Brickworks Limited (ASX:BKW) today announced that it has signed an agreement to acquire the Girotto(TM) and Gocrete(TM) precast concrete panel businesses from Boral Limited (ASX:BLD) for A$13.8 million.
The Australian stocks market opened higher for a fourth straight day led by financial sector. The benchmark ASX 200 share index was up 0.36 per cent while the broader All Ordinaries increased 0.26 per cent in early trade.
Hosted by the China Ministry of Land & Resources and the Tianjin Municipal Government, the 12th annual China Mining Congress & Expo 2010 will be held at the Tianjin Meijiang Convention and Exhibition Center from November 16 through 18, 2010. The theme of this year's Congress & Expo is: The World and China in Mining Consolidation: Co-operation, Responsibility and Development.
BlueScope Steel (ASX:BSL) has signed a long-term joint collaborative technical agreement with Japan's Nippon Steel Corporation (TYO:5401) to develop next-generation coated steel products for global building and construction markets. Under the agreement, the two companies will undertake joint research and development.
CuDeco Limited (ASX:CDU) has signed a contract with Sinosteel Equipment and Engineering Co. Ltd for the basic engineering design for the Rocklands Group copper project in Queensland, Australia.
The Australian market dropped sharply at opening on Monday following a plunge in Wall Street Friday. The Dow Jones Industrial Average tumbled 2.52 per cent Friday after disappointing earnings reports from Bank of America, Citigroup and General Electric. Sharp falls in consumer confidence data also fueled concerns on US economy recovery.
Australian shares dropped Thursday after the mix leads from Wall Street. Sentiment was dented after the Federal Reserve slightly lowered its economic forecast, while the positive earnings reports and upbeat company outlooks helped to support the US market. Today in early trade, S&P/ASX200 index lost 0.75 per cent while the All Ordinaries fell 0.65 per cent.
