AAP

$A weaker as Wall St rally helps greenback

AAP
15-May-2013
The Australian dollar has opened below 99 cents as another rally on Wall Street boosted the greenback. At 0700 AEST, the local currency was trading at 98.92 US cents, down from Tuesday's close of 99.80 US cents, marking the weakest start to a session in 11 months.

US stocks rally to new record highs

AAP
15-May-2013
US stocks have surged to new all-time closing highs on renewed optimism after a prominent hedge fund manager said the stock rally of 2013 still has more room to go.

Budget: Swan says $18 billion deficit will save jobs

AAP
14-May-2013
Treasurer Wayne Swan has handed down his sixth consecutive budget deficit, saying sharper spending cuts would have put jobs and the economy at risk.

Aussie trading below parity with $US

AAP
14-May-2013
The Australian dollar is trading slightly below parity with the US dollar as commodities prices fell following weaker than expected Chinese data. At 1700 AEST the currency was trading at 99.79 US cents, down from Monday's close of 100 US cents.

Stock market closes higher

AAP
14-May-2013
The Australian market has closed higher after a volatile day of trading due to the impending federal budget. RBS Morgans private client adviser Craig Walker said the local market had been all over the place in anticipation of the federal budget on Tuesday night.

Macmahon stock climbs on earnings update

AAP
14-May-2013
Mining services provider Macmahon Holdings' shares have shot up by more than 20 per cent after it detailed positive growth in a "changing and challenging environment".

Barnett won't rule out WA job cuts

AAP
14-May-2013
West Australian Premier Colin Barnett is declining to rule out further public sector job cuts as the state deals with a "volatile" environment. Mr Barnett admits the past three months have resulted in a "slowing down" of the WA economy.

Hockey calls for more Treasury figures

AAP
14-May-2013
Shadow treasurer Joe Hockey is demanding the federal government publish a range of Treasury figures explaining revenue shortfalls, policy funding and future debt forecasts.

Farmers dump grain at Premier's office

AAP
14-May-2013
Disgruntled farmers have dumped several tonnes of grain outside West Australian Premier Colin Barnett's office, saying the state government's financial relief package is meagre.

Stock market opens higher

AAP
14-May-2013
The Australian market has opened flat as gains for defensive stock offset losses for Westpac and Macquarie banks. IG market strategist Evan Lucas said Westpac and Macquarie were dragging down the market as both went ex-dividend.

Highway funds for WA in budget

AAP
14-May-2013
The federal government has confirmed it will contribute $400 million to upgrading sections of the Perth-to-Darwin Highway and says there will be more for Western Australia in today's budget.

Budget won't "cut to the bone": Swan

AAP
14-May-2013
Australians will be spared a budget that "cuts to the bone" but should brace for a disciplined road forward, Treasurer Wayne Swan has warned on the day he delivers his sixth, and possibly, final budget.

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LabelValue
Rio Tinto$26.13bn
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Gold Corporation$6.82bn
Fortescue Metals Group$6.68bn
Others$22.08bn
FMG
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