Business, Economy And Personal Finance News
OZ Minerals has maintained its full year copper and gold production targets but says its priority for increasingly profitable copper may dampen gold production. The company reported a lift in copper and gold production in the three months to June 30 from the March quarter, plus a reduction in costs. Chief executive Terry Burgess said [...]
FOX Business: The Power to Prosper The blue chips closed near session lows after another day of negotiations in Washington yielded little results on the debt ceiling debacle, and traders mulled a deluge of corporate and economic data. Today’s Markets The Dow Jones Industrial Average fell 91.5 points, or 0.73%, to 12,501, the S&P 500 [...]
The debate in the U.S. Congress over the federal government’s debt, which has caused intense political polarization and has led experts to warn of a possible default on the debt by August 2, has not caused those with investments in 401(k) and other retirement plans to panic, according to the Casa Grande Dispatch. At major [...]
Investors praying for deals to get their teeth into were given a reason to be cheerful yesterday, as analysts predicted an acceleration in takeover activity. Barclays Capital said merger-and-acquisition (M&A) volumes in Europe are currently two and a half times lower than in 2007, but the bank said it believed a recent rebound in corporate [...]
The Australian dollar was trading nearly one US cent higher this morning, after a bi-partisan plan to avoid a US debt default emerged in the US overnight. At 0700 AEST, the Australian dollar was trading at 107.32 US cents, up from 106.41 US cents yesterday. Since 1700 AEST yesterday, the local unit traded between 106.41 [...]
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