Tuesday, May 8, 2007

Australian Mining Shares Drop, Led by BHP; Woolworths Leads Retailer Gains

(Bloomberg) -- Australian mining stocks fell, led by BHP Billiton Ltd. and Rio Tinto Group, along with prices of metals including zinc and nickel.

Woolworths Ltd. paced a gain in retail-related shares after the government's budget announced late yesterday included tax cuts and spending that will pump more than A$67 billion ($55 billion) into the economy.


Read more at Bloomberg Stocks News

No comments: