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Iron Ore Holdings plans to buy back 10% of its shares

Kerry Stokes-backed iron ore explorer Iron Ore Holdings will seek to repurchase up to 10 per cent of its shares and will then cancel them.

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PNG earthquake causes a shutdown at Newcrest mine

Gold miner Newcrest suspended operations at the Hidden Valley mine in Papua New Guinea as a precuationary measure following an earthquake.

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Commodities prices slump

Commodities news from around the world

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US, European stocks tumble

News from the world’s major stock markets

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France says losing triple-A rating won’t be ‘a cataclysm’

French officials are preparing the ground for a ratings agency to decide the nation's public finances no longer merit a perfect debt rating.

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Westpac warns it may not follow RBA rate cuts in 2012

Banks unlikely to pass on in full any further interest rate cuts by the RBA because of funding pressures caused by the European debt crisis, says Westpac

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