The Australian dollar gained yesterday after US politicians agreed on a range of measures designed to avert sweeping tax hikes and about $US110 billion ($105bn) in spending cuts, known as the fiscal cliff. The agreement boosted sentiment ...
Tags: Australian dollar, US, Dollar, fiscal cliff
Australian markets got off to a roaring start to 2013 yesterday, with the avoidance of the January 1 US fiscal cliff of tax increases and spending cuts combining with rising iron ore prices to send the stockmarket on its biggest one-day ...
Tags: shares, 2013, US, fiscal cliff, stockmarket
The Australian dollar gained today after US lawmakers agreed on a range of measures designed to avert sweeping tax hikes and around $US110 billion in spending cuts, known as the fiscal cliff. After weeks of negotiations that had already ...
Tags: Australian Dollar, US, Fiscal Cliff, currency
“The most valuable commodity I know of is information.” (Gordon Gecko in “Wall Street” by Oliver Stone) Commodities have experienced a renaissance after the bursting of the internet bubble at the end of the ...
Tags: Commodities, Metallurgy, Mineral
Cotton, textile and garment industry stakeholders in Nigeria have asked the Government to release an intervention fund of around N1 trillion and also to extend the loan tenor rate, so as to support the industry. Speaking at a workshop ...
Tags: Cotton, textile, garment industry, Nigeria, govt support
Business Line reported that the India’s infrastructure players are passing through a tough phase as this year comes to an end. They expect a turnaround early next year as the Government seeks to fix sector concerns with reforms. ...
Tags: India, infrastructure, reform, roads projects
Despite a healthy economic growth, Canada’s economy lost 2,800 jobs in February, with at least 18% of those positions belonging to the mining sector. According to the latest report from Statistics Canada, released this morning, the ...
Tags: mining industry, mining, mining sector, mining market
The Federal Reserve announced overnight that it will continue monthly purchase of USD 40 billion mortgage backed securities buy additional USD 45 billion long term Treasury bonds and keep low interest rate unchanged until at least mid 2015 ...
Tags: aluminum, LME aluminum, LME aluminum inventories, aluminum prices
RBI in its Mid-Quarter Monetary Policy Review: December 2012, made no significant changes today, with cash reserve ratio (CRR) of scheduled banks unchanged at 4.25 per Cent. Consequently, the reverse repo rate under the LAF unchanged at 7.0 ...
Tags: significant changes, marginal standing facility, garment Industry
The good news for car buyers: Credit is loosening up, giving more consumers access to financing for buying a new or used car. The bad news? As car prices rise, the terms of the credit are getting worse. That's the conclusion of the latest ...
Tags: Credit, Auto Loans, long-term loans, Service
Metals USA, Inc a wholly owned subsidiary of Metals USA Holdings Corp announced that it has entered into a new seven year senior secured term loan in the amount of USD 225 million and has redeemed all USD 226.3 million of its outstanding 11 ...
Tags: Metals, loan debt, Senior Secured Notes
G&K Services Inc. reported operating results for the first quarter of its fiscal year 2013, which ended on September 29, 2012. First quarter revenue grew by 6.1 percent to $222.4 million, up from $209.7 million in last year's first quarter, ...
Tags: G&K Services Inc, Douglas A.Milroy, rental operations, direct sales
Perng Fai-nan, governor of the Central Bank of China (CBC), pointed out yesterday (Dec. 19) that the CBC will stick to the “properly loose” monetary policy in the first quarter next year. He expected Taiwan’s real interest ...
Tags: Central Bank of China, Taiwan', Real Interest Rates, Perng Fai-nan
Lenzing AG, global market leader in the production of man-made cellulose fibers, has successfully issued and placed a German Private Placement (Schuldschein) to the amount of EUR 200 mn (senior debt, unsecured) on the debt capital market. ...
Tags: Lenzing AG, cellulose fiber, debt capital market, transaction
PTI reported that Essar Shipping is planning to convert around INR 800 crore of total INR 5,500 crore debt into dollar loans to bring down the interest burden. Mr AR Ramakrishnan MD of Essar Shipping said that "We are planning to convert ...
Tags: interest burden, financing cost, domestic and foreign banks