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
Japan's largest refiner JX Nippon Oil & Energy has cut "slightly" its crude imports from Iran under a renewed annual contract beyond January 2013, company chairman Yasushi Kimura told Platts Monday. Speaking on the sidelines of a New Year ...
Tags: Japan, JX, crude imports, Iran
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
Surging derivatives trade on the Australian Securities Exchange last month helped offset the continued decline in equities trading as the market operator searches for new growth business. Investors are continuing to treat shares with ...
Tags: Hot Stock, ASX, sharemarket, Derivatives
Predictive analytics helps firms to get "about three per cent better at guessing" what a consumer would like to buy, according to the founder and chief of Applied Predictive Technologies (APT), Jim Manzi. "Realistically, what predictive ...
Tags: Predictive analytics, Applied Predictive Technologies, Computer Products
Bloomberg reported that Citic Trust Co a unit of China's biggest state owned investment company missed a bi annual payment to investors in one of its products after a steel company missed interest payments on the underlying loan. ...
Tags: loan repayment, Citic Trust Co
Barclays will reduce its IT spending by billions of pounds through the development of its own cloud-based technology,The Sunday Times claims. The Sunday Times reported that the firm could reduce costs by 90 per cent but failed to cite any ...
Tags: Barclays, cloud technology, IT costs, internal app store
Khaleejimes.com reported that remittances from the UAE are on track to record 15% growth in 2012 to USD 12.87 billion, surpassing the overall GCC growth rate in outflows at 12.57%. Mr Y Sudhir Kumar Shetty COO of Global Operations, UAE ...
Tags: UAE, Metallurgy, Mineral, remittances
Business Standard reported that NPCIL-Nalco Power Company Limited a JV between Nalco and NPCIL to set up nuclear plants will raise a term loan of up to INR 1,500 crore over the next three months to fund the construction of power generation ...
Reuters quoted Concord Energy saying that an oil storage terminal being built in the UAE port of Fujairah by Singapore based Concord Energy and a subsidiary of China's Sinopec is expected to start operations by late next year. Asia's ...
Tags: Oil Storage, Oil, Energy, oil products
On December 21,2012,Bank of China and Baosteel Group global cash management service overall framework agreement signing ceremony is held in Shanghai.As one of the first batch of"multinational company headquarter funds centralized ...
Tags: BOC, Baosteel Group, global cash management service agreement
For all the apocalyptic prognostications, 2012 turned out to be a relatively uneventful year from an information security standpoint. A cyber Pearl Harbor did not happen. Stuxnet and its kin did not take out any power grids or shut down ...
Tags: apocalyptic prognostications, 2012, information security, cyber
By John Lee. Twenty-two of Iraq’s 30 private banks made a combined profit of $366 million (427 billion Iraqi dinars) during the first nine months of the year, according to a study released by the Association of Private Banks in ...
Tags: Iraq, private banks, finance, investment
Yonhap reported that major global investment banks predicted Wednesday that China's economy will grow more than 8% in 2013, picking up from the slower growth pace this year. Goldman Sachs expected a modest recovery in the Chinese gross ...
Tags: global investment banks, China's economy, gross domestic product, China
Japanese buyers have agreed an aluminium premium of USD 240 per tonne with Rio Tinto Alcan for some January to March shipments, down from a record this quarter, reflecting easing demand as the world’s third largest economy slips into ...
Tags: aluminium premium, Japan, Rio Tinto Alcan, aluminium