2011/10/14 12:05 - Asian Activities Report for October 14, 2011 includes: Ironbark Zinc Limited (ASX:IBG) has entered into a US$50 million funding facility with Glencore International AG (LON:GLEN); Altura Mining Limited (ASX:AJM) has received Operation Production Mining approval for the Tabalong Coal Project in South Kalimantan, Indonesia; Republic Gold Limited (ASX:RAU) has entered into a Tenement Sale Agreement to sell its Far North Queensland assets to Territory Minerals Pty Ltd; Leighton Holdings Limited (ASX:LEI) today announced that its subsidiary Leighton Offshore had been awarded a major contract by Iraq's South Oil Company.
2011/08/08 12:00 - Asian Activities Report for August 8, 2011 includes: Laconia Resources Limited (ASX:LCR) has entered into a joint venture agreement with Sinoz Mining Investment Group for the Mooletar Iron Ore Project in Western Australia; Altura Mining Limited (ASX:AJM) announced an initial JORC Mineral Resource estimate for its Pilgangoora Lithium project in Western Australia; White Rock Minerals Limited (ASX:WRM) has received additional high grade silver assays from recent drilling at the Lady Hampden silver prospect; Voyager Resources Limited (ASX:VOR) has received initial assay results from the KM Copper Porphyry Project in southern Mongolia; Godrej Properties Limited (BOM:533150) has entered into an agreement with Jet Airways Limited (BOM:532617) to develop Jet Airways's property in Mumbai.
2011/03/08 12:00 - Australian Market Report of March 8, 2011 includes: Advanced Energy Systems Limited (ASX:AES) commenced the construction of 'Aocheng Gardens', a residential and commercial property development project in China; Lachlan Star Limited (ASX:LSA) announced a 28% increase in the JORC Resource estimate at CMD Gold Mine in Chile; Aura Energy Limited (ASX:AEE) has received strong calcrete uranium results in Mauritania; Golden Rim Resources Limited (ASX:GMR) reported significant gold intercepts in Burkina Faso.
2011/02/11 15:40 - Mongolian-focused coking coal explorer Aspire Mining Limited (ASX:AKM) (PINK:ASPXF) announce that Phil Rundell will take on the role of Chief Financial Officer in addition to his current role as Company Secretary and the company has also appointed Fergus Campbell to the position of General Manager, Operations.
2010/12/15 13:30 - Australian Market Report of December 15, 2010 includes: Waratah Gold Limited (ASX:WGO) signed Convention with Congo Government for Youkou Iron Ore Project; Tiger Resources Limited (ASX:TGS) said that Kipoi Copper Project stage 1 construction progresses smoothly; Axiom Mining Limited (ASX:AVQ) have received strong gold and silver results in Queensland; Greenland Minerals and Energy Limited (ASX:GGG) has received approval to fully evaluate the Kvanefjeld multi-element project.
2010/12/13 13:30 - Australian Market Report of December 13, 2010 includes: Altura Mining Limited (ASX:AJM) has received approval for the upcoming drill program at Pilgangoora Lithium Project in WA; Orion Metals Limited (ASX:ORM) has received highly encouraging gold results at Killi Killi Hills Gold-Rare Earth Element Project; Pharmaxis Limited (ASX:PXS) announces that Bronchitol is recommended for approval By Australian Advisory Committee; Tabcorp Holdings Limited (ASX:TAH) proposed A$625 million expansion of its casinos in Queensland.
2010/12/03 13:30 - Australian Market Report of December 3, 2010 includes: Winchester Resources (ASX:WCR) to acquire high grade Indonesian manganese project; Chesser Resources Limited (ASX:CHZ) has received further positive gold assay results from in northwest Turkey; Terrain Minerals Limited (ASX:TMX) is to sell the Coogee Gold Deposit for A$1.17m to New Global Mining Limited;
2010/09/13 13:30 - Australian Market Report of September 13, includes: Arafura Resources Limited (ASX:ARU) has successful produced commercial quality separated Rare Earth Oxides; ABM Resources NL (ASX:ABU) announced Best gold intersections at the Buccaneer Gold Porphyry Prospect; John Holland, a wholly owned subsidiary of Leighton Holdings Limited (ASX:LEI), has been awarded a A$276 million marine contract; Austpac Resources N. L (ASX:APG) has signed an agreement with CMC Cometals Australia for the supply of raw materials.
