The dollar has pushed higher, helped along by continued strength on sharemarkets. At 5pm AEST today, the Aussie was at $US1.0556, up from $US1.0521 yesterday. OzForex chief currency strategist Jim Vrondas said the local currency ...
Tags: Dollar, Sharemarket Strength
The Australian dollar opened higher as a fresh bout of US dollar weakness and firmer commodities prices pushed the local currency towards 105 US cents. At 7am AEST the dollar was at 104.90 US cents, up from yesterday’s local close ...
Though the tech IPO market has gone from a boil to a simmer, some companies in areas such as big data and cloud-related technology are plunging in. Just this week, business intelligence software provider Tableau Software and cloud-based ...
Tags: tech IPO market, tech IPO
NYMEX May crude settled 16 cents lower at $97.07/b on Monday, as the complex came under pressure from a combination of weaker-than-expected US manufacturing data and the closure of ExxonMobil's 96,000 b/d Pegasus crude pipeline on Friday. ...
Tags: NYMEX Crude, Pipeline
INVESTMENT banks, suffering the softest period for takeover completions in almost a decade, are facing the prospect of another weak year of deal-making as companies remain cautious and shy away from big mergers and acquisitions. In ...
Tags: M&A, Downward Spiral, economy
Gas for day-ahead delivery continued to fall Wednesday from Monday's seven-year high following a return to operations of the Norwegian Nyhamna processing terminal and strong imports, which saw the system well supplied with little reliance ...
Tags: UK, Gas, gas industry
THE Dow Jones Industrial Average has edged closer to an all-time closing high, as investors brushed off steep losses in China's equity markets and pushed major benchmarks higher. The Dow rose 38.16 points, or 0.3 per cent, to 14127.82, to ...
NYMEX April crude settled 29 cents higher at $93.13/barrel Friday after a largely rangebound trading session, bouncing back slightly after a two-day selloff. "We're pretty unchanged with the market attempting to stabilize after the ...
The dollar was sharply lower today amid rising concerns that the US central bank might soon take steps to start withdrawing the stimulus measures that have supported the world's biggest economy since the global financial crisis. Minutes ...
Tags: Dollar, financial crisis, financial
A TOP BlackRock executive said there was little evidence of a meaningful switch by global investors into equities from fixed-income assets, even after recent strong sharemarket gains. "There appears to be a lot of cash coming off the ...
Tags: shares, investors, sharemarket
Shares were on track for their biggest fall in three months after minutes from the Federal Reserve's most recent policy-setting meeting showed rising unease about the US central bank's recent stimulus efforts. Domestic earnings reports had ...
Banks, property trusts, consumer staples and energy companies pushed the sharemarket to its highest close since September 2008, as investors digested earnings reports while awaiting the overnight release of minutes from the US Federal ...
Tags: Banks, property trusts, consumer staples, energy companies
The Australian sharemarket index roared past the 5000 mark for the first time in three years yesterday as consumer confidence soared and Australia's blue-chip companies' half-year results beat investor expectations. Consumer confidence ...
Tags: Australian sharemarket, blue-chip, international equity markets
Campbell Soup Co has signed a deal with Grupo Jumex and Conservas La Costeña that will expand its manufacturing and distribution capabilities in Mexico but result in the loss of 260 jobs. The deal, announced today (15 February), ...
Tags: Campbell Soup, Mexico, jobs
US food group Campbell Soup Co. has recorded a drop in first-half profits as costs related to its acquisition of Bolthouse Farms hit earnings. Earnings in the six months ended 27 January fell to US$430m, a 7.3% decline on last year, the ...