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 sharemarket started 2013 with a bang as US lawmakers agreed a budget deal to avoid the worst of the so-called fiscal cliff that had threatened to derail the world's biggest economy. The benchmark S&P/ASX 200 closed up 1.2 per cent at ...
Tags: sharemarket, 2013, US, fiscal cliff
Market watchers predict the local sharemarket will forge further ahead this year after surging almost 15 per cent last year, the result of a second-half recovery that defied concerns about sovereign debt in Europe and the US and a Chinese ...
Tags: shares, 2013, non resource sectors, sharemarket
Who: Aimia Foods Aim: The family-owned business needed to invest in its three sites in Haydock, North West England, and maintain its high standard of manufacturing products in the dry powder sector Spend: Undisclosed What: A new ...
Tags: Aimia Foods, manufacturing, powder, packing line, packaging
PTI reported that Japanese industrial solutions giant Hitachi will sign a contract with the Gujarat Government next month for setting up a sea water desalination plant in the State that will treat 0.336 million tonnes of water every day. ...
Tags: Hitachi, sea water desalination plant, industrial solutions
Russian president Mr Vladimir Putin on Thursday called for the billionaire owners of the Alfa-Access-Renova consortium to invest the USD 28 billion cash they will get from selling their 50% stake in TNK-BP locally. Mr Putin told reporters ...
Tags: Russian president, AAR, oil
Qatar has used its wealth from oil and natural-gas exports to buy all kinds of assets in safe-haven countries. The investment strategy by the nation's sovereign-wealth fund includes London luxury store Harrods, luxury hotels in France or ...
Tags: wealth from oil, natural-gas exports, safe-haven countries
Former TescoCEO Terry Leahy will take up the post of chairman at B&M Retail after private equity firm Clayton, Dubilier & Rice acquired a majority stake in UK discount retailer. B&M, owned by the Arora family, will continue to be managed ...
Tags: Tesco, Clayton, acquisition, discount retail
TA Associates private equity firm has signed an agreement to acquire a 30% stake in Zadig & Voltaire, one of the most successful French brands in the new luxury ready- to-wear market. Zadig & Voltaire represents TA's third investment in ...
Tags: boutiques, cashmere, childrenswear, knitwear, luxury, ready-to-wear market
Northwestern Mutual Life Insurance has appointed Ron Joelson as its new chief investment officer. Joelson, who is currently the chief investment officer of Genworth Financial, will succeed Mark Doll, who retires on 30 June 2012 following ...
UK-based general insurer Liverpool Victoria (LV=) has appointed Wendy Mayall as its new chief investment officer. In her new role, Mayall will be responsible for all elements of the company's investment strategy. She will provide advice ...
Tags: Liverpool Victoria, Wendy Mayall, chief investment officer
Lincoln Financial has appointed Ellen Cooper as the executive vice president and chief investment officer, effective from 6 August 2012. Cooper, who joins Lincoln Financial from Goldman Sachs Asset Management, will be responsible for ...
Tags: Lincoln Financial, Ellen Cooper, executive vice president
Philips CEO Frans van Houten has stated the company's commitment to expansion in Asia during a trip to Indonesia. The continent currently accounts for a third of the company's revenue and Philips said it intends to continue its investment ...
Tags: Philips, Frans van Houten, investment
Related government agencies will integrate the resources of state banks and public funds, totaling NT$300 billion in scale, to bolster the languid stock market via coordinated investment strategy, according to the program for bolstering the ...
Tags: Gov't Funds, Investment Strategies
Tesco is rolling out a range of virtual technologies for customers to use in-store, as part of its multichannel drive. The retailer is introducing a virtual mirror into three of its stores, which allows customers to try on clothes ...
Tags: Tesco, virtual technologies, virtual mirror, try on clothes, touchscreen