2010/09/10 13:30 - Australian Market Report of September 10, includes; Diploma Group LLC (ASX:DGX) signs a contract for AED$60 million to construct a new government office building in the United Arab Emirates, Breakaway Resources Limited (ASX:BRW) completes four diamond drill hole as part of a joint venture with BHP Billiton (ASX:BHP), Cockatoo Coal Limited (ASX:COK) has entered into an Exclusivity Agreement with Mitsui & Co. Ltd (TYO:8031) (NASDAQ:MITSY)and Lend Lease (ASX:LLC) has entered into an Implementation Agreement with Sekisui House Australia Holdings Pty Ltd, a subsidiary of Sekisui House Limited (TYO:1928).
2010/08/18 13:30 - Australian stocks opened higher on Wednesday after Wall Street rallied on encouraging economic data and positive quarterly earnings from retail giant Wal-Mart (NYSE:WMT). Metals and oil were all trading higher on Tuesday.
2010/08/18 10:45 - Egyptian Resorts Company (CAI:EGTS), Egypt's leading master developer of mega communities, announced today its consolidated results for the second quarter of 2010, reporting a net profit of EGP 2.98 million on revenues of EGP 2.85 million. Profits were supported by EGP 14.36 million in foreign exchange gains and interest income.
2010/08/12 13:31 - The Australian stock market opened lower this morning, after global markets suffered a heavy loss and all key market indices dropped significantly.
2010/07/23 13:30 - The Australian stocks market delivered a strong opening on Friday after Wall Street and European markets rallied overnight. The US shares were boosted by the encouraging corporate results and a better-than-expected report on existing home sales.
2010/07/08 18:05 - Egyptian Resorts Company (ERC) (CAI:EGTS), Egypt's largest master developer of mega resort communities, announced today that its board of directors has appointed leading academic and industry expert Dr. Samir Makary as the company's chairman.
2010/06/23 09:30 - The Australian market retreated yesterday, giving up most of the gains from previous trading session, while China signaled that the government there would not be a significant rise in the Chinese yuan in a short run. At the close, The benchmark S&P/ASX200 index ended 54.3 points, or 1.2 per cent lower, to 4558.3, while the broader All Ordinaries index was down 51.4 points, or 1.1 per cent, at 4581.3.
2010/06/17 13:30 - The Australian stocks market was slightly lower in early trade, while Wall Street delivered a flat lead overnight. Yesterday the local market posted a strong gain of 1.2 per cent, led by materials and energy stocks.
2010/06/15 13:30 - The Australian share market Tuesday resumed trading after a long weekend and started nearly no change. Overnight the US stocks closed slightly lower despite strong economic data from Europe and upbeat comments from a Federal Reserve official helped to support much of the session. However, the market sentiment was dented after credit rating agency Moody's lowered its rating on Greece's debt to "junk" status.
2010/05/19 13:36 - The Australian shares continue to suffer a stock market downturn caused by debt crisis in Europe. Yesterday the Australian market closed nearly unchanged in a day of fluctuating trade. The benchmark S&P/ASX200 index Wednesday shed more than 1.5 per cent in early trade after Wall Street resumed its slide on a surprise move by Germany to restrict some financial transactions against banks.
2010/05/17 13:30 - The Australian stock market opened sharply lower on Monday led by material sector. European bourses broadly tumbled on Friday as European governments' deep spending cuts increased worries over the region's economies. The negative sentiment also spreads through Wall Street and Asian Markets. The Australia's S&P/ASX200 index Monday fell approximately 1.8 per cent in early trade. In economics news today, the Australian Bureau of Statistics releases lending finance data for March.
2010/05/14 10:04 - Egyptian Resorts Company (CAI:EGTS), Egypt's leading master developer of mega communities, announced today its consolidated results for the first quarter of 2010, reporting a net loss of EGP 2.9 million on revenues of EGP 4.4 million. By comparison, ERC reported profit of EGP 9.5 million in the first quarter of 2009 on revenues of EGP 6.7 million, bolstered by lower depreciation charges and substantial foreign exchange gains. Profits in the quarter just ended were impacted by both a 34.3% drop in revenue and a sharp 675% rise in depreciation costs to EGP 3.2 million on the back of infrastructure and network assets capitalized last year.
