The sharemarket continued its fall yesterday, dropping back below 5000 points even though European and US markets brushed off concerns that plans for a deposit tax in Cyprus could reignite the European debt crisis. The benchmark S&P/ASX ...
Tags: sharemarket, Stocks, European Debt
Reliance Industries Ltd (RIL) is planning to invest Rs. 434.48 billion (about US$ 8 billion) in petrochemical projects over the next four years. The petrochemical investment is part of the about US$ 27 billion investment planned by ...
Tags: RIL, Petrochemical Projects, Textile
The sharemarket closed lower today, dragged down by the four big banks. At the close of trade, the benchmark S&P/ASX200 index was down 25.5 points, or 0.5 per cent, at 5092.4. The All Ordinaries index was down 24.2 points, or 0.47 per ...
Tags: sharemarket, four big banks, trade
The sharemarket fell yesterday as banks came under pressure when data showed home-loan approvals fell, and a strategy update from National Australia Bank failed to impress investors. The benchmark S&P/ASX 200 closed down 0.5 per cent at ...
Tags: sharemarket, data, home-loan approvals
THE sharemarket fell this morning, with National Australia Bank leading a sell-off in banks after its strategy update failed to give any fresh bullish catalysts, and its cost-cutting plan undershot market expectations. Banks were also ...
Gardner Denver, Inc. and Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”) today announced that the companies have entered into a definitive merger agreement in a transaction valued at approximately $3.9 ...
Tags: Gardner Denver, Kohlberg Kravis Roberts, merger agreement
First Solar Inc of Tempe, AZ, USA – which manufactures thin-film photovoltaic (PV) modules based on cadmium telluride (CdTe) as well as providing engineering, procurement & construction (EPC) services – has joined Munich-based ...
Tags: First Solar, photovoltaic, PV
SMILES have replaced the frowns on stockbroking dealing desks, as the rallying sharemarket and low interest rates drive investors back to equities. "There's no doubt we're busier than any other time post the GFC for secondary market ...
Tags: SMILES, sharemarket, market trading
The sharemarket resumed its upward march yesterday as corporate earnings encouraged investors to continue moving from cash and bonds to equities. The benchmark S&P/ASX 200 closed up 0.6 per cent at 5063.4 -- its highest since the ...
Tags: earnings, sharemarket, benchmark
Japan's Dai-ichi Life Insurance, Zurich Insurance Group and Allianz in Germany are gearing up to bid for the insurance arm of Turkish bank Yapi ve Kredi Bankasi, Yapi Kredi Sigorta, to expand their footprint in Turkey. Yapi Kredi Sigorta ...
Tags: Japan, Dai-ichi Life Insurance, Zurich Insurance Group, Allianz
"We're probably seeing three times the volume of applications compared with this time last year," said Adrian Hanley, head of equity lending at NAB. "We have had a significant lift in new client activity in the fourth quarter of 2012." ...
Tags: Margin Lending, Stocks, Australia
According to research firm Gartner, Big Data is currently still a solution looking for a problem, despite it being forecast to drive $34 billion of IT spending in 2013 and create 4.4 million IT jobs by 2015. While businesses are keen to ...
Tags: Big Data, Gartner, IT spending
DELL has unveiled plans to go private in a $US24.4 billion ($23.4bn) deal which would give founder Michael Dell a chance to reshape the former number one PC maker. "I believe this transaction will open an exciting new chapter for Dell, ...
The Australian dollar fell as a slower-than-expected rise in consumer prices in the fourth quarter stoked the case for another interest rate cut. Consumer prices rose 2.2 per cent in the fourth quarter from a year earlier and 0.2 per cent ...
The sharemarket rose yesterday, led by BHP Billiton after its first-half production report broadly met expectations. Australia's big four banks climbed on speculation that interest rates may drop further. The benchmark S&P/ASX 200 ...
Tags: sharemarket, BHP, banks