31 best beach vacations
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Asian Shares Higher as China Inflation Slows
Asian markets climbed on Thursday after China's inflation rate slowed and as Australia's unemployment rate fell.
Anglo American to Sign Offtake, Joint-Operating With Beadell -Sources
Global miner Anglo American PLC (AAL.LN) is set to announce a tie-up with Australia-listed gold explorer Beadell Resources Ltd. (BDR.AU), two people familiar with the matter said.
Philex Keeps Padcal Mine Shut; Closure to Cost PHP220 Million/Month
Philex Mining Corp. (PX.PH), the Philippines' largest gold and copper producer, said in a statement Thursday that operations at its Padcal mine north of Manila will remain suspended until it ensures "the safety and integrity" of the mine's tailings pond.
APA Upgrades Hastings Offer in Bid War
The stakes in a bidding war for greater control of Australia's network of natural gas pipelines were raised another notch Thursday after APA Group (APA) sweetened its offer for Hastings Diversified Utilities Fund Ltd. (HDF.AU).
Hong Kong Up, Shanghai Down After Inflation Data
Hong Kong stocks traded broadly higher Thursday after Chinese data showed inflation remained weak in July, though Shanghai shares moved modestly lower ahead of separate data on industrial production and other metrics.
Westpac Tells Banking Inquiry Mortgage Paybacks Accelerating
Australians are paying off their mortgages twice as fast as the average over the past 30 years, a senior Westpac Banking Corp. (WBC.AU) executive said Thursday.
China July Consumer Price Index Rises 1.8% On-year
China's consumer price index rose 1.8% in July from the year-ago period, a slower rate than the 2.2% increase seen in June, supporting hopes that Beijing has enough room to loosen its monetary policies further.
Australia's Jobless Rate Declines To 5.2% In July
Australia's seasonally adjusted unemployment rate totaled 5.2% in July, down from 5.3% in June, the Australian Bureau of Statistics said Thursday.
South Korea Holds Rates Steady, But May Cut Soon
The Bank of Korea held its policy interest rate steady at 3.0% Thursday after a surprise cut last month.