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Article: Australia : Gindalbe Surges on Approval in Australia.
- Article from:
- TendersInfo
- Article date:
- September 10, 2009
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Byline: shiv03
Australian stocks were firm as gold advanced for the seventh session in a row. Gindalbie Metals increased after it received state government approval for its iron mining operations in Western Australia. BHP Billiton and Noble Energy swap stakes in the Gulf of Mexico oil fields.
Stocks in Australia edged lower as commodities and crude oil prices edged higher in Asia and international trading. Gold increased for the seventh day in a row as the U.S. dollar fell.
New Zealand left its key lending rate unchanged and the central bank anticipates slow recovery from the recession.
Of the stocks in S&P ASX 200 index, 88 increased, ...