opening bell, closing 0.3% softer at 4984, but off the lows of the session. With the…
Read more about Australian Stock Market Wrap 4-16-10The Australian share market regained some ground today, with energy and mining stocks in focus on renewed takeover activity in the coal sector. The All Ordinaries Index (XAO) rose 12.6pts or 0.3pct to 4972.9 while the S&P/ASX 200 Index…
Read more about ASX Share Market Wrap 4-9-10Positive offshore leads and an interest rate hike pushed the local market higher today. The All Ordinaries Index (XAO) rose 48.2pts or 1pct to 4974.1 while the S&P/ASX 200 Index (XJO) firmed by 46pts or 0.9pct…
Read more about ASX Stock Market Wrap 4-6-10The Australian stock market moved lower today, due to disappointing economic data and as investors started to close positions ahead of the extended Easter weekend. The All Ordinaries Index (XAO) lost 33.7pts or 0.7pct to 4893.1 while…
Read more about ASX Market Wrap 3-31-10