Carbon Energy Limited (ASX:CNX) releases June 2010 Quarterly Report.
Incitec Pivot Ltd
The Australian market was stronger this morning after European Union finance ministers agreed to create emergency measures totalling more than 500 billion euro to help eurozone countries facing financing trouble. The fund involves 440 billion euro from eurozone governments and another 60 billion euro of loan funds coming from the European Commission.
Krucible Metals Limited (ASX:KRB) are pleased to announce that the Scoping Study has been completed on the Korella (formerly known as PHM South) high grade phosphate deposit, located about 150 km SE of Mount Isa and immediately adjacent to the Phosphate Hill Mine (owned and operated by Incitec Pivot Ltd).
Australian sharemarket closed flat in thin trade on Monday ahead of the release of more earnings reports. But some investors started to return to the market after the massive drops the past four weeks. The benchmark S&P/ASX200 index climbed 7.3 points, or 0.2 per cent, to 4521.4, while the broader All Ordinaries index gained 6.3 points, or 0.1 per cent, to 4538.8.
On Friday, the US stocks were boosted by the encouraging earnings from major retailers and The Walt Disney Co. A record number of U.S. companies beat earnings expectations in the third quarter. This week a new round of economic data including retail sales, inflation readings and housing starts will be the focus after most corporate results already reported.
The Board and Management of Carbon Energy Limited (ASX:CNX)(PINK:CNXAF) are pleased to announce that it has successfully completed a share placement of approximately 74.4 million ordinary shares at $0.43 to raise $32 million. Strong interest from both domestic and overseas institutional and sophisticated investors has resulted in the issue being oversubscribed.
The Australian shares ended marginally higher last Friday. The benchmark S&P/ASX200 index was up 3 points, or 0.1%, to 3941.7, while the broader All Ordinaries Index rose 7.5 points, or 0.2%, to 3919.6.
The Australian share closed slightly higher lifted by miners. The benchmark S&P/ASX200 index ended the day up 0.7%, or 25.7 points, at 3672.3, while the broader All Ordinaries index rose 0.8%, or 29.3 points, at 3615.6. For the week, the ASX200 added 6% and the All Ordinaries rose 6.2%.
Yesterday, Australian shares slumped to their lowest close since October 8, 2004. The benchmark S&P/ASX200 share index plummeted 5.9% to 3697.3. The broader All Ordinaries index fell 211.2 points, or 5.44 per cent, to 3,672.4, its weakest close since October 1, 2004. Analysts said although local stocks may rebound after rise in US stocks and oil price, markets worldwide still have a significant unsettling economic outlook.