THE dollar has opened firmer, with gains on US and European sharemarkets helping lift the currency near $US1.05. At 7am AEDT, the Aussie was at $US1.0486, up from yesterday's local close of $US1.0465. The local unit reached a high of ...
THE sharemarket jumped after Cyprus reached an in-principle agreement with the troika of international lenders on key parameters of a financial bailout, according to an EU official. Under the agreement, Cyprus' Laiki Bank would be split ...
Tags: economy
According to data released by the Japan’s Ministry of Economy, Trade and Industry (METI), Japan’s output of hot rolled (HR) stainless steel products totaled 226,700 tons in January, rising by 4.1% from a month ago. Among them, ...
Tags: HR Stainless Steel, Metallurgy, Steel
BlackBerry shares fell for the second day in a row after a disappointing US launch for the Z10 saw investment firm Goldman Sachs downgrade its rating for the Canadian firm. The downgrading comes just days before BlackBerry is set to ...
Tags: Blackberry, Computer Products, Consumer Electronics, smartphone
THE Australian sharemarket rose yesterday, with the financial sector accounting for much of the strength, after eurozone finance ministers approved a new agreement on Cyprus and the so-called troika of international lenders. The benchmark ...
Tags: economy
Taiwan-based tier-two LED firms Top Energy Saving System (TESS) and Lumitek have both announced the voluntary delisting of their common stocks from the emerging stock maket in Taiwan. TESS was established in October 2007 and has been ...
Tags: LED firms, LED, LED lighting
Nippon Steel & Sumitomo Metal (NSSMC) recently hiked its export quotes of grain-oriented electrical steel (GOES) by US$200/ton to China for April deliveries. Also, the company planned to raise the export quotes of non-grain oriented ...
Tags: NSSMC, Nippon Steel, Sumitomo Metal
UK natural gas prices for same-day delivery spiked as high as 150 pence/therm ($22.80/MMBtu) early Friday as a key pipeline that carries gas to the country from Continental Europe halted operations against a backdrop of cold weather and low ...
Tags: Gas Market, Interconnector Outage, Chemicals
Gateway Electronic Components has invested in increased levels of inventory of capacitor products from supplier Epcos. The Cheshire-based distributor has decided to increase its portfolio of general purpose polyester film capacitors with ...
Tags: Gateway Electronic Components, Epcos Capacitors, Consumer Electronics
US stocks gained ground, nearly erasing the week's losses for the Dow industrials as investors started to look past the latest euro-zone debt drama. For European markets, however, it was a different story, as the turmoil in Cyprus ...
Tags: economy
Competitively-priced cargoes of Indonesian thermal coal added to the downward pressure on Chinese spot prices Wednesday, with a Panamax spot cargo of Kalimantan 5,500 kcal/kg NAR coal heard placed into south China at $83/mt CFR basis, ...
Tags: Coal, thermal coal, Metallurgy, Mineral, Energy
Investors ignored positive offshore leads yesterday as political uncertainty grew following the dramatic events in Canberra throughout the afternoon. The benchmark S&P/ASX 200 closed down 0.2 per cent at 4959.4 points, reversing an early ...
Tags: benchmark, Canberra Chaos, Reverse
US stocks moved lower as prices took a hit from continued uncertainty about the fate of a bailout plan for banks in Cyprus and weakness in technology shares. The Dow Jones Industrial Average shed 90.24 points, or 0.6 per cent, to ...
THE sharemarket pared an early decline as bank stocks rose after Macquarie Equities upgraded its earnings estimates for the sector, while upgrading National Australia Bank from neutral to outperform. National Australia Bank, ANZ and ...
Political uncertainty may add to pressure on the sharemarket after Julia Gillard accepted a request from Labor Party powerbroker Simon Crean for a party vote on who should lead the party to the federal election in September. The ...
Tags: Stocks, Political Uncertainty, economy