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Fortescue


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Australia's miners drop amid declines in copper prices

BUZZ-Australia's miners drop amid declines in copper prices ** Australian mining stocks .AXMM fall as much as 1.5%, their biggest intraday pct fall since July 8 ** Copper prices eased on Monday on weak demand prospects in top consumer China MET/L ** Rio Tinto RIO.AX fell as much as 2.6% to lowest since March 18, after the global mining giant record
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Australian shares muted as Rio Tinto's over 2% drop offsets gains in banks

Australian shares muted as Rio Tinto's over 2% drop offsets gains in banks July 16 (Reuters) - Australian shares drifted in a narrow range on Tuesday, as mining behemoth Rio Tinto led losses among bellwether mining companies on missing second-quarter iron ore shipments estimates, which offset gains in banks' stocks. The S&P/ASX 200 index .AXJO fell 0.1% to 8010.0 by 0031 GMT.
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Australian shares hit record highs as bank stocks rally

Australian shares hit record highs as bank stocks rally Developers and banks gain BHP drops post WA nickel ops suspension NZ50 at 17-month high Updates to close By Sneha Kumar July 12 (Reuters) - Australian shares hit record highs on Friday, led by banks, after data showed weaker-than-expected June U.S inflation and helped firm bets of an interest rate cut in September by the Federal Reserve.
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Australian shares end near record high; US inflation data on tap

Australian shares end near record high; US inflation data on tap ASX 200 ends at near 2-month high ASX 200's intraday high 8 pts shy of record Banks end as top gainers, for record closing high Miners, oil firms track commodity prices higher By Sneha Kumar July 11 (Reuters) - Australian shares jumped on Thursday to within touching distance of their all-time high, tracking the record-breaking run on Wall Street.
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Miners weigh on Aussie shares, NZ stocks end higher after cenbank holds rates

Miners weigh on Aussie shares, NZ stocks end higher after cenbank holds rates Miners at one-week low Banks rise to record highs RBNZ stands pat on interest rates By Sneha Kumar July 10 (Reuters) - Australian shares fell on Wednesday, weighed down by a sell-off in heavyweight mining stocks due to a decline in ironore prices, while shares in New Zealand finished higher after the central bank kept its benchmark rate steady, as expected.
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NZ shares flat after c.bank holds rate as expected; Aussie shares lower

NZ shares flat after c.bank holds rate as expected; Aussie shares lower Updates throughout with RBNZ decision By Sneha Kumar July 10 (Reuters) - New Zealand shares were little changed on Wednesday after the country's central bank kept its benchmark rate at a 16-year high as expected, while Australian shares were dragged down by a drop in heavyweight mining stocks .
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Australia shares end lower; eyes on key data points this week

Australia shares end lower; eyes on key data points this week ASX 200 logs worst session in 2 weeks Inflation prints from U.S. and China this week Healthcare stocks snap 3-day winning streak By Sneha Kumar July 8 (Reuters) - Australian shares fell on Monday, dragged by losses in heavyweight miners as commodity prices declined on demand concerns from top consumer China, while investors exercised caution ahead of critical data this week.
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Miners drag Australian shares lower on weaker iron ore prices

Miners drag Australian shares lower on weaker iron ore prices July 8 (Reuters) - Australian shares started the week lower on Monday, as miners weighed on the benchmark index due to falling iron ore prices, while investors awaited crucial U.S. inflation print later in the week. The S&P/ASX 200 index .AXJO fell 0.3% to 7799.00 by 0015 GMT. The benchmark fell 0.1% on Friday.
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Australian mining stocks set for best week since mid-Sept on China stimulus hopes

BUZZ-Australian mining stocks set for best week since mid-Sept on China stimulus hopes ** Aussie mining stocks .AXMM rose 4.2% for the week, eyeing their best week since September 15, 2023, if weekly gains hold; the index, however, was down about 0.2% for the day ** This week the sub-index is set to snap a six-week long spell of losses ** Weekly gains are attributable to persistent hopes of more stimulus from top consumer China and robust near-term demand for iron ore.
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Australian mining stocks jump as iron ore hits 1-month high

BUZZ-Australian mining stocks jump as iron ore hits 1-month high ** Aussie mining stocks .AXMM rise as much as 2.7% to their highest level since mid-June ** Sub-index set for its best day since mid-September, if gains hold ** Iron ore futures hit a one-month high, helped by robust near-term demand, improved steel fundamentals, and hopes of more sti
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Australian shares end higher as miners, energy stocks gain

