Agribusiness Elders Limited (ASX:ELD) said negotiations for the calendar year 2010 benchmark price for Australian plantation grown Tasmanian bluegum woodchip for export to Japan have concluded with agreement that existing prices be maintained.
Australian paper merchant and manufacturer PaperlinX Ltd (ASX:PPX) said today that it is in the final stage of exit from its Tasmanian manufacturing operations.
It will close its Burnie Mill in Tasmania, with the balance of operations already closed. On completion of the closure, PaperlinX will solely become a merchant with business distributing paper, sign and display, graphics solutions and industrial packaging to a wide range of customers in Australia, New Zealand and Asia, Europe and North America.
Vinda International Holdings Limited (HKG:3331) is pleased to announce that, based on the preliminary review of the unaudited annual consolidated management accounts of the Company and its subsidiaries (together, the "Group"), it is estimated that the Group's consolidated net profit for the financial year ended 31 December 2009 will represent a substantial growth over and above the audited net profit for the financial year ended 31 December 2008 of HK$165,911,568.
US stocks ended higher overnight on a bigger-than-expected rise in existing home sales for November. The used-home sales jumped 7.4 per cent, having increased more than double the economists' expectations.
Australian market Monday ended lower in a thin trade led by resources stocks, as commodities prices dropped on a sharp rise in US dollar. At the close, the benchmark S&P/ASX200 index fell 25.7 points, or 0.6 per cent, at 4676.5, while the broader All Ordinaries lost 26 points, or 0.6 per cent, to 4695.2.
US stocks fell for the second day after a downgrade of technology companies such as Intel. Energy and materials shares also showed losses as commodities prices tumbled.
US stocks were lower Friday over consumer data. Commerce Department said that consumer spending rose mildly in July, while personal income was unchanged. The downbeat data of US consumer sentiment also weighed on the market.
