China edged its way toward a credit crunch last week, spooking investors, businesses, analysts – and perhaps more than anyone – the banks themselves. Liquidity in the country's money market appeared to suddenly dry up after a ...
Tags: Risky Economy, credit crunch
Hints that the Federal Reserve could pull back on its easing efforts later this year sent stocks broadly lower, with high-dividend-yielding stock sectors leading declines. After falling modestly in the initial minutes following the ...
The Australian dollar slumped to a near three-year low during Asia trade after local economic data disappointed and Goldman Sachs warned the resource-rich country was at risk of a steep economic downturn. New government figures today ...
Tags: Australian Dollar, Service
For fiscal third-quarter 2013 (to end-March), optical component, module and subsystem maker Oclaro of San Jose, CA, USA, has reported revenue of $141.6m, down 11% on $159.5m the previous quarter and up 60% on $88.7m a year ago (which was ...
Tags: Oclaro Opnext, Electrical, Electronics
XsunX Inc of Aliso Viejo, CA, USA, which is developing hybrid copper indium gallium (di)selenide thin-film (CIGS) photovoltaic (TFPV) cell technologies and ‘CIGSolar’ manufacturing processes, has appointed Dr John R. Tuttle to ...
Tags: XsunX, Electronics
The corporate regulator has appointed a senior executive of Macquarie Group to fill one of its top posts amid a recent history of high-profile actions against the country's biggest home-grown investment bank. Cathie Armour, an executive ...
Tags: Macquarie Guru, Armour
Head ten minutes south of LAX on the 405, exit at El Segundo and you'll blunder upon a 200,000-square-foot concrete bunker lurking among the strip malls in this seedy bit of Los Angeles County. The low-slung structure, surrounded by a black ...
Apple sold approximately 38 million iPhones in the first quarter, an 8% increase over what it sold in the same quarter a year ago, an analyst said today. Brian Marshall of the ISI Group said today he was sticking with his estimate of 38 ...
Tags: Computer Products, software, apple
A unit of Aspen Insurance Holdings Limited (AHL), Aspen Reinsurance (Aspen Re) has established a new division, known as Aspen Capital Markets, to expand its footprint in the alternative reinsurance market. Aspen Re chief executive officer ...
Tags: Aspen Re, Capital Markets
The dollar recovered some lost ground today, helped in part by a mild recovery in gold prices and comments by the Reserve Bank of Australia signalling it is in no rush to cut interest rates further. While the Aussie still remains well ...
Property and casualty insurer ACE has established a $95m special purpose vehicle, Altair Re, to offer additional collateralized capacity for its global reinsurance business. The capital will be used to largely support ACE Tempest Re's ...
Tags: ACE, Special Purpose Vehicle
In another time the $5.07 billion price tag for NSW ports sold last Friday might have been the sort of deal to get a roll on for the market's deal junkies. After all, it's not often the market estimates for the price -- $2.5bn to $3bn -- ...
Tags: NSW, market estimates
The US door manufacturer Masonite has submitted an application to the US Securities and Exchange Commission for Stock Exchange listing. The application is in connection with the planned initial public offering (IPO) of the ordinary shares, ...
Tags: door manufacturer, door
PartnerRe, a provider of diversified reinsurance services, has established a new reinsurance sidecar facility, called Lorenz Re, to offer additional capacity to a number of its customers. Capitalized with $75m through the issuance of ...
US Securities and Exchange Commisssion chairman Elisse Walter has urged more international co-operation between securities regulators as they deal with increasingly borderless global capital markets thanks to the rise of the internet and ...
Tags: economy