News Archive - Page 1227 of 1421

17:26 PM

Fri 16 May. 2025

News from the world’s major stock markets

Australian stocks end at their highest point for five weeks after positive data from China and better-than-expected miner data boost risk appetite.

The expansion in the world's second-largest economy was the slowest in 30 months, but December retail sales and factory output accelerated.

South Korea's largest conglomerate says it will invest a record $40.42 billion and hire 26,000 new workers despite the global economic gloom.

Fortescue Metals says it will find enough customers to buy 155 million tonnes of iron ore it will produce from 2013

Analysts predict Rio Tinto will next month book a record $US15.8 billion full year profit, but softer iron ore prices may prompt lower expectations.

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