GOLD held support at $US1100 despite pressure from concerns about the risk of higher Chinese interest rates weighing on the metal.
perth
* Oil retreats from 8-week intraday high above $83 * OPEC officials say prices within their desired range
* FTSEurofirst 300 ends 0.3 pct lower after 7-week highs * China inflation data raises concerns of tightening
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(Corrects in first paragraph to indicate dollar rose.) * U.S. trade deficit narrower than expected
* Chinese consumer inflation hits 16-month high * Weekly jobless claims fall, trade gap narrows
THE world’s top iron ore producer, Brazil’s Vale, is reportedly seeking a 90 per cent increase in prices and trying to shift from annual to quarterly contracts.
PETER Gammell is confident a controversial $3 billion bid to merge the Seven Network with private equipment group WesTrac will go ahead.
PERTH’S overflowing airport is in line for $120 million improvements.
WHATEVER happened to the “preliminary proposal” by Meijin Energy of a $220 million cash offer for Rocklands Richfield?