2010/05/04 13:30 - The Australian market opened modestly higher today ahead of the Reserve Bank of Australia's interest rate decision. Material and mining shares continued their losing streak in early trade due to the mining tax concerns. But Wall Street's solid gains overnight helped to support the Australian shares with improving US economic data.
2010/04/29 19:30 - Egyptian Resorts Company (CAI:EGTS), Egypt's largest master developer of mega resort communities, and Orascom Development Holding (SIX: ODHN:SW) announced today that they had concluded an agreement under which Orascom Development and Management (ODM), a subsidiary of global powerhouse Orascom Development Holding (ODH), will manage the development of the Marina at Sahl Hasheesh.
2010/04/08 13:30 - Overnight US stocks broadly declined after new figures from the Federal Reserve showed that consumer credit dropped unexpectedly in February. The sharp plunge in consumer credit was an indication that households are still in a cautious frame of mind despite U.S. economic recovery. Asian markets opened lower this morning following the drops in Wall Street. But Wednesday most Asian stocks gained, helped by stronger oil prices and upbeat corporate earnings. Hong Kong's Hang Seng surged 1.8 per cent, while China's Shanghai Composite fell 0.3 per cent as real estate shares were hurt by fears of further measures to cool the property market. Japan's Nikkei 225 posted a 0.1 per cent rise and South Korea's Kospi Composite finished nearly unchanged.
2010/04/02 16:29 - Egyptian Resorts Company (ERC) (CAI:EGTS) announces consolidated revenue of EGP 25.7 million and consolidated earnings before tax of EGP 8.1 million compared to EGP 347.7 million and EGP 345.9 million respectively for the previous year.
2010/03/12 13:30 - Banking shares continued to push the US market higher overnight, despite resources and industrial sectors were hurt by worries that China may tighten its policy to cool the overheating economy after the country's latest inflation data. Consumer price index for February in China rose a faster-than-expected 2.7% in February from a year earlier. Thursday Asian markets closed mixed. Several major markets dropped after Chinese economic data. Japan's Nikkei index was up 1 per cent and Hong Kong's Hang Seng Index inched up 0.1%. Taiwan's Taiex lost 0.4 per cent and South Korea's Kospi shed 0.3 per cent. China's Shanghai Composited gave up most of its early gains and closed with a 0.1 per cent gain.
2010/03/02 13:30 - Asian markets are expected to rise today as Wall Street rallied overnight on improved data of manufacturing employment in the US and a takeover of American International Group's Asian arm by British insurer Prudential. Resources shares in Asia were up on Monday as the massive earthquake in Chile raised concerns on copper supplies. Asian markets closed mostly higher yesterday. Japan's Nikkei rose 0.5 per cent, lifted by a rise in non-ferrous metal shares. Hong Kong's Hang Seng Index gained 2.2 per cent and China's Shanghai Composite added 1.2 per cent on expectations Beijing may retain an appropriately loose monetary policy at the upcoming meeting of the National People's Congress.
2010/02/25 09:30 - The Australian share market fell sharply Wednesday after led by mining giants BHP Billiton and Rio Tinto as metals prices dropped. The benchmark S&P/ASX200 index ended down 69.8 points, or 1.5 per cent, at 4648.5, while the broader All Ordinaries index lost 65.1 points, or 1.4 per cent, to 4665.9.
2010/02/22 13:30 - Asian shares Monday are expected to be buoyed after Wall Street delivered its best week of the year. China's Shanghai bourse will open today after a long holiday for the Lunar New Year. The Hong Kong and Tokyo stocks lost more than 2 percent Friday on U.S. Federal Reserve's decision to raise its discount rate. The discount rate hike also sent commodities prices lower and hit resources shares in the region.
2010/02/18 13:30 - Asian markets rallied Wednesday led by resources shares. Japan's Nikkei surged 2.7 per cent while Japanese exporters were helped by the weaker yen. Hong Kong market rose 1.3 per cent led by Chinese banks, as investors digested the Chinese government's decision before the Lunar New Year holiday to increase bank reserve requirement. Singapore also resumed trading on Wednesday and posted a 1.3 per cent gain. Today Shanghai and Taiwan markets remained closed.
