The sharemarket pulled back yesterday as profit warnings in the mining services and consumer discretionary sectors continued to drag on sentiment. The benchmark S&P/ASX 200 closed down 0.6 per cent at 5180.1 points after falling to ...
Tags: Stocks, Mining Services Companies, Profit
Oil futures closed out the week in higher territory Friday, boosted by a strong equities performance even as the US Dollar Index climbed to a 34-month high. NYMEX June crude settled 86 cents higher at $96.02/b, after ranging from a low of ...
Tags: Oil Futures, Strong Equities
Investors have continued to cut back on share ownership, both directly and through managed funds, according to an ASX survey released today. The survey, conducted every two years, revealed that more than half a million people, or almost 3 ...
The sharemarket opened the week with a solid gain yesterday on signs of recovery in the US economy ahead of Federal Reserve chairman Ben Bernanke's monetary policy testimony on Wednesday (US time) before the joint economic committee of ...
Tags: Sharemarket, Solid Gain
THE sharemarket finished lower as weaker commodity prices weighed on the nation's biggest mining stocks. At 4.15pm AEST, the benchmark S&P/ASX200 index was down 26 points, or 0.5 per cent, at 5165.7 points, while the broader All ...
Tags: economy
The oil complex shrugged off largely bearish US Energy Information Administration data Wednesday as a rise in equities coupled with a technical bounce halted a four-day slide in June crude futures. NYMEX June crude rallied towards the ...
Tags: Oil Complex, Oil
High-profile stockbroker Charlie Aitken has weighed into the debate around the Australian dollar, saying that a wave of hedge funds could be set to short the currency and the biggest winners would be industrial stocks, not resources. As ...
Tags: Australian Dollar, Charlie Aitken
The sharemarket ended flat yesterday as companies with offshore earnings and high-yield stocks returned to favour, offsetting weak demand for resources. Investors' recent enthusiasm for resources was dampened by further declines in ...
The stockmarket was awash with fresh optimism that the dollar may finally be on a sustained decline as it plays catch-up to the fall in interest rates and commodity prices, reversing a major earnings headwind several sectors have faced for ...
Wuhan Iron And Steel Company Limited announces that the Hubei Provincial Government approves Hubei Province Investment Company to transfer 22.4 percent equities held Wuhan Iron And Steel Group Echeng Iron and Steel Co. to the company free ...
Tags: steel, Iron, Metallurgy, Mineral, Energy
Chengdu Corning Cable Co., Ltd. puts up 49 percent equities for sale at CNY 290 million on the Shanghai United Assets and Equity Exchange (SUAEE). Chengdu Corning Cable is a Sino-foreign joint venture and was established in Chengdu in ...
Tags: Corning Cable, Electrical, Electronics
FOR two years, Dion Hershan has been in fairly select company -- gloomy on the outlook for commodities and local resources stocks and upbeat about the US. Now, as real concerns emerge about a bubble in major-bank share prices, the Goldman ...
Tags: economy
Companies should be using the high dollar as an opportunity to invest in businesses offshore, says Francesco de Ferrari, a senior private banker with Credit Suisse. "Big companies should go on a shopping spree. The entrepreneurs get it ...
Tags: Credit Suisse Banker, economy
The dollar hit two-month lows after the central bank surprised economists by cutting interest rates to record lows and warned that the high exchange rate is continuing to act as a brake on growth. The Reserve Bank of Australia defied most ...
Tags: Dollar, Record Low
ANZ Bank's better than expected half-year result yesterday was the trigger for a buying scramble in the big four banks that single-handedly pushed Australia's major sharemarket index up 65 points, or 1.2 per cent, to a five-year high of ...