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  • All Ords bounces off lows on bank bargain-hunting

    7:36 am

    All Ords bounces off lows on bank bargain-hunting

    Australian equities staged an afternoon comeback with the All Ordinaries closing just 10 points down at 4795, after hitting an intra-day low of 4750 before the bargain-hunters entered the market and snapped up the banks - with the Tier 2 sector outperforming. In the pre-open market the Dow-mini is up 16 points to 15,137.

  • Toro Energy clears environmental appeal period for Wiluna Uranium Mine

    12:54 am

    Toro Energy clears environmental appeal period for Wiluna Uranium Mine

    With no appeal lodged against Federal environmental approval for the Wiluna Uranium Mine, Toro Energy is now free to focus on completing all technical and commercial studies required to support an investment decision for the project while continuing to seek a strategic partner support for the development capital needed.

  • Ascot Resources receives Speculative Buy from UK broker RFC Ambrian

    Mon 6:44 am

    Ascot Resources receives Speculative Buy from UK broker RFC Ambrian

    Encouraging coal quality data from first phase drilling at Ascot Resources’ Titiribi Coal project has led RFC Ambrian to place a Speculative Buy recommendation on the company with expectations that the coal would be in demand in Brazil and Peru.

  • Blackthorn Resources on track for Kitumba Pre-Feasibility Study

    Mon 2:45 am

    Blackthorn Resources on track for Kitumba Pre-Feasibility Study

    With the Pre-Feasibility Study for the Kitumba base metals project on track for end July 2013 and continued high grade copper intersections from infill drilling with assays due in August 2013, Blackthorn Resources is making good progress on the project.

  • Wall Street narrows gains after FT Fed report; Dow bounces back to finish with triple digit gains

    Mon 9:10 pm

    Wall Street narrows gains after FT Fed report; Dow bounces back to finish with triple digit gains

    U.S. markets pared gains sharply in the last hour of trade on Monday, but rebounded in the last minutes, after a report in the Financial Times said that the Federal Reserve chairman Ben Bernanke is expected to say later this week that the central bank is nearing the anticipated tapering of its monthly bond purchases. 

  • Apple a laggard in Q2's underperforming tech sector

    Mon 6:16 pm

    Apple a laggard in Q2's underperforming tech sector

    Apple (NASDAQ:AAPL) is a deadweight, at least when it comes to earnings growth amongst technology stocks. According to research bank FactSet, Apple's influence is so big that it will double the sector's earnings shrinkage in the second quarter of 2013. 

  • U.S. markets see sharp gains on Fed hopes; economic reports please investors

    Mon 5:40 pm

    U.S. markets see sharp gains on Fed hopes; economic reports please investors

    U.S. stocks rallied on Monday as investors placed bets that the Fed would keep its monetary stimulus policies in place for now ahead of the meeting this week. The sharp gains come after benchmark indices recorded their third weekly loss of four last week as investors were skittish over the Fed's plans to eventually scale back on its monthly bond purchases. 

  • Canada stocks rise as oil climbs, investors await U.S. Fed meeting

    Mon 5:11 pm

    Canada stocks rise as oil climbs, investors await U.S. Fed meeting

    Canadian shares advanced on Monday, driven by gains in all major groups, after oil, the country's largest export, climbed above $98 and as investors weighed prospects for less economic stimulus ahead of this week’s U.S. Federal Reserve policy meeting. The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 1 percent to 12,305.13 at 11:11 a.m. in Toronto. Three shares advanced for every stock that fell.