Renewed demand for banking stocks has driven the overall Australian sharemarket higher. The benchmark S&P/ASX200 index was up 34.1 points, or 0.71 per cent, at 4825.9. The broader All Ordinaries index was up 29.5 points, or 0.62 per ...
Tags: Banking Stocks, Sharemarket
The latest U.S. Department of Agriculture (USDA) projections for 2013/14 indicate that global cotton stocks are forecast to rise for the fourth consecutive season, reaching an alltime high. World ending stocks are now projected at 92.5 ...
Tags: World Cotton, Apparel
The market hasn’t been kind to anyone betting against July, be it outright shorts or those ending up on the wrong side of the July/Dec spread, as the spot month exploded for a gain of over 1200 points in just nine sessions. July ...
Tags: NY Futures, Textile
Styrolution Europe has raised operating rates at its acrylonitrile-butadiene-styrene plant at Antwerp, Belgium to 80-85% capacity in June, a company source said Wednesday. The 250,000 mt/year ABS unit was running at 70-75% capacity in ...
Tags: Chemicals
The Australian share market has closed strongly, posting its biggest gain in a single day so far this year. Strong overnight gains in US stocks after positive retail and jobless data and reports suggesting stimulus measures there were not ...
Tags: Stock Market
Malaysia's re-elected Prime Minister Najib Razak announced yesterday that foreign investors and fund managers would be given five-year multiple entry visas, and that overseas corporations trading in oil and related products in the country ...
Tags: Najib Razak, Foreign Investors
Fears of a possible global slowdown as US money printing tapers off sent Asian markets into a tailspin yesterday, pulling the Australian equities market back towards a level that has all but wiped off the gains it has made this year. ...
Tags: Asian Markets
Apple on Monday took the wraps off iOS 7, revealing a dramatic new design that sheds six-year-old interface elements, and replaces them with a cleaner, more modern aesthetic. From top to bottom, the OS that powers the iPhone, iPad, and iPod ...
Porvair's Microfiltration division has acquired Eisenmann Metallurgical LLC, trading as Chand Eisenmann Metallurgical (CEM), in a deal worth US$5.5 million. CEM designs and manufactures porous sintered metal products, including specialist ...
Tags: Processing Machinery
Although most of Taiwan domestic carbon steel flat service centers have tried to hold the price not to drop furhter in Taiwan domestic market, it is still said that the new low price record of cold roll steel coil has falled to only ...
Tags: taiwan, Construction, steel
Analyst concerns that Galaxy S4 smartphone sales are lagging sent Samsung's shares down 6% early Friday. Samsung's Galaxy S4 The decline in Samsung's stock follows analyst worries that a more affordable Galaxy S4 Mini or the rugged ...
THE Aussie is higher as the greenback and Wall Street stocks fell after the Bank of Japan stayed quiet on any new stimulus measures. At 6.30am AEST, the dollar was trading at US94.41c, up from US94.02c yesterday. The Bank of Japan ...
Tags: Japan Concerns, Dollar
US stocks opened higher after government data said the US economy added 175,000 jobs in May. Ten minutes into trade, the Dow Jones Industrial Average was up 49.87 points, or 0.33 per cent, to 15,090.49 The broad-based S&P 500 put on ...
Tags: Serviceeconomy
SAP is at work on a new product called Sentinel that is supposed to be "nothing less than the Amazon for Stocks and the Facebook for Investors," according to a job posting associated with the project. "We take our metaphors seriously," ...
Tags: Stocks, Computer Products, SAP
The Cotlook A Index fell to around 90 cents per pound towards the end of May 2013, and the China Cotton Index (Type 328) fell to 19,350 Yuan per ton, or 142 cents per pound, during the same period. Assuming the current Chinese reserve ...