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Markets Live: ASX slips on oil
2014-12-01 01:15:28| Grocery - Topix.net
The sharemarket has opened slightly lower, led down by energy stocks after another bruising session for global oil prices, while Metcash takes a beating over this morning's profit warning. Atlas Iron shares have dropped 85 per cent this year and the market says the company is now worth only $166 million, down from as much as $3.5 billion in 2008 and $1.1 billion at the start of this year .
Markets Live: ASX slips on oil
2014-12-01 01:15:27| Grocery - Topix.net
The sharemarket has opened slightly lower, led down by energy stocks after another bruising session for global oil prices, while Metcash takes a beating over this morning's profit warning. Capital city house price growth continued to slow in November , with only Sydney, Brisbane, Perth and Hobart showing any month-on-month advance, according to the latest report from CoreLogic RP Data.
Markets Live: ASX to slip on oil
2014-12-01 00:15:31| Grocery - Topix.net
Investors are bracing for further losses at open of trade as the oil price continues to plunge, ahead of key Chinese manufacturing data at midday. Metcash's first-half underlying net profit fell 9 per cent to $101.7 million as the grocery, liquor and hardware wholesaler cut grocery prices and spent more on marketing to drive sales growth.
Markets Live: S&P peaks, ASX slides
2014-11-21 13:52:32| Agriculture - Topix.net
Shares fall despite Wall Street setting new records, as gains in miners and energy stocks are offset by losses in banks and Wesfarmers, putting the ASX on track for a weekly loss of 2.5%. Chinese demand for Australian resources is likely to stay strong over the long run as the Asian giant continues to urbanise and mature into a consumer-led economy, a top central banker says.
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ASX dips into the red for the year
2014-11-20 09:50:10| Agriculture - Topix.net
The Australian sharemarket fell to a four week low and back into the red for the year as the large cap miners succumbed to iron ore weakness and the retail giants were also hammered. The S&P/ASX 200 index fell 52.6 points, or 0.98 per cent, to the day's low of 5316.2 on volume 12 per cent above average as BHP Billiton, Rio Tinto, Woolworths and Wesfarmers all lost around 2 per cent as tumbling iron ore prices signalled strengthening domestic global growth headwinds.
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