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The Australian market closed at a 20-month peak driven by strong gains for high yielding stocks. At the close on Thursday, the benchmark S&P/ASX200 index was up 22.4 points, or 0.47% at 4,810.2..
Miner Fortescue Metals Group does not expect to pay the Minerals Resource Rent Tax (MRRT) this financial year while iron ore prices recover from hefty falls in 2012. The federal government's 30% ta..
New building activity in Australia could struggle to gain momentum early this year following an industry study showing a fall in residential land sales. The Housing Industry Association (HIA) resid..
Fortescue Metals Group believes it can keep a lid on costs as it continues to offload assets and ramp up its expansion plans.Despite a recent recovery in the iron ore price, the heavily indebted iron ..
Stocks to watch on the Australian stock exchange at noon on Thursday: FMG - FORTESCUE METALS GROUP LTD - steady at $4.66 Fortescue is due to release its second quarter production report on Thurs..
The Australian market is flat in early trade despite strong earnings results in the US leading to overnight gains on Wall Street. At 1021 AEDT on Thursday, the benchmark S&P/ASX200 index was do..
OZ Minerals shares have dropped 5.6% after it forecast falling copper production and rising costs at its ageing Prominent Hill open cut mine in South Australia. The share price fall wiped out gains..
Buoyed by strong earnings results in the technology sector and progress in the Washington fiscal budget debate, US stocks have closed higher. The Dow Jones Industrial Average on Wednesday rose 67.1..
