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Gold has risen nearly two per cent, after dropping for four of the previous five sessions, as a weaker US dollar and falling equity markets underpinned demand for assets perceived as safer.
Mining giant BHP Billiton will write down the value of its onshore US oil and gas assets by more than 30 per cent as it factors in the slump in crude oil prices.
The Australian share market has opened higher, driven by resource and financial stocks after a strong performance on Wall Street as the US earnings season got off to a strong start.
Gold has fallen sharply to a one-and-a-half-week low, pressured by a US Federal Reserve president's comments about potentially rethinking further rate hikes, triggering technical sell signals while
Dick Smith's fate may not be decided for another six months, with administrators set to apply for more time to investigate the downfall of the electrical retailer.
Northern Star Resources and Regis Resources have capped off a positive first half of the financial year for gold miners, with December quarter results released today.
Perth-based conglomerate Wesfarmers is poised to make its first major move outside Australasia, offering $A700 million to acquire the Homebase home improvement chain in the UK and revealing plans to develop a new Bunnings-branded business in that market.
US stocks have sold off sharply as a brief rally in beaten-down oil prices stalled after US data added to concerns about an oversupplied energy market.
Australia's biggest iron ore miners are expected to slash dividends next month as the price of the steel-making commodity dropped to $US40 a tonne overnight.
Sundance Resources’ hopes of developing its Mbalam-Babeba iron ore project in Cameroon have been dragged out further, with delays to construction of port and rail infrastructure.
Mining services contractor Sedgman has told its shareholders to take no action towards CIMIC Group’s $153.1 million offer for all the shares it doesn’t already own in the business.
A late rebound in energy and biotech shares has helped push the S&P 500 to a second straight day of gains, while Apple and other technology shares also boosted the market.
The Australian share market has closed in negative territory for its eighth consecutive session, as energy stocks tumbled amid fears of further oil price falls.
Dick Smith chief executive Nick Abboud has quit the troubled electronics retailer, which has gone into into receivership with debts of about $390 million.