2010/02/18 09:30 - Australian shares posted a strong gain on Wednesday while Wall Street and Asian markets picked up on a brightened outlook and higher commodities prices. The local market was also lifted by a bunch of upbeat profit results. At the close, the benchmark S&P/ASX200 index surged 100.1 points, or 2.2 per cent, at 4667.9, while the broader All Ordinaries index jumped 96 points, or 2.1 per cent, to 4686.8.
2010/02/17 09:30 - The Australian sharemarket closed higher Tuesday. Financial stocks were boosted as Westpac's strong earnings result provided a positive sign for the banking sector and Australia's economy. The benchmark S&P/ASX200 index was up 22.3 points, or 0.5 per cent, at 4567.8, while the broader All Ordinaries index gained 20.4 points, or 0.4 per cent, to 4590.8.
2010/02/16 09:30 - Australian shares dropped on Monday as investors were nervous ahead of the EU meeting over Greek debt. Trading was quiet in local market while most Asian bourses were closed for Lunar New Year on Monday, Wall Street also closed because of a public holiday. At the close, the benchmark S&P/ASX200 index fell 16.6 points, or 0.4 per cent, at 4545.5, while the broader All Ordinaries index shed 18.4 points, or 0.4 per cent, to 4570.4.
2010/02/15 11:31 - The Australian sharemarket eased some early gains and closed slightly higher on Friday. This was the first weekly gain in five weeks while the global markets had been shadowed by China's monetary tightening, worries on US economic recovery stability and sovereign debt issue in Euro zone.
2010/02/12 09:30 - The Australian shares were stronger after an unexpectedly improved employment data. The market was also helped by a rise in Rio Tinto shares on expectation that it would follow its BHP Billiton in reporting upbeat earnings. At the close, the benchmark S&P/ASX200 index closed 40.9 points, or 0.91 per cent higher, at 4554.3 points while the broader All Ordinaries index rose 42.8 points, or 0.94 per cent, to 4575.8 points.
2010/02/10 13:30 - Asian shares are expected to remain rising after a rebound in most markets yesterday. On Tuesday China's Shanghai Composite rose 0.5%, Taiwan's Taiex surged 2% and South Korea's Kospi added 1.1%. Hong Kong's Hang Seng Index gained 1.2% spurred by Swiss banking major UBS's return to profit.
2010/02/10 09:30 - Australian shares fell on Tuesday led by financials sector as investors remained concerns over Europe's financial health. At the close, the benchmark S&P/ASX200 index was down 16.3 points, or 0.4 per cent, at 4505.1. The broader All Ordinaries index fell 18.1 points, or 0.4 per cent, to 4520.7.
2010/02/09 13:30 - Asian shares mostly declined yesterday on uncertainty about the sovereign debt issue in Greece, Spain and Portugal. Japan's Nikkei stock average sank 1.1 percent to a two-month low at the close. South Korea's Kospi fell 0.9%, while Hong Kong's Heng Seng Index lost 0.6%. But Singapore's Straits Times Index gained 0.4.
2010/01/25 09:30 - The Australian sharemarket posted a sharp loss for second straight day to a one-month closing low on Friday. The market pressured by worries about a slowdown in China and concerns over U.S. President Barack Obama's proposed stricter regulations on banks. At the close, the benchmark S&P/ASX200 index and the broader All Ordinaries index both tumbled 1.6 per cent. For the week, the ASX 200 fell 3.2 per cent, its worst weekly return in 12 weeks.
2010/01/22 13:30 - Wall Street delivered a bad lead to Asian market today. US stocks plunged overnight as financials tumbled after President Barack Obama proposed stricter limits on financial institutions' risk-taking. Obama's plan will prevent financial institutions that own banks from investing in, owning or sponsoring a hedge fund or private equity fund.
2010/01/21 09:30 - The Australian sharemarket closed slightly higher on Wednesday. Most of the early gains boosted by BHP Billiton's report of strong half-year production were offset by the losses after news that some Chinese banks have received verbal orders to stop lending for the rest of this month. At the close, the benchmark S&P/ASX200 index added 7 points, or 0.1 per cent, at 4868.2, while the broader All Ordinaries index gained 5.5 points, or 0.1 per cent, to 4895.1.