BHP Billiton, Macquarie Bank, Rio: Australian Equity Preview

Tuesday, May 15, 2007
点击:

The following is a list of companies whose shares may rise or fall in Australia. This preview includes news announced after markets closed yesterday. Prices are from yesterday's close unless otherwise stated. Stock symbols are in brackets after the company names.

The S&P/ASX 200 Index futures contract due in June fell 0.6 percent to 6331 at 6:59 a.m. in Sydney. The Bank of New York Australia ADR Index dropped 0.4 percent in New York.

The S&P/ASX 200 yesterday added 47.70, or 0.8 percent, to 6345.10. The index earlier surpassed 6355.50, the benchmark's closing high set May 10.

Mining shares: A measure of six metals traded on the London Metal Exchange, including copper and zinc, fell 2.5 percent. Copper dropped 3.1 percent while zinc lost 2.5 percent.

American depositary receipts of BHP Billiton (BHP AU), the world's biggest mining company, slipped 2.1 percent to the equivalent of A$30.80 a share in New York, 1.5 percent lower than the stock's close of A$31.28 in Sydney. ADRs of Rio Tinto Group's (RIO LN) London-based shares dropped 3.7 percent.

Macquarie Bank Ltd. (MBL AU): Australia's largest securities firm today said full-year profit increased 60 percent to A$1.46 billion ($1.2 billion) by selling more assets into investment funds it manages and boosting fees for arranging buyouts and takeovers.

Macquarie said yesterday its shares will be halted from trading as it considers raising capital. The stock won't trade pending an announcement, which the bank plans to make by 2 p.m. on Wednesday, it said. Macquarie climbed 0.7 percent to A$89.50.

News Corp. (NWSLV AU): Rupert Murdoch, seeking to woo Dow Jones & Co.'s controlling Bancroft family, offered members a seat on News Corp.'s board if they accept his $5 billion takeover offer. The family is considering the offer, CNBC reported yesterday. New York-listed shares of News Corp., the third-largest U.S. media company, rose 1 percent.

Recommended exhibitions

16TH ARAB INTERNATIONAL ALUMINIUM CONFERENCE
  ARABAL, which is being organized and hosted by Qatalum, is the premier trade event for the Middle East's aluminium i......
Aluminium 2012
  ALUMINIUM is the leading B2B platform in the world for the aluminium industry and its main applications. This is whe......
The 4th edition of Zak Aluminum Extrusions Expo
 Date

  14th - 16th December 2012

  Venue

  Pragati Maidan,

  New Delhi,India.

  Exhibition Timings

 ......
ALUMINIUM DUBAI 2011
Name:ALUMINIUM DUBAI 2011
Time:2011-5-9 to 2011-5-11
Place:Dubai International Convention & Exhibition Centre, Dubai, UAE......