Financial And forex Info | The Australian Business Briefing: Wall St pares losses as oil retreats









Update for Fri Feb 25 08:42:32 EST 2011

Wall St pares losses as oil retreats
Wall St UPDATED Donna Kardos Yesalavich US stocks suffered their third-straight decline today but they managed to pare steep losses late in the session as the oil price retreated.
 
Oil price slips as supply fears ease
oil Jerry A. DiColo OIL prices retreated sharply from a fresh two-and-a-half year high today, as US and other officials eased concerns about supplies.
 
Industry slams Gillard's carbon call
Julia Gillard Matt Chambers and Annabel Hepworth THE nation's biggest manufacturers have accused Julia Gillard of failing to consult business on plans to introduce a carbon price next year.
 
Newmont profit polished by gold price
boddington gold Matt Whittaker NEWMONT Mining's fourth-quarter profit jumped 46 per cent, capping a year of record-setting revenue as gold prices climbed to historic highs.
 
Iron ore junior breaks stranglehold
Mike Young and Andrew Forrest Andrew Burrell ANDREW Forrest has issued a fresh challenge to BHP and Rio by allowing a junior miner to export iron ore using his company's railway and port.
 
End of the road for RiverCity Motorway
clem 7 tunnel Tracy Lee and Nabila Ahmed QUEENSLAND'S second largest toll road project has failed as RiverCity Motorway collapsed yesterday owing $1.3 billion.
 
Voelte expects a quick exit
Don Voelte Matt Chambers DEPARTING Woodside chief Don Voelte expects to step down before his $14 billion Pluto LNG project is in production.
 
UBS probes trading floor scrap
George Kanaan, UBS Scott Murdoch UBS will today decide on the future of its two star traders involved in a fight on the investment bank's busy trading room floor this week.
 
Financial Markets
Wall St pares losses as oil retreats
Wall St UPDATED Donna Kardos Yesalavich US stocks suffered their third-straight decline today but they managed to pare steep losses late in the session as the oil price retreated.
 
Oil price slips as supply fears ease
Gold price edges up as rally slows
 
Financial Markets Coverage
 
Mining & Energy
Oil price slips as supply fears ease
oil Jerry A. DiColo OIL prices retreated sharply from a fresh two-and-a-half year high today, as US and other officials eased concerns about supplies.
 
Gold price edges up as rally slows
Newmont profit polished by gold price
 
More Mining & Energy Coverage

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