News archive from 10 July 2013

Billionaire Paulson loses Midas touch

Billionaire Paulson loses Midas touch

Hedge fund manager John Paulson's gold fund has lost 65 per cent of its worth so far this year after the portfolio declined 23 per cent last month, two people familiar with the fund said on Monday. Gold had been one of the billionaire investor's...

TheAge, 09:19 in Business
 
Billionaire Paulson loses Midas touch

Billionaire Paulson loses Midas touch

John Paulson's gold fund has lost 65% of its value. Photo: Reuters Hedge fund manager John Paulson's gold fund has lost 65 per cent of its worth so far this year after the portfolio declined 23 per cent last month, two people familiar with the fund...

 

Billionaire Paulson loses Midas touch

John Paulson's gold fund has lost 65% of its value. Photo: Reuters Hedge fund manager John Paulson's gold fund has lost 65 per cent of its worth so far this year after the portfolio declined 23 per cent last month, two people familiar with the fund...

 

Billionaire Paulson loses Midas touch

Gold had been one of the billionaire investor's winning bets a few years ago, but not this year. His investments in gold and gold miners have suffered double digit losses for the past three months. In June, gold tumbled 12 per cent in the wake of...

 

Billionaire Paulson loses Midas touch

Gold had been one of the billionaire investor's winning bets a few years ago, but not this year. His investments in gold and gold miners have suffered double digit losses for the past three months. In June, gold tumbled 12 per cent in the wake of...

 

Markets Live: Start of winter rally?

9:37am: Aussie stocks are expected to extend gains in opening trade after global equity markets extended rose on optimism among investors after a good start to the US earnings season. In the US, nine of the S&P's 10 industry sector indexes were...

TheAge, 09:40 in Business
 

Markets Live: Start of winter rally?

9:37am: Aussie stocks are expected to extend gains in opening trade after global equity markets extended rose on optimism among investors after a good start to the US earnings season. In the US, nine of the S&P's 10 industry sector indexes were...

 

Markets Live: Start of winter rally?

9:37am: Aussie stocks are expected to extend gains in opening trade after global equity markets extended rose on optimism among investors after a good start to the US earnings season. In the US, nine of the S&P's 10 industry sector indexes were...

 

Billionaire Paulson loses Midas touch

Gold had been one of the billionaire investor's winning bets a few years ago, but not this year. His investments in gold and gold miners have suffered double digit losses for the past three months. In June, gold tumbled 12 per cent in the wake of...

 
New Caledonia struggles with high cost of living

New Caledonia struggles with high cost of living

New Caledonia is being urged to trade with its Pacific neighbours, rather than France, to cut the high cost of living.Thousands took part in mass demonstrations earlier this year, and trade unions called a general strike in response to spiralling...

ABC News, 10:10 in Business
 
Optimism about the US earnings season helps push global markets higher

Optimism about the US earnings season helps push global markets higher

Investors on Wall Street have looked past cuts to the global growth forecast by the International Monetary Fund, focussing instead on the start of company earnings season.The IMF now expects the global economy to grow by 3.1 per cent, down from the...

ABC News, 10:20 in Business
 
Resources industry faces 'skills shortage' amid job losses

Resources industry faces 'skills shortage' amid job losses

The director of a Queensland resources industry training body says there are still plenty of career opportunities in the sector.Thousands of jobs have been lost across Queensland in the past 12 months, due to lower demand and a significant drop in the...

ABC News, 10:20 in Business
 
Industry says the mining downturn is nothing new

Industry says the mining downturn is nothing new

The Western Australian Chamber of Minerals and Energy says fluctuating resource prices and job losses are a reality in the mining industry and the sector is used to them. Thousands of jobs have gone from the State's mining sector in the last year. The...

ABC News, 10:27 in Business
 

Chinese bid major test for new Treasurer

Yanzhou wants Yancoal. Photo: Michele Mossop Treasurer Chris Bowen could soon face his first major foreign ownership test, after the nation's biggest pure-play coal miner revealed that Chinese shareholders want to take the company private in a way...

TheAge, 10:41 in Business
 
Chinese bid major test for new Treasurer

Chinese bid major test for new Treasurer

Treasurer Chris Bowen could soon face his first major foreign ownership test, after the nation's biggest pure-play coal miner revealed that Chinese shareholders want to take the company private in a way that would be at odds with the government's...

 
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