US' big upstream operator Newfield Exploration has opened its long-awaited data room for its Malaysia and China assets, three months after announcing it would exit its overseas operations to focus on North American resource plays, its CEO ...
The sharemarket rebounded yesterday after two days of losses, as the dollar tumbled again and government bond yields also fell. The benchmark S&P/ASX 200 closed up 0.3 per cent at 5180.8 after hitting an intraday high of 5194.9. However, ...
Tags: Stocks, Dollar, Bond Yields
The stalled initial public offering market has shown signs of life after Virtus Health was priced at the top of the range, raising $339 million in the biggest private equity float since KFC franchisor Collins Foods in 2011. After strong ...
Tags: IPO Market, Virtu, Health&Medicine
Smartphone maker BlackBerry is to port its popular BlackBerry Messenger (BBM) tool to Android and iOS. It will be available on all three platforms by the summer, claims the company, and crucially will be free. Further reading Analysis: ...
Tags: Blackberry, BBM, Apple, Android, Smartphone
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
UBS bought additional 9.58 million shares or a 0.17% stake in China Minsheng Banking Corporation at HKD 9.786 a share or HKD 93.75 million in total to lift its holding to 6.06% on April 25, the first additional share purchase in the recent ...
Buckeye Technologies Inc. and Georgia-Pacific LLC announced that they have reached a definitive agreement for Georgia-Pacific to acquire all of the outstanding shares of Buckeye Technologies' common stock for $37.50 per share in cash. The ...
Tags: Georgia Pacific, Textile
Equity fund managers marginally beat the market in the first quarter, with income-focused funds performing best as the global hunt for yield drives up stocks such as banks and property trusts. For the three months to the end of March, the ...
Tags: Yield, Equity Funds
In another time the $5.07 billion price tag for NSW ports sold last Friday might have been the sort of deal to get a roll on for the market's deal junkies. After all, it's not often the market estimates for the price -- $2.5bn to $3bn -- ...
Tags: NSW, market estimates
Like a dog-eared Margaret Fulton recipe, demergers have stood the test of time in terms of their ability to cook up instant shareholder value -- in the short term at least. While ever popular as a corporate ploy, the urge to demerge has ...
Tags: Surge, Margaret Fulton recipe
WITH $600 stuffed in one pocket and a smartphone tucked in the other, Patricio Fink struck a deal that's joining thousands like it in a virtual revolution. The Argentine software developer was dealing in bitcoins - getting an injection of ...
Russia's Gazprom and Dutch company Gasunie have signed an agreement to explore the possibility of expanding the Nord Stream gas pipeline as well as setting up other gas infrastructure projects in Northwest Europe and the UK, the companies ...
Tags: gas, Metallurgy, Mineral, Energy
INVESTORS traded through the political leadership drama in Canberra yesterday with an eye firmly on the federal election in September, encouraged that almost three years of minority government that has contributed to uncertainty on policy ...
The sharemarket closed lower today, dragged down by the four big banks. At the close of trade, the benchmark S&P/ASX200 index was down 25.5 points, or 0.5 per cent, at 5092.4. The All Ordinaries index was down 24.2 points, or 0.47 per ...
Tags: sharemarket, four big banks, trade
The sharemarket fell yesterday as banks came under pressure when data showed home-loan approvals fell, and a strategy update from National Australia Bank failed to impress investors. The benchmark S&P/ASX 200 closed down 0.5 per cent at ...
Tags: sharemarket, data, home-loan approvals