News Archive - Page 460 of 1421

03:02 AM

Fri 09 May. 2025

The share market is flat at noon, as the biggest stocks were hit by weak manufacturing data from China and concerns about emerging markets.

Northern Territory rare earths miner Arafura has cancelled plans for a new plant, saving more than $400 million.

The Australian stock market is flat despite data showing the US economy grew as expected in the fourth quarter.

David Jones rebuffed a secret $3 billion merger proposal from Myer in 2013, but the department store remains a possible takeover target.

At the closing bell on Thursday, the Dow Jones Industrial Average jumped 109.43 (0.70 per cent) to 15,848.22.

Overseas factors have dragged down the Australian and regional share markets.

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