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BHP Billiton is promoting its spin-off company South32 as a diversified business with high quality assets, sufficient cash flow to support healthy dividends and a strong balance sheet able to fund new investments.
The Australian dollar is marginally weaker as disappointing American factory data dents the greenback ahead of the US Federal Reserve's monetary policy meeting.
Gold has fallen, trading just above its lowest level in more than three months, due to stronger European shares and expectations that this week's Federal Reserve meeting could hint at the timing of any hike in US interest rates.
Gold has fallen, trading just above its lowest level in more than three months, due to stronger European shares and expectations that this week's Federal Reserve meeting could hint at the timing of any hike in US interest rates.
The share market has started the week on the backfoot as cautious investors sit on the sidelines in the lead up to this week's US Federal Reserve meeting.
Gold has pared early gains, on track to break a nine-day streak lower despite the US dollar's extended rally as the precious metal market appeared reluctant to extend losses ahead of the US Federal Reserve meeting next week.
The share market has been dragged lower by the big banks and miners, while internet provider TPG Telecom shone due to its $1.4 billion takeover deal with iiNet.
Cyclone Olwyn passed over Barrow Island last night but left in its wake controversy over safety on the island, with unions criticising preparations for the cyclone, which hit one day after a worker
Wall Street stocks have snapped a two-day losing streak, surging after big US banks cleared Federal Reserve stress tests and the dollar retreated from a 12-year high.
Gold has steadied as a retreat in the US dollar from 12-year highs arrested its eight-session slide, although speculation that US interest rates could rise sooner rather than later kept prices under pressure.
The share market has enjoyed its best gains in almost a month due to jobs figures that were good, but not too good to scuttle an expected Reserve Bank rate cut.
Mining billionaire Gina Rinehart has lashed state and federal governments for imposing too many costs on the mining sector amid a commodity price downturn.