DuluxGroup Limited
News
Asian Activities Report for November 2, 2011 includes: DuluxGroup Limited (ASX:DLX) says today that its DGL International business in China will merge with a Hong Kong-based coating products producer, Camelpaint; International Coal Limited (ASX:ICX) has discovered a significant coal seam structure in its South Blackall Project in Queensland; Globe Metals and Mining Limited (ASX:GBE) has commenced the 2011 exploration program at the Salambidwe rare earth element (REE) project in southern Malawi; Canyon Resources Limited (ASX:CAY) has signed an agreement to acquire the Pinarello gold project in southwest Burkina Faso.
Australian shares rallied on Thursday after a strong lead from overseas market, and the gains were fuelled by the better-than-expected employment data in Australia. Total employment was up by 45,900 in June, compared to expectations of an increase of 15,000. Australia's unemployment rate in June was a seasonally adjusted 5.1 per cent, beating the economists' prediction of 5.2 per cent.
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