Australian shares end higher as miners, energy stocks gain Mining stocks rise over 1% Energy stocks post 7th session of gains May retail sales stronger-than-expected Updates to close By John Biju July 3 (Reuters) - Australian shares closed higher on Wednesday, helped by gains in mining and energy stocks, while dovish comments from Federal Reserve Chair Jerome Powell that reinforced bets of a rate cut this year boosted investor sentiment.
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Fortescue up as Macquarie sees FY24 iron ore shipments to beat market consensus

BUZZ-Fortescue up as Macquarie sees FY24 iron ore shipments to beat market consensus ** Shares of Australia's Fortescue FMG.AX rise as much as 1.7% to A$21.93 ** Stock set for best intraday pct gain since June 25 ** Analysts at Macquarie expect the mining giant's FY24 iron ore shipments to be 3% ahead of market consensus ** Sees Fortescue to record
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Australian mining stocks gain as iron ore strengthens

BUZZ-Australian mining stocks gain as iron ore strengthens ** Australian mining stocks .AXMM rise as much as 1.1% ** This comes after Dalian iron ore futures extended gains on Tuesday, supported by bets of more stimulus in top consumer China IRONORE/ ** Shares of top miner BHP Group BHP.AX rise as much as 1% ** Rio Tinto RIO.AX shares climb 0.8% wh
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Top four iron ore miners' carbon emissions reduction promises

FACTBOX-Top four iron ore miners' carbon emissions reduction promises MELBOURNE, June 26 (Reuters) - Here are the carbon reduction targets and goals set out by the world's biggest four iron ore miners. RIO TINTO Rio Tinto RIO.AX initially said it planned to cut operational or Scope 1 and 2 emissions by 15% by 2025, before later saying it could only meet those targets by buying offsets.
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Australian shares fall as inflation data triggers rate hike worries

Australian shares fall as inflation data triggers rate hike worries Aussie inflation print beats expectations Banks, miners drag ASX 200 down NZ50 closes at highest since June 14 By Roshan Thomas June 26 (Reuters) - Australian shares closed lower on Wednesday, dragged by declines in financial and mining stocks, as concerns about rate hikes heightened the risk of loan defaults and higher cost of capital.
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Miner BHP's carbon emissions to rise slightly this year

UPDATE 3-Miner BHP's carbon emissions to rise slightly this year BHP taps solar to cut operations emissions Miner still sees a role for carbon capture Investors want more details of emissions-cut plan Adds detail and comments throughout By Melanie Burton MELBOURNE, June 26 (Reuters) - BHP Group's BHP.AX operational carbon emissions are set for a "small increase" this financial year, an executive revealed on Wednesday, as the miner said its "non linear" path to net zero requires overcoming growth
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Banks, miners lift Australian shares; domestic inflation awaited

Banks, miners lift Australian shares; domestic inflation awaited Banks, mining stocks lead AXJO higher AXJO closes at highest since June 7 Aussie inflation print expected on Wednesday By Roshan Thomas June 25 (Reuters) - Australian shares ended higher on Tuesday on the back of banking and mining stocks amid broad-based gains across the benchmark, while investors awaited a crucial domestic inflation print later this week for clues on interest rate cuts.
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Financials, miners drag Australia shares lower; inflation data in focus

Financials, miners drag Australia shares lower; inflation data in focus ASX 200 marks worst session in 2-weeks Miners at over 1 1/2 year lows CPI data due on Wednesday By Megha Rani June 24 (Reuters) - Australian shares closed lower on Monday, led by losses in miners and financials, while caution prevailed ahead of a crucial domestic inflation reading due later in the week that will likely provide cues on the central bank's rate easing policy.
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Australia shares eke out modest gains pressured by cenbank's hawkish stance

Australia shares eke out modest gains pressured by cenbank's hawkish stance Australia benchmark adds 0.9% over the week Gains in healthcare, energy offset by miners NZ shares lose 1.5% over the week Updates to close By Prerna Bedi June 21 (Reuters) - Australian shares closed higher on Friday on broad-based gains, capped by investors worrying over slim chances of interest rates easing soon after the country's central bank delivered hawkish comments on inflation earlier in the week.
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Mining, gold stocks lift Australian shares; c.bank's hawkish stance caps gains

Mining, gold stocks lift Australian shares; c.bank's hawkish stance caps gains June 21 (Reuters) - Australian shares rose marginally on Friday, led by mining and gold stocks, although dwindling hopes of an interest rate cut due to the central bank's hawkish stance on inflation continued to weigh on sentiment and capped further gains. The S&P/ASX 200 index .AXJO rose 0.2% to 7,786.60 by 0003 GMT.
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