Financial Services

The head of BC Iron concedes the industry is apprehensive after iron ore prices fell to 2012 levels of $US89 per tonne.

Shares closed weaker as worries about Iraq and the sudden sale of nearly 10 per cent of Woodside shares weighed on the market.

The share market has opened lower after the iron ore price dropped to a two-year low and tensions in Iraq hurt overseas markets.

The Australian dollar is slightly lower as concerns about political tensions in Iraq and eastern Europe weighs on the market's mood.

US stocks have finished a choppy day of trade slightly higher as investors weighed the Iraq crisis and merger news ahead of a US Federal Reserve policy decision.

The share market has recovered from early falls to close higher as investors brushed off worries about iron ore prices.

The Australian share market has opened lower as weak iron ore prices continue to weigh on mining stocks.

The Australian dollar is slightly lower, weighed down by profit taking and a lower iron ore price.

US equity markets have finished the week with losses after a rising jihadist offensive in Iraq lifted oil prices to nine-month highs and stoked further concerns about Middle East stability.

Litigation funder Bentham IMF has recruited Ferrier Hodgson partner Andrew Saker as its new managing director, to replace company founder Hugh McLernon.

Tiger Resources has raised $20 million via a share placement earmarked for the expansion of its Kipoi copper mine in the Democratic Republic of the Congo.

The Australian share market has closed at its lowest level in two months after escalating violence in Iraq spooked investors and falling iron ore prices continued to pressure mining stocks.

Australian stocks have fallen to a two month low as escalating tension in Iraq caused heavy falls on Wall Street.

The Australian dollar has hit a one month high, extending its gains after the release of solid employment figures.

Wall Street stocks have fallen decisively on escalating violence in Iraq that pushed US oil prices to their highest level in nearly nine months.

The Australian sharemarket has closed lower due to weakness in resources stocks and negative overseas leads.

Qantas has paid off $450 million in debt eight months early, leaving less debt to be repayed in the coming year.

The share market has opened lower due to negative offshore leads and a downgrade to global economic growth forecasts.

The Australian dollar rose above 94 US cents after the Reserve Bank of New Zealand increased its cash rate.

The Dow has snapped a four-day streak of record highs in a US equity retreat attributed in part to a shock Republican primary election and profit taking.

The Western Australian Industrial Relations Commission has decided to increase the full time adult minimum wage and state awards by $20 per week.

The Australian share market has closed slightly lower as a weaker resources sector and low consumer confidence weighed on sentiment.

The takeover bid for Aquila Resources took an unexpected turn today when a mystery buyer, believed to be Mineral Resources, spent about $192 million buying a large stake in the Perth company, paying well above the bid price.

The share market is weaker than expected in early trade due to a fall in iron ore prices and weak consumer confidence.

The Australian dollar hit a four-week high against the US dollar, helped by positive business confidence data and a recent run of good Chinese economic figures.

The Dow has edged to a new record as markets essentially moved sideways with low trading volumes.

The share market has closed slightly higher as mixed economic data hampered gains.

The share market has opened higher after positive leads from the United States.

The Australian dollar is higher, helped by encouraging signs for the Chinese economy.

US stocks have rallied, with the Dow and S&P 500 extending record winning streaks amid a fresh burst of merger and acquisition activity on Wall Street.

The Australian share market is expected to open in positive territory on Tuesday in the absence of any significant data in the US.

Amid an ongoing capital drought, exploration companies are reinventing themselves in order to survive.