The sharemarket ended a three-day losing streak yesterday as the latest earnings results from US aluminium giant Alcoa reassured investors in the resources-heavy domestic bourse, with high-yield and defensive sectors of the market well bid. ...
Tags: aluminium, Alcoa, market well bid, aluminium market
The Australian dollar's moves yesterday reflected the differing pressures on the currency as a major international bank, HSBC, yesterday expressed concern about its long-term strength. The dollar broke through the $US1.05 level in trading ...
Tags: HSBC, dollar, international bank, Australian dollar
The sharemarket had it biggest fall in five weeks yesterday, with financial, material and industrial stocks leading the decline as global equity markets lost momentum following strong gains last week after the resolution of the US ...
Tags: sharemarket, financial, material, industrial stocks, global equity markets
London copper rose more than 2% on Wednesday, headed for its biggest daily rise since mid-November, as the US Congress struck a deal to avert a fiscal disaster and upbeat China data indicating steady improvement in the world's top copper ...
Tags: London, copper, copper consumption, metal induatry
Market watchers predict the local sharemarket will forge further ahead this year after surging almost 15 per cent last year, the result of a second-half recovery that defied concerns about sovereign debt in Europe and the US and a Chinese ...
Tags: shares, 2013, non resource sectors, sharemarket
Strong Chinese manufacturing data was not enough to shake the Australian dollar from its slumber yesterday, with traders glued to any news from Washington as talks over the so-called fiscal cliff went down to the wire. The Aussie ...
Tags: Aussie dollar, Washington, negotiations, fiscal cliff
CITI has ended rival UBS's 11-year streak at the top of the stockbroking heap, as brokers warn that an imminent uptick in market activity is unlikely after the worst year since 2005. "I would say next year will be similar to this year in ...
Tags: CITI, an imminent uptick, stockbroking heap
The Nasdaq stock exchange in New York is to pay$40m compensation for technical problems that caused confusion on Facebook's first day of share trading. The stock exchange plans to pay$14m to its affected member firms,with the balance to ...
Tags: Nasdaq, compensation, facebook confusion
Swiss bank UBS is planning to take legal action against Nasdaq OMX Group to recoup losses it made related to the Facebook IPO, the company said on Tuesday as it reported its second quarter results. As a result of "the gross mishandling of ...
Tags: UBS, legal action, Nasdaq OMX Group, Facebook IPO
The industry that you expect to hit the IT headlines on a regular basis has not let us down in the last 12 months,despite continued tough market conditions. With customer demands changing,banks have to innovate around things like mobile ...
Tags: Financial Services, IT, bank, mobile banking, Barclays, RBS
AT&T is on pace to sell a record number of smartphones in the fourth quarter, with strong sales of the iPhone 5 and Android phones such as the LG Optimus G and HTC One X, AT&T Mobile CEO Ralph de la Vega said today. AT&T sold 6.4 million ...
Tags: record number, smartphones, fourth quarte, iPhone 5, Android phones
Bloomberg cited LLX Logistica SA, the Brazilian port operator headed by billionaire Mr Eike Batista saying that the most in a week after agreeing to lease space at its Acu complex to the local unit of French steel pipe maker Vallourec SA. ...
Tags: LLX Logistica SA, steel pipe, steel market, steel
Business consultancy Deloitte is using cloud-based IT service management (ITSM) from ServiceNow to support 13,000 employees in the UK and Switzerland. ServiceNow is a cloud-based service that automates IT support. Customers pay an annual ...
Tags: Deloitte, IT service management, IT support, IT industry
Apple reported Monday that it had sold a "record" 2 million units of the new iPhone 5 during its first three days of sales in China–a report that emerged as Wall Street analysts downgraded the Apple's stock because of perceived ...
Tags: Apple, Street analysts, stock, weekend sales
Brent Crude oil has, despite times of elevated uncertainty, been trading within a relative stable trading range during the last couple of years, especially compared with previous years where extreme peaks and troughs appeared. Looking ...
Tags: oil price, Brent Crude oil, Mineral Energy