Stock Market & Financial News - Trading Room

GM mulls options ahead of court ruling

General Motors executives are awaiting a key court ruling that will determine whether they can establish a new company.

Shanghai plans more bull than Wall St

China's financial capital Shanghai plans to build a bigger version of New York's charging bull statue that sits near Wall Street.

Nigeria, Algeria, Niger in $12b gas deal

Three African countries have signed an accord to build a $US10 billion ($A12.7 billion) trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe.

Fonterra to pay Australian farmers more

Fonterra proposes paying its Australian farmers - who are contracted as suppliers, rather than as members - more this season than it is offering NZ farmers.

Japan may add noise to quiet hybrid cars

Japan's near-silent hybrid cars have been called dangerous by the vision-impaired and some users, an official says.

Oil market probes alleged rogue trader

Oil market officials in London have launched a probe into an alleged rogue trader who this week helped push prices to eight-month peaks.

Cape Lambert increases stake in DMC

Cape Lambert Iron Ore Ltd will take a 37 per cent stake in smaller iron ore explorer DMC Mining Ltd without triggering a takeover.

Australian reports

• Aust markets: Shares close lower after weak US lead
• Aust dollar report: $A ends lower off poor US jobs data
• Aust credit close: Bonds close mixed after local selloff

World reports

• World commodities: Oil, gold prices fall
• World markets: US stocks sharply down

Stocks to watch

ANZ, BHP, FEA, GNS, RIO, SGM,

China fund to buy $US1.5-bn stake in Canadian miner

BEIJING, July 4 AFP 2:44PM China's sovereign wealth fund says it will buy $US1.5 billion ($A1.9 billion) worth of shares of the Canadian mining company Teck Resources Ltd.

Fonterra plans to pay Aust more for milk than NZ

AAP 2:12PM NZ Fonterra (Reissuing)

Overseas Stocks - July 4

AAP 10:49AM NEW YORK:Abbott Labs 46.28, Abercrombie 23.98, ADC Telecom 7.59, Adobe Systems 27.64, Advantest Corp 18.00, Aetna Inc 24.05, AFFL Computer 43.40, AFLAC Inc 29.43, Alcatel-Lucent 2....

London Metals Bulletin - July 3

AAP 10:35AM LME AFTERNOON UNOFFICIAL PRICESMETAL CASH 3 MONTHS 15 MONTHS 27 MONTHSCOPPER 4970.0/4980.0 4985.0/4995.0 5005.0/5015.0 5000.0/5010.0TIN ...