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Business News / Afternoon Edition
Business News       Markets       Quotes       Money       Innovations       Small Business       Executive Style
Friday, 16 May 2008
BHP hits record high Rio will come to the party: BHP BHP shares surge on speculation Chinese interests are looking to build a stake in the group.  
All Ordinaries at 3:05 PM EST, 16 May 2008 6025.1+ 60.2(+ 1.01) Charts & index detail | Top Movers | More indices
Around the market at 3:05 PM EST, 16 May 2008
Nasdaq 2533.73 + 37.03 + 1.48%
CAC 51.19 + 0.0 + 0.0%
Hang Seng 25675.51 + 161.8 + 0.63%
NZX 3651.85 + 37.61 + 1.04%
More market data, foreign exchange, share prices
Business Update More Business
Packer's Macau venture turns a profit Higher gaming volume at Crown Macao turns a loss into profit for Melco PBL.

Scott Murdoch: RBA backs inflation target RBA governor Glenn Stevens has warned the economy is about to slow and defended the bank's inflation targeting, while admitting it is not perfect.

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Market News More Market News
ASX: Shares rise as BHP surges Smaller rise forecast for shares in '08 The sharemarket continues its run higher, with more talk of the Chinese taking a stake in BHP Billiton pushing its shares up to $50. Tech, retail stocks drive Wall Street up US stocks rise, as a pullback in oil prices eases concerns about inflation and a battle to control Yahoo helps the tech sector. Dollar stronger as greenback dips The Australian dollar opens stronger, as the US dollar drops on weaker manufacturing data.
Columnists More Columnists
Malcom Maiden: Miner bets on uncertain outcome Malcolm Maiden 2008-01 When BHP paid $2.4 billion for Utah's global mining assets in 1984, there was a sleeper in the portfolio called Escondida. Xchange: St George ready for a fresh head of steam Xchange The Dragon's shares lose some heat but bid talk still has puff.
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Today's Top 5 Business Articles
  1. Stevens backs inflation target
  2. CommBank: home loan rates will rise
  3. Bosses primed to operate Qantas in event of strike
  4. BHP soars on stake talk
  5. The dark side of rowing
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