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Australia Market Update Archive: 
Sydney: Fortescue, Mirvac, Rio Tinto
Mar 19, 7:34 PM ET
Rio Tinto and Chinalco to jointly develop Simandou iron ore project in Guinea. The securities regulators approve a rival trading platform to ASX Ltd. Amcor faces A$697 million lawsuit. Mirvac Group completes the A$150 million debt offering.
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Aussie, Stocks Struggle; Telstra Vote Delay
Mar 18, 6:21 PM ET
The Australian dollar declined after currency traders worried on the growing uncertainty related to bailout structure for Greece. Queensland Gas Company and BOC joint venture to invest in A$100 million LNG plant. Bankwest completed A$620 million asset backed bonds.
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AWB Downgrage; Rio, JFE Iron Ore Price Deal
Mar 17, 6:02 PM ET
Stocks and commodities closed higher in Sydney trading. Japanese steelmakers JFE Holdings and Sumitomo Metal Industries agreed to 55% price increase for coking coal for a three-month contract. AWB Ltd lowered profit estimate. David Jones first half sales increased 3%.
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China May Influence Iron Ore Price Talks
Mar 16, 6:46 PM ET
The Australian benchmark index gained a fraction on a strength in precious metals. Reserve Bank of Australia guided a gradual increase in rate if the economy maintains its growth pace close to its long term expectations. ANZ plans to sell 10% in Vietnam Bank as it seeks open wholly owned branches.
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Iron Ore Price Increase Estimate Revised Higher
Mar 15, 9:52 AM ET
Stocks in Australia declined fractionally tracking losses in commodities markets. Analysts lifted their estimate of iron ore prices in the current year to more than 60% increase as Chinese steelmakers seek a government intervention in price negotiations.
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Australians Charge Less on Cards
Mar 12, 5:00 PM ET
Australia’s credit card transactions fall 22% to A$17.1 billion in January. ACCC delays ruling on AXA APH bid. Energy World Corporation Limited led gainers in the S&P ASX 200 index with a rise of 10.7%. Cape Lambert Resources sells Lady Annie for A$135 million.
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Australian Home Loans Fall; GDP to Accelerate
Mar 10, 7:45 AM ET
Australian consumer sentiment index increased 0.2% in March despite the recent four rate increases in a row. However, home loans declined 3.3% in January. Central bank official Philip Lowe said that Australia is likely to grow at or above average rate and investment share of GDP is near its peak.
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Australian Employers Look to Add Staff
Mar 09, 3:05 PM ET
Australian benchmark index increased 0.3% after more employers looked to hire add staff in February. Australia’s job advertising increased 19.1% in the month. Business confidence rises in February. The Australian dollar gained against the U.S. dollar on the jobs report.
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Sydney: Arrow Energy Soars on A$3.3 Billion Bid
Mar 08, 5:45 PM ET
Arrow Energy Limited received A$3.3 billion joint bid from Royal Dutch and PetroChina Corp. The coal seam gas explorer soared 47% on the bid. BHP Billiton signs new coking coal contract with JFE Holdings of Japan that tracks spot market prices and is only for a quarter compared to annual increase.
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Australian Trade Deficit, Construction Ease
Mar 04, 6:55 PM ET
Australian trade deficit eases to A$1.1 billion in January. Linc is reviewing offers for three properties that it estimates are worth $1.5 billion. Telstra Corp hired bankers for its bond offering in Europe. Australian building industry expands at a slower pace in February.
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