BUSINESS

BP & Partners are to Invest $500m in North Sea’s Clair Field

On the 28th of March, it was made public that an oil consortium led by BP Plc would plow as much as $500 million in an appraisal drilling project in the Clair field near Shetlands Islands. The investment is expected to bring many benefits to North Sea oil sector.

Japan Witnesses Contraction in Factory Output in February

Official data showed that Japan witnessed a surprising contraction in factory output in February. The released figures highlighted a huge task ahead of the new government of the world's third economy. The government will have to work by the sweat of its own brow to get out of economic stagnation and deflation.

Australian Stocks: What Happened Today?

The analyst principally responsible for the production of this research report is: Howard Humphreys, Director & Lead Research Analyst, Seismic ResearchASX bucks regional drop on RBA, Easter returnAsian markets posted broad losses today on a soft lead from Wall Street after a report released overnigh...
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Australian Stock Market Report – Afternoon 3-28-13

Local stocks fell back into the red today, as concerns about Cyprus once again affected global sentiment. Banks in Cyprus will re-open tonight for the first time since the controversial bank bailout was floated, with investors concerned there could be a run on bank deposits.

Australian Stock Market Report – Midday 3-28-13

Uncertainties about Europe have again reared their head, rattling European and US blue chip stocks overnight. Locally, the Australian share market fell quite hard on open but is currently down around 0.3% at lunchtime in the East.

Australian Cash Holdings Down, Equities Holdings Up

Cash holdings of Australian investors have continued to decline, dropping to the lowest level since the inception of the bimonthly Australian Investor Sentiment Survey from the Australian Investors' Association (AIA) and FNArena in January 2011.

World Bank Willing to Work with its Challenger Development Bank from BRICS

The World Bank on Tuesday said that it was ready to support the new development bank being established by Brazil, Russia, India, China and South Africa (BRICS), in a statement just hours after the groups of emerging nations reached a deal to challenge nearly seven decades of World Bank dominance.

Australian Stock Market Report – Afternoon 3-27-13

The local market steadily improved throughout the session to end around its highest level of the day. The All Ordinaries Index (XAO) jumped by 0.9 per cent, which has completely made up for yesterday's tumble.

Australian Stock Market Report – Midday 3-27-13

Early trade on Wednesday has seen an improved tone compared to recent days. Investors have chosen to focus on the improved economic readings from the US in the last 24 hours rather than lingering European concerns. In Europe overnight there were modest gains for core markets (France, Germany, and UK etc.). Although financial stocks dragged the Spanish and Italian markets lower. In the aftermath of the Cypriot bailout, investors continue to reflect on the possibility that depositors could abandon...

T-Mobile Ditches 2-Year Mobile Phone Contracts to Regain Back Lost Buyers

T-Mobile, the fourth largest cellular network in the U.S., is attempting to change the rules of the game in the telecom industry by ditching the two-year mobile phone contracts. The company introduced on Tuesday a different pricing structure in a bid to regain 500,000 postpaid customers it had lost.

Australian Stock Market Report – Afternoon 3-26-13

Local stocks fell back into the red today, after the Dutch Finance Minister spooked investor sentiment claiming the Eurozone bailout for Cyprus could establish a template for other EU nations needing financial rescue. He then tried to backtrack, saying each case would be dealt with on a merit basis, but the damage was done with US markets closing lower.

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