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Delivery Of Coal-Mine From Port Of Newcastle Surged 25%
Newcastle Port Corp website showed, the world’s largest coal export terminal, surged to 2.02 million tonnes in the week to September 22, from 1.6 million tonnes for the week to September 8.
Coal exports from Australia’s Newcastle port surged 25 per cent from the previous week, port data showed, a sign of robust regional demand despite [...]
Woodside Petroleum cuts output forecast
Woodside Petroleum, the second-largest Australian oil and gas producer, cut its full-year output forecast as much as 10 percent, citing asset sales and reduced production at some fields.
Production could be between the equivalent of 70 million to 71 million barrels of oil this year, Woodside said in a statement to the Australian Stock Exchange Thursday. [...]
Australian Stocks Decline, Led by BHP Billiton as Metals Slide
Australian stocks fell for a fourth day. BHP Billiton led mining shares lower as metals prices dropped and a measure of commodities reached the lowest in almost two years.
CSL Ltd. led declines among U.S.-linked shares after a report on job and wage growth revived speculation interest rates won’t fall anytime soon in the world’s biggest [...]
Australian Mining Stocks Decline, Led by BHP; Hardman Surges
Australian mining shares dropped after BHP Billiton said it increased its wage offer to union workers at its $1 billion Spence copper project in Chile to avert a strike.
The S&P/ASX 200 Index lost 10.4, or 0.2 percent, to 4972.80 as of 2:12 p.m. in Sydney. It earlier rose as much as 0.3 percent. Ninety-two stocks [...]
India’s oil diplomacy brings in over 12 global firms
The ’silent’ oil diplomacy of Petroleum Minister Murli Deora has for the first time brought over two dozen global energy firms including likes of Chevron, Total and BP to Indian oil and gas exploration scene with most of them likely to bid in the latest offering of 55 blocks.
“Many globally renowned oil and gas companies [...]
Possible North Korea Missile Testing, PBoC Announcement Impact Asian Markets – Asian Commentary
Monday, the major Asian markets started the week on a weak note, with the Japanese, Australian, South Korean, Malaysian, Indonesian, Hong Kong and Singapore markets closing in the red. The imminent North Korean missile testing and the announcement of the People’s Bank of China that it would curb credit to cool the economy dampened the [...]
US-led Inflation Concerns Continue To Haunt Asian Markets – Asian Commentary
Tuesday marked another day when the Asian stocks took a hammering. The U.S government is expected to release May producer price data later during the day and consumer price index on Wednesday, both of which are widely expected to indicate signals for a rise in interest rate.
Japan’s benchmark Nikkei index nose-dived 4.14% or 614 points [...]
