澳洲新闻 (ABC新闻快递) 2012-09-05
时间：2013-01-23 08:50:56
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Expansion plans are on hold at Fortescue Metals Group as it feels the pain of the slump1 in commodity prices. Several hundred jobs will be lost as non-essential work is cut back. The company says it will defer2 some developments until iron ore prices rise to higher levels. But work is continuing at the Christmas Creek3 Mine and the firetail deposit at its Solomon Mine.
The publisher of some of Australia's best-known magazines has been sold to German Media company Bauer. Nine Entertainment's deal is repoted to be worth about 500 million dollars. ACP publishes 52 titles, including Australian women's weekly, Cleo, Madison and Zoo Weekly. Nine Chief Executive David Gyngell says the decision will allow Nine to focus on its television and digital businesses.
Well, to the markets.
And on the first day of trading in the United States after the holiday on Monday, the Dow lost 55 points. The Nasdaq gained 8. The S&P 500 fell slightly. While in London, the FTSE fell 86 points.
Checking commodity prices.
West Texas Crude is trading at 95 US dollars a barrel. Tapis Crude is trading at 118 US dollars a barrel and gold is worth 1696 US dollars an ounce.
The Australian dollar is buying 102 US cents, 81 Euro cents and 64 pence
sterling4.
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