INSTITUTIONAL investors have slowed their uptake of electronic trading,in part to prop up the shrinking commissions being paid to Australia's battling brokers,new research suggests. The latest review of Australian brokers,carried out by ...
Tags: electronic trading, Australia, Peter Lee
BluGlass Ltd of Silverwater, Australia says that it has received commitments totalling A$2.35m (US$2.45m) for a placement of new fully paid ordinary shares to institutional investors. When the placement is settled later this week, ...
Tags: BluGlass, commitments, placement, shares, purpose
Copper supply shortages will extend into the first half of next year as an accelerating Chinese economy more than doubles the pace of growth in global consumption even as mines extract a record amount of metal. According to the ...
Tags: copper, supply shortage, metal, mines extract, slowing growth
The US Department of the Treasury has launched an underwritten public offering of $18bn of its American International Group (AIG) common stock, of which AIG is likely to purchase $5bn of the stock at the initial public offering price. The ...
Tags: Treasury, American International Group, underwriters, sale of securities
A small Hawaiian subsidiary of Australian energy and infrastructure company Macquarie said Thursday it wants to use natural gas to slow the stream of oil imported by the US' only island state. Hawaii already has a statewide plan to reduce ...
Tags: gas, gas accounts, energy, Oil
American International Group (AIG) said that the US Department of the Treasury has set an offer price of 30.50 per share for its 163,934,426 shares. The recent move to offload the AIG's share is a step ahead to free the money, it invested ...
Tags: American International Group, underwriter, Stock, insurance
US wholesale insurance broker AmWINS Group has completed the recapitalization with New Mountain Capital, a New York‐based private equity firm. AmWINS CEO Steven DeCarlo said the newly established partnership is an important next ...
Tags: wholesale insurance, AmWINS Group, recapitalization, equity firm
Macquarie Group, Principal Financial Group (PFG) in the US and Singapore based United Overseas Bank have submitted their bids to takeover ING’s Asian asset management business. The deal is expected to be valued at $500m to $600m, as ...
Julie Wise – Regional Manager Cotton Australia and Sally Ceeney – Stewardship Technical Specialist with the Cotton Industry Development & Delivery Team, have opened an office in Warren as “The Cotton Office” for the ...
Tags: Cotton Office, cotton industry, cotton market, cotton farm
Car rental firm Hertz Global Holdings has agreed to acquire Dollar Thrifty Automotive Group for about $2.3bn. Dollar Thrifty Automotive is a holding company for Thrifty Car Rental and Dollar Rent A Car, formed in 1990. Dollar and ...
Tags: hertz global holdings, dollar thrifty automotive group
Reuters reported that copper production at Chile's Codelco slipped 5 percent in the January to September period from a year earlier to 1.189 million tonnes as dwindling ore grades at ageing deposits dampened output. The state run miner ...
Tags: Chile's Codelco, Chile, Copper Output, copper
The office products industry's inaugural Christmas lunch held last Friday (16 November) was a resounding success with $22,500 raised for the Australian Office Products Charitable Fund. A capacity crowd of 200 guests attended the event, ...
Tags: OP Charity, office products, inaugural Christmas lunch, Sydney Harbour
IDG News Service-Analysts have predicted a trend towards moving IT from on-premise to off-premise,new cloud applications and an increase in spending on cloud services next year. IDC head of research Matthew Oostveen said with cloud ...
Tags: new cloud applications, cloud services, cloud computing
AllianceBernstein, an investment management firm has appointed Andrew C Terry as senior client advisor to its insurance services team, who will assist in delivering tailored solutions to meet clients' unique investment needs. According to ...
The committee responsible the annual Charity Golf Fun Day has announced a second event for 2012 aimed at the broader office products community - the Australian Office Products Charity Christmas Lunch. The inaugural event will be held in ...
Tags: Charity Christmas, Charity, ASA-Australia, Charity Golf Fun Day