Aussie dollar opens 1.3 cents higher
The local unit opened 1.3 US cents higher today as strong earnings reports in the US underpinned investor confidence for equities and commodity-driven currencies.
Blackstone / GSO Capital Solutions Fund Closes on Over $3.25 Billion
GSO Capital Partners LP, the credit business of The Blackstone Group (NYSE: BX), has announced the final closing of the Blackstone / GSO Capital Solutions Fund (“the Fund”) with total commitments of over $3.25 billion.
The Fund’s strategy is focused on providing privately negotiated “capital solutions” to companies in need of liquidity or significant capital structure transformation due to pending covenant violations, debt maturities, cyclical downturns in their businesses or other funding r...
Greenwich Global: Hedge funds limit losses in June as markets continue to fall
Hedge funds as measured by the Greenwich Global Hedge Fund Index (“GGHFI”) cut net exposures and limited the losses experienced by markets in June. The GGHFI shed 0.84% compared to global equity returns in the S&P 500 Total Return -5.23%, MSCI World Equity -3.56%, and FTSE 100 -5.23% equity indices. 42% of constituent funds in the GGHFI ended the month with gains.
IG Markets Morning Prices
In the US overnight, stocks climbed for a sixth session in a broad based rally. Optimism over stronger-than-expected results from Alcoa and Intel, as well as a positive bond auction in Greece were the main catalysts.
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Uranium: ERA Shares Down As Output Estimate Cut
Energy Resources of Australia shares fell more than 4% yesterday after it reported a 36% slump in first-half uranium ox...
Mining: Iluka Confident
Meanwhile, mineral sands miner, Iluka Resources, has warned that rutile production at its Murray Basin stage 2 project ...
Cuts: Emeco Cuts, Restructures
A big day yesterday for earthmoving equipment provider, Emeco Holdings.It revealed in a statement to the ASX that it is?...
The Overnight Report: Six Days And Seven Percent
Wall Street surged higher once more in the wake of positive initial earnings. Intel's post-market result suggests a seventh consecutive rally tonight. Dow up 146.
Why China's Property Market Should Not Be A Concern
Beijing's pressure valve of increased low-end housing supply may even serve to support sustainable property prices in China, suggests GaveKal, rather than spark a much feared crash.
Question Marks Remain For Oz Pathology Sector
Both credit Suisse and Deutsche bank have reviewed the Australian pathology sector to account for changes in market conditions and expectations.
China: Hardline On Property, Lending
The Chinese government has laid down the law to the country's property and steel industries, and in doing so caused cons...
IG Markets Australian Market Wrap
The Australia 200 CFD Index finished 0.7% lower, with material, energy and industrial names detracting the most points.
Aussie dollar breaks 3-wk high
The Australian dollar collapsed from near its highest in three weeks as a report likely to show economic growth in China-the country's largest trading partner-has likely slowed down.
Chinese investors float takeover bid for AIG’s Asian insurance unit
Chinese investors represented by four consortiums appeared to be eyeing US insurance giant American International Group’s (AIG) Asian unit AIA Group for possible acquisition following Britain’s Prudential unsuccessful bid to takeover the insurance arm in June.
Pimco grades Australia as top destination for investment
Pimco said Tuesday that Australia has solid economic fundamentals and is one of the top destinations for investment.
IG Markets Morning Prices
Across Asia, regional markets are mostly lower this afternoon, choosing to ignore Alcoa's better-than-expected Q2 earnings result and instead focusing on Chinese comments reiterating their intention to curb property prices.
Iron ore export trials set to leave Townsville for China
The Townsville port is on the cusp of experiencing growth in its iron ore shipments, with the first shipment of two trial batches set to leave the port tomorrow bound for China’s Beilun Port, near Shanghai.
Australian Stock Market Report - Midday
The Australian sharemarket is gaining for the 2nd day this week with the All Ordinaries index (XAO) flat at lunch.
Stock market starts sluggish
A sluggish morning trading affected Australia's stock market S&P/ASX 200 Index as it declined 0.3 percent to 4,397.50 as of 12:48 p.m. in Sydney. New Zealand's NZX 50 Index shed off 0.3 percent to 3,004.56 in Wellington.
Ceramic Fuel earns citation in Germany for innovative technology
Australia’s Ceramic Fuel Cells Ltd has been given an innovation award on Monday for its work on developing energy-efficient electricity generation units, as handed out by the NRW.INVEST in Germany.
Uranium Struggles
The inability of the spot uranium price to break out of the doldrums (down again this week) has led to broker target price cuts for Australian miners.
Oz Business Conditions, Confidence Little Changed In June
National Australia Bank's Monthly Business Survey for June showed business oconfidence levels were steady as conditions improved slightly.
Alcoa reports unforeseen boost on earnings
Giant aluminium firm Alcoa reported on Monday that its second quarter net income peaked to $155 million, far exceeding the company’s previously announced earnings guidance and improving from the quarterly loss it suffered from the previous year.
US Sovereign Debt Downgraded (By China)
The recently established Dagong credit rating agency has made its first sovereign assessments, rating US bonds AA, Britain's AA- and Australia's AAA.
Australian Stock Market Report
US Federal Reserve chairman, Ben Bernanke, has indicated that improving small business access to finance is a key factor needed to support economic recovery.
World Market Overview
U.S. stocks edged up Monday, led by technology stocks, including Microsoft and SanDisk, following ratings upgrades from analysts, although jitters over second quarter earnings reports and disappointing import data from China weighed on Alcoa and other materials stocks.
Daily Forex Commentary 13/7/2010
Australia's dollar fell from its highest level in almost three weeks to an intraday low near 87 cents on the back of a drop in imports of iron ore and copper by China, the nation's biggest trading partner.
The Overnight Report: Off To A Good Start
Alcoa's after-the-bell result beat expectations and that's all that matters. Wall Street went nowhere all session as it waited. Dow up 18.
IG Markets Morning Prices
On Wall St, US markets rose for a fifth straight session as analysts upgrades of technology stocks bolstered optimism ahead of the Q2 earnings season.
Aussie dollar opens stronger
The Australian dollar opened higher today, strengthened by a positive close on Wall Street.
Australian Stock Market Report - Closing
The first day of the new trading week saw stocks finishing slightly higher with the All Ordinaries index (XAO) rising by 0.3pct or 15pts to 4429.5.
IG Markets Australian Market Wrap
The Australia 200 CFD Index was 0.3% higher at 4409, with energy and material names all outperforming.
Australian stocks ended firmer on Monday
Australian stocks ended firmer on Monday, overcoming a weak start to finish marginally higher on a quiet day when market players stayed mostly on the sidelines.
Australia's Four, Giant Banks swamped by debt papers
Morgan Stanley has foreseen that Australia's four largest bank institutions are about to flood the market with bond sales as they seek to refinance notes and fund lending initiatives, which in turn will push costs for the most indebted.
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