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International stock news

Rss Today on Proactive AU

2013-05-24

Dow Jones ends see-saw session, little changed

 
U.S. stocks plunged at the open with the Dow off 127 points at one stage, before investors hit the buy button as concerns eased about the Fed curtailing its bond buying program, with the Dow then jumping 41 points into the green. June gold was up 1.8% to US$1391 an ounce. In the pre-open markets, the Dow-mini is off 31 to 15,289. The ASX SPI is up 16 at 5086.
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Rss Today on Proactive UK

2013-05-24

Afferro deal offers IMIC 'highly attractive' opportunity in Cameroon

 
Haresh Kanabar, Executive Chairman of International Mining & Infrastructure Corporation, tells Proactiveinvestors why his firm is splashing out $190m on Cameroon-focused Afferro Mining. He talks about his firm's plans to get 2.5bln/t of iron ore stranded at the Nkout mine out of the country. Kanabar also discusses the terms of the deal and why IMIC chose to split payment between cash and a loan note.
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Rss Today on Proactive US

2013-05-24

U.S. retailers release mixed results in after hours

 
A series of American retailers reported a mixed bag of quarterly results after the bell. Sears Holdings (NASDAQ: SHLD) confirmed investor fears, sending the stock tumbling after the company reported a first-quarter loss twice as large as expected. After returning to the black in the fourth quarter following three-straight losing quarters, the Sears department store holding company says it lost $279 million, or $2.63 per diluted share.
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