BUSINESS

Philippine conglomerate San Miguel Corp. has raised $900 million in new capital from a public offering of common shares and convertible bonds to foreign investors

Australia is on track of an unprecedented mining boom, the country's Treasurer Wayne Swan in the Mining Weekly publications.

Brazilian steel maker Cia Siderurgica Nacional SA (CSN) has accepted Rio Tinto Ltd's $3.9-billion takeover offer for the Africa-focused coal miner Riversdale Mining Ltd.

Singapore's Tiger Airways' subsidiary in Australia has received a warning from the air safety regulator because of some concerns on its maintenance and flight trainings.

Existing home sales rose by a larger than expected 3.7pct in March. However the median home price fell 5.9pct in March. The inventory of existing homes for sales fell from 8.5 to 8.4 months worth.

- BHP quarterly production impacted by adverse weather- Reasonable result given conditions- No significant changes to earnings expectations- Brokers continue to see value at current levelsBy Chris ShawBHP Billiton ((BHP)) released its quarterly production report yesterday, a key feature being the im...

By Richard (Rick) MillsAhead of the HerdAs a general rule, the most successful man in life is the man who has the best informationThe second half of the 20th century saw the biggest increase in the world’s population in human history.

By John Browne, Euro Pacific CapitalIt is rare in recent history for precious metals to appreciate in parallel with the broader stock market.

By Greg PeelThe Dow rose 186 points or 1.5% while the S&P gained 1.4% to 1330 and the Nasdaq added a whopping 2.

Have no doubt; Coles Group continues to run rings around rival Woolies, no matter what anyone says.And yet the market only pushed Wesfarmers shares up 1.

The Aussie has run into some resistance around the US105 cent area and fell from this level during yesterday's domestic session.

The Australian share market closed sharply lower on Tuesday as investors fretted over Standard & Poor's (S&P) downgrade on its outlook for US sovereign debt. Stocks fell across the board.

Australia's Jetstar is preparing to file legal action against the Sydney Airport for its security lapse and causing flight delays and thousands of passengers stranded.

Budget airline Jetstar says it will seek damages after a Sydney Airport security lapse at Terminal 2 left thousands of its passengers stranded.

A rise in the Japanese and Australian stock futures characterize both economies as U.S. housing starts to upsurge and earnings of companies beat estimates.

Australia's natural gas assets are being targeted by China's national oil companies this year, according to energy consultancy firm Wood Mackenzie.

Thailand is looking into proposals for a temporary ban on chicken egg exports coinciding with a planned freeze on domestic prices of the poultry product.

Indonesian automotive components maker PT Astra Otoparts Tbk and NYSE-listed Visteon Corp. have announced the establishment of a new joint venture that will produce car parts for both the Indonesian and global markets.

- QRxPharma close to FDA filing for MoxDuo- Approval expected by middle of next year- Southern Cross upgrades QRX to Buy from Spec.

In New York, oil exchanged almost a two-day high as U.S. home construction numbers and company gross imparted a progressing economic outlook which then caused speculations about increased fuel demand.

- Rick Mills argues present Fed policies will ultimately prove inflationary- If correct, this should support higher prices for gold and silver By Richard (Rick) MillsAhead of the HerdAs a general rule, the most successful man in life is the man who has the best information“Common sense tells u...

Sydney Airport defended its decision to rescreen passengers after a security device lost power yesterday afternoon.

Total capital invested in the global hedge fund industry exceeded $2 trillion for the first time in its history, according to data released today by Hedge Fund Research, Inc. (HFR), the leading provider of hedge fund industry data.

Managed futures lost 0.91% in March according to the Barclay CTA Index compiled by BarclayHedge. Year-to-date, the Barclay CTA Index is down 0.39%.

By Greg PeelThe Dow closed up 65 points or 0.5% while the S&P gained 0.6% to 1312 and the Nasdaq rose 0.

US housing starts rose by a larger than expected 7.2pct to a seasonally adjusted rate of 549,000 in March. New building permits advanced by a sharper than expected 11.2pct to 594,000 in March, rebounding from February´s record low.

Global events during March, including ongoing political turmoil in the Middle East and North Africa, the surge in oil prices, and supply disruptions from the tragedy in Japan, have dampened US economic growth in the first half of 2011, according to the April 2011 Economic Outlook released today by Fannie Mae's (OTC Bulletin Board: FNMA) Economics & Mortgage Market Analysis Group.

Qantas shares hardly moved yesterday after the airline boosted its fuel surcharge for a 5th time this financial year to where the extra cost is more than some domestic and international routes to NZ.

Significant delays are anticipated at Terminal 2 tonight as a result of a power failure that caused a security breach shortly after 4pm at Sydney airport today.