The oil complex pushed sharply lower late in US trade Friday, extending an overnight selloff prompted by a stronger dollar, lower equities markets and OPEC's decision to roll over its 30 million b/d output target following Friday's meeting ...
Tags: Metallurgy, Mineral, Energy, Oil
Dell has written to shareholders they are better off accepting a bid from Michael Dell and Silver Lake to acquire the company than holding on to their shares. The company's independent directors have unanimously agreed to recommend the ...
Tags: Dell, Shareholder, Silver Lake
If cross-border rules currently proposed by the US Securities and Exchange Commission and the Commodity Futures Trading Commission are not harmonized, international derivatives markets could be damaged, according to exchange executives and ...
Tags: Cross-Border Rules, Execs Call
Continuing speculation about the future of the US Federal Reserve's asset-purchasing program in the wake of congressional testimony by Chairman Ben Bernanke sent the dollar sharply higher Wednesday, and augmented downward pressure on the ...
Tags: NYMEX Crude, Chemicals
ANZ Bank's better than expected half-year result yesterday was the trigger for a buying scramble in the big four banks that single-handedly pushed Australia's major sharemarket index up 65 points, or 1.2 per cent, to a five-year high of ...
Unilever’s ice cream sales in Europe have been hit by the poor Spring weather, it has emerged as the consumer goods giant announced its first quarter (Q1) results today (April 25). Unilever has relaunched Cornetto in Europe The ...
Tags: Poor Spring Weather, Ice Cream, Food
The Australian dollar sat just under 105.5 US cents heading into the start of the local trading day. At 6.30am AEST the Australian dollar was at 105.48 US cents, up from yesterday’s local close of 105.21 US cents. During the ...
AUSTRALIAN shares rose slightly in quiet trading yesterday after disappointing US non-farm payrolls data fuelled doubts about whether the world's No 1 economy would be strong enough for the US Federal Reserve to consider slowing the pace of ...
Tags: economy
The ICE Brent front-to-second month spread fell into contango during afternoon US trade Friday, the first contango between the two contracts since July 2, 2012. ICE May Brent was down $2.50 at $103.84/b after hitting a fresh eight-month ...
THE dollar is trading near $US1.046 heading into the start of the domestic trading day. At 6.30am AEDT, the Aussie was trading at $US1.0458, little changed from yesterday's local close of $US1.0455. During the overnight offshore ...
Tags: economy
Technology distributor Tech Data has admitted accounting irregularities originating in a UK subsidiary over the past three years. After the close of trading on Nasdaq today, US-based distributor Tech Data announced that it will need to ...
Tags: Tech Data, Computer Products, 2e2
Crude futures settled higher Thursday, with the ICE April Brent contract bouncing off Wednesday's 2013 lows to expire 90 cents higher at $109.42/barrel. The May contract settled up 72 cents at $108.96/b. NYMEX April crude closed US ...
Tags: Crude futures, crude, crude industry
The Inditex Group’s net sales in FY2012 (1 February 2012 to 31 January 2013) rose by 16% from 2011, to 15.9 billion euros. Net income totaled 2.3billion euros, an increase of 22% from a year earlier. In constant currency terms, net ...
Tags: Inditex Group, FY2012, net sales
Global food group Nestle said 2013 looks every bit as "challenging" as 2012, a year when profits increased but underlying sales growth slowed. The Swiss food giant reported a 11.8% increase in earnings of CHF10.61bn (US$12.02bn) in 2012. ...
The Tadawul All-Share Index advanced 0.10% to reach 7,062.98 Wednesday, the last trading day in the Saudi week. The gauge regained its momentum after a brief phase of sideways trading but the index faces a fierce resistance level at 7,150, ...
Tags: Saudi, cement, cement market