Finance

Copper hits 2-year high on China scrap cut

Copper prices have risen for a fourth day to its highest level in more than two years on expectations of solid Chinese economic growth and curbs on scrap imports to China that could boost demand for refined copper in the world’s largest metals consumer. A weaker US dollar and tight …

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Finance

Oil up to near 8-week high on big US draw

Oil prices have risen to near eight-week highs, with Brent crude futures above $US50 a barrel, as a much steeper than expected decline in US inventories encouraged hopes the global crude glut would recede. Brent crude futures settled up 77 cents or 1.5 per cent to $US50.97 a barrel. US …

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Finance

NZ dollar soars above US75c

The New Zealand dollar rose above US75c, its highest level in more than two years, after the US Federal Reserve said it would begin reducing its bloated balance sheet “relatively soon”. The greenback fell against a basket of major currencies after the Fed’s announcement. The kiwi dollar reached US75.28c overnight, …

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Finance

Cashless payments could be sabotaging savings

Credit card balances are on track to hit $1 trillion as more Americans feel comfortable taking on more debt. WSJ’s AnnaMaria Andriotis joins Tanya Rivero to discuss the underlying reasons for the credit boom. Photo: AP Tap and go transactions far out those made in cash in Australia now but …

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Markets

Kidman Resources Limited

© 2014 Morningstar, Inc. All rights reserved. Neither Morningstar, nor its affiliates nor their content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty …

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Finance

Australia Post email goes viral

An email response to a customer from Australia Post has gone viral. WHEN Canberra woman Cassandra Noack contacted Australia Post to check how her makeup shipment from Tarte Cosmetics was tracking from the US, she probably didn’t expect this response. The enthusiastic reply that Noack received from Australia Post employee …

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Markets

Gascoyne Resources Limited

© 2014 Morningstar, Inc. All rights reserved. Neither Morningstar, nor its affiliates nor their content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty …

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Finance

Legal spat over Bondi Beach name

Bondi Beach has been claimed by international fashion giant Abercrombie Fitch who do not have stores in Australia. WAVERLEY COUNCIL will today call on the Federal Government to intervene in a naming rights war which has allowed international fashion behemoth Abercrombie Fitch to claim the trademark over Australia’s most famous …

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Finance

TIG secures mining licence at Amaam

TIG has been granted a second extraction and exploration licence at the Amaam project by the Russian Subsoil Agency. This new Nadezhny licence is located to the south of its recently launched project F operations and gives the company long term tenure and mining rights over Area 3 of the …

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Finance

Peninsula gains access to Osu gold project

Peninsula Mines has received approval to access two separate drilling sites to test high-grade gold and silver targets at the Osu gold project in South Korea. For the Pal Gong East site, the company will test below high-grade channel sample results including 1.25m @ 7.73 g/t Au; and for the …

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