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 ...
The Royal Bank of Scotland Group (RBS) is intending to dispose of 15.3% shares in its motor insurance startup, to boost its capital base ahead of regulators’ deadline. Representing nearly 229.4 million shares, the share sale will be ...
Tags: RBS, shares, motor insurance startup
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
United Bank of Switzerland (UBS) hans announced its China steel market analysis report recently; according to its report, UBS said the current market demand in China has stayed normal but mills' capacity utilization have still stayed at the ...
Tags: Steel Industry, Steel, Steel Industry Profit, steel market
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
But passing the half-way mark of this interim profit season, we now have proof that his real error was putting a super-profits tax on the wrong industry. While profits were sliding at Rio Tinto, OZ Minerals and Wesfarmers' coal division, ...
Tags: Stocks, investment, Australia
Market sentiment was aided by news that China's Citic Resources was taking a big stake in Alumina. The benchmark S&P/ASX 200 closed up 0.7 per cent at 5036.9. This year it is up 8.3 per cent after rising 15 per cent in 2012. Trading value ...
Tags: Citic Resources, Alumina, stock market
Investors are betting the Australian market index can continue to push decisively beyond the 5000 mark for the first time in seven years as results from some of the blue-chip stocks and a rise in consumer confidence lent support to another ...
Tags: blue-chip stocks, Australia, investment
Pressure is mounting on the banks to pass on to customers savings from the thawing in wholesale funding markets, with retailers and mortgage brokers seizing on revelations the banks are raising money at the cheapest rates in years. Ahead ...
Tags: rate cuts, funding markets, debt markets
Cost cutting is tipped to continue to be the focus of Australian companies when they release earnings results next month with investors looking for a more disciplined approach to growth plans after recent job losses and writedowns. ...
Microsoft's Surface RT tablet sold 1 million units in the fourth quarter, fewer than expected, according to a UBS analyst. The analyst, Brent Thill, had expected 2 million Surface RT tablets to sell. In a note to investors, he said that ...
Tags: Microsoft, Surface RT tablet, company news
Microsoft sold just one million Surface tablets in the fourth quarter of 2012, according to UBS analyst Brent Thill. That's 19 million fewer than the number of iPads sold by Apple in the same quarter, and half the number Thill originally ...
Tags: Microsoft, Surface tablets, tablets
Sales of Microsoft’s Surface RT tablet failed to meet expectations in the fourth quarter of 2012, selling just 1 million units, according to a UBS analyst. The analyst, Brent Thill, had expected 2 million Surface RT tablets to sell. ...
Tags: Microsoft, Suface RTs, Q4