THE S&P/ASX200 has turned down 0.1 per cent to 4966.6, paring a 0.4 per cent rise that followed overseas gains on stronger US economic data. The reversal comes as investors react to higher US bond yields, a falling Australian dollar, and ...
The sharemarket broke a five-day losing streak, as Japan's sharemarket stabilised and S&P500 futures pointed to modest gains on Wall Street. Resources stocks remained jittery after recent signs of weakness in China, while banks and ...
Tags: Stocks, sharemarket
The Australian dollar is slugging it out with the Syrian pound for the title of world's worst-performing currency. Once the darling of foreign-exchange traders, the Aussie has been out of favour since April 12. According to National ...
Tags: Syrian pound, Service, dollar
Title insurance, mortgage services and diversified services provider Fidelity National Financial (FNF) has signed an agreement to purchase mortgage-services provider Lender Processing Services (LPS), for about $2.9bn. Under the terms of ...
A SHOCK contraction in Chinese manufacturing and the prospect that the US Federal Reserve could soon unwind its quantitative easing measures rocked local markets yesterday, pushing the Australian dollar close to an annual low and wiping ...
The Australian dollar remains under pressure as banks slash forecasts and traders increasingly spruik shorting the currency. After a host of investment banks yesterday lowered their predictions for the dollar, HSBC today cut its year-end ...
Tags: Australian, Dollar, Service
US' big upstream operator Newfield Exploration has opened its long-awaited data room for its Malaysia and China assets, three months after announcing it would exit its overseas operations to focus on North American resource plays, its CEO ...
The sharemarket pulled back yesterday as profit warnings in the mining services and consumer discretionary sectors continued to drag on sentiment. The benchmark S&P/ASX 200 closed down 0.6 per cent at 5180.1 points after falling to ...
Tags: Stocks, Mining Services Companies, Profit
The sharemarket rebounded yesterday after two days of losses, as the dollar tumbled again and government bond yields also fell. The benchmark S&P/ASX 200 closed up 0.3 per cent at 5180.8 after hitting an intraday high of 5194.9. However, ...
Tags: Stocks, Dollar, Bond Yields
Can the old guard in business continuity and disaster-recovery services thrive in an era when the companies are looking at new ways to process business data? SunGard Data Systems, with decades of experience in availability services, is ...
Tags: Sungard, Cloud Service, Disaster Recovery
New Zealand-based Synlait Milk is evaluating plans for an initial public offering (IPO) , as part of its efforts to fund expansion and repay its debt. The company has not disclosed the amount it was looking to raise in the IPO. ...
Tags: Synlait Milk, Milk
Restoration Hardware today announced an offering of 7.5 million shares of its stock by existing stockholders, with the sellers granting the underwriters an option to purchase another 1.125 million shares. None of the proceeds will go to ...
Tags: Restoration Hardware, Furniture, Furnishing
PPG Industries vice president of investor relations Vince Morales will present at the Goldman Sachs Basic Materials Conference 2013 in New York on Tuesday, May 21, at 1:35 p.m. ET. Morales will discuss PPG’s strategic initiatives ...
Goldman Sachs, a global investment bank, has acquired 49% stake in India-based BPL Medical Technologies, a group company of BPL Limited, for INR1.1bn ($20.08m) The investment would help in expanding the business of BPL Medical ...
The stockmarket was awash with fresh optimism that the dollar may finally be on a sustained decline as it plays catch-up to the fall in interest rates and commodity prices, reversing a major earnings headwind several sectors have faced for ...