- RBS Australia re-initiates coverage on OceanaGold- Stock rated a Buy given strong cash flows and growth prospects- Dipidio project the major growth driverBy Chris ShawFollowing an absence of a few years, RBS Australia has re-initated coverage on OceanaGold ((OGC)) with a Buy rating.
U.S. stocks rose Friday as investors were encouraged by a bigger than expected increase in monthly nonfarm payrolls, but worries over Greece limited the gains.The Dow Jones Industrial Average closed up 54.57 points, or 0.43%, to 12638.74. Kraft Foods was the measure's best performer with a jump of 69 cents, or 2.1%, to $34.08, after the packaged-foods company's first-quarter sales and profit topped analysts' estimates.
The broker has been ranked number one in the Topfranchise survey rating Australia's best franchisors. The Topfranchise survey, launched three years ago by research company 10 Thousand Feet, has seen Smartline take top ranking each year. Smartline CEO Chris Acret said the ranking was particularly important as it reflected the sentiments of Smartline's franchisees.
Now General Motors Company (GM), second only to Toyota in global auto sales, has reported its fifth consecutive profitable quarter, posting net income of $3.2 billion, or $1.77 per fully-diluted share. Revenue in the first quarter ended March 31 increased $4.7 billion to $36.2 billion, compared with the first quarter of 2010.
Australian shares closed marginally weaker despite recovering from earlier lows caused by step falls overnight in commodity prices.
Equity prices in the US were mostly lower as investors eye Friday's employment report, which are now expected to come in even softer than the beginning of the weeks expectations.
Asian-focused hedge funds posted steady gains in the first quarter of 2011, a volatile quarter for Asian financial markets dominated a continuum of dramatic developments, including economic, financial, environmental, social and secular.
The energy sector led U.S. stocks lower Thursday as crude-oil prices plunged and jobs data disappointed, hurting expectations for the government's upcoming employment report.
Internet giant Google has launched its Google Shopping product search engine in Australia.
The number of millionaires worldwide will grow more than 70% by 2020 with the U.S. expected to have double the total number of families with a net worth of over $1 million, according to a report by the Deloitte Center for Financial Services.
After a two-week long outage of its PlayStation Network, Sony Corp. (6758) said that it is in the final stages of internal testing of the new system and will restore the popular gaming service "in the coming days".
Diversified Philippine industrial conglomerate San Miguel Corp. has completed its record-setting shares and bond global sale deal worth $970 million with the resumption of trading on the company’s stock on the Philippine Stock Exchange
Our ability to deeply understand the environment of leading and change, and to act with purpose and awareness can often be the reasons leadership initiatives succeed ... or fail.
The smartphone wars are fully engaged, with no clear winner in sight -- if there will ever be one -- despite the Nokia-Apple horse race.
- Tox Free expands via Waste Solutions acquisition- Purchase offers entry into Northern Territory Market- Deal earnings accretive, forecasts lifted- DJ Carmichael rates Tox Free as BuyBy Chris ShawIndustrial and hazardous waste management company Tox Free Solutions ((TOX)) recently announced the acq...
The National Bank of Australia Chief Executive Cameron Clyne on Friday said that Australia may be moving towards a "rising rate environment" and it is only a matter of time before the Reserve Bank of Australia announced a fresh round of interest rates hike,
By Rudi Filapek-Vandyck, Editor FNArenaI recently joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.
US jobless claims rose by 43,000 to 474,000 last week - marking the highest reading since August. Layoffs in the auto sector due to supply disruptions following the Japanese earthquake were expected to keep the labour market subdued in the near term.
By Greg PeelThe Dow fell 139 points or 1.1% while the S&P lost 0.9% to 1335 and the Nasdaq dropped 0.5%.
Vulpes Investment Management has been launched by Stephen Diggle, formerly one of the two cofounders of Artradis Fund Management. Vulpes, an alternative investments group, will cover multiple asset classes and offers products ranging from a new volatility fund to a global diversified fund and funds focused on agricultural land ownership and biotechnology.
Hedge funds will need to bow to the demands of their asset owners according the findings of a recent survey of hedge fund risk managers by Algorithmics, the leading provider of enterprise risk solutions. Asked to name the key market challenges currently facing hedge funds, survey respondents listed regulation and the pressure from investors for greater transparency as their biggest challenges.
HSBC Alternative Investments Ltd announces the expansion of its flagship HSBC GH Fund of Hedge Funds to clients holding CNH deposits.
The Australian dollar opens this morning at a rate of 1.0742 against the greenback, losing major ground against the US currency for a third consecutive day.
U.S. stocks fell Wednesday, pressured by disappointing economic data, weaker commodity prices and lackluster earnings reports.
European shares fell for the second straight day on Wednesday. Commodity prices continued to slide, US economic data was weaker than expected and investors fretted that China would continue to tighten monetary policy. In London trade shares in BHP Billiton lost 2.6pct with Rio Tinto down 3.3pct. The FTSEurofirst index fell by 1.4pct with the German Dax lower by 1.7pct and the UK FTSE was down by 1.6pct.
Indonesia’s economy, getting a boost from strong private consumption and investment flows, expanded by 6.5 percent in the first quarter compared to the year before, the Central Bureau of Statistics has reported
Amazon.com Inc. (AMZN) is expanding its publishing business with a new line of romance books, with the new imprint Montlake Romance.
National Australia Bank Ltd. (NAB) said cash earnings for the half year ended March 31, 2011, were A$2.7 billion, a 21.7% rise from a year earlier. First-half statutory net profit rose 15.9% to A$2.4 billion as it won mortgage customers and boosted fees from business banking.
Trainee pilots with as little as 200 hours of experience are flying Qantas Airways’ (ASX: QAN) budget airline Jetstar, according to the pilots' association.
Inflation in the Philippines gained speed to 4.5 percent in April, after 4.3 percent in March, the government National Statistics Office has announced
