Ailing iron ore miner Territory Resources Ltd has reached a standstill agreement with its financiers to allow it to restructure its & #36;72 million debt.
July 3, 2009
Oil prices slide on weak US jobs report
Oil prices sank under & #36;US67 a barrel on Thursday after weak jobs data quashed hopes of a speedy economic recovery in the United States.
Markets tumble after US jobless figures
The New York Stock Exchange was forced to extend trading by 15 minutes after technical problems hit the trading room floor overnight.
Eurozone unemployment hits 10-year high
The unemployment rate in the 16 euro countries climbed to a 10-year high of 9.5 per cent in May as companies cut jobs to survive the worst post-war recession.
ECB keeps interest rate steady
The European Central Bank has kept its main interest rate steady at a record low of 1.0 per cent.
Dollar falls to US80c on trade deficit data
THE dollar closed weaker on today after the nation recorded its largest trade deficit in 10 months.
Share market flat as miners gain
THE share market closed flat after earlier gains were whittled back despite gains in resources sector gains and a positive lead from Wall Street.
Bankrupt Esky brand sold off
OUTDOOR recreation company Coleman Australia has bought the Esky brand from Nylex and plans to expand the iconic Australian brand internationally.
NAB fees drive rise in loyalty
NATIONAL Australia Bank’s (NAB) automatic teller machine (ATM) disloyalty fee has won it a 10 per cent rise in customer loyalty since the new ATM fee regime was introduced.
Chinalco takes up Rio Tinto rights offer
RIO Tinto’s largest shareholder, Aluminum Corporation of China (Chinalco), has taken full part in a $US15.2 billion rights issue from the Anglo-Australian miner.