BUSINESS

Fortescue Hikes Bond Offer to 2 Billion

Fortescue Metals Group (ASX: FMG) announced on Thursday that it doubled its bond offerings to $2 billion from $1 billion. The amount raised will be used to pay for expansion plans.
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Firefox, Chrome in Development for Windows 8

Microsoft's Windows 8 users will have choice in web browsers as both Google and Mozilla are working on versions of their web browsers Chrome and Mozilla to work in the Metro environment.

Australian Stock Market Report - Midday 3/14/2012

Australian stocks are once again posting solid gains, on the back of positive gains in the US and Europe overnight. Retail sales in the US came in higher than expected overnight boosting investor sentiment, while encouraging comments from the US Federal Reserve about moderate expansion in the American economy also helped. Results of the US Bank Stress tests were also revealed overnight, with only four of the 19 banks tested failing, although one of them was Citi. The overall banking sector rose ...

Four US Banks Fail Fed Stress Tests

By Greg PeelI suspect the US Federal Reserve is a little bit peeved with Jamie Dimond, CEO of JP Morgan Chase, even if JPM is the Fed's poster child.

Aussie Exporters Hedging, Not Borrowing

By Andrew NelsonNew data from the Commonwealth Bank show an ever increasing amount of Australian exporters are curbing their borrowing intentions because of the continued strength of the Australian dollar.

March The Pivotal Month

By Rudi Filapek-VandyckFNArena has added another video to its Investors Education section on the website.

US Economy: Fed Sits, Again

Last Friday's strong jobs report for February and the revisions to December and January (producing nearly 290,000 new jobs in total) will mean the US Federal Reserve sits on its hands for another six weeks at least.

Corporates: Gunns In New Hunt For Money

Days after being rejected by a Kiwi billionaire, is there a new saviour on the horizon for embattled Tasmanian wood products group Gunns and its pulp mill project?

Warehouse Thanks Internet for Sales Boost

The Warehouse is inspired by a significant increase in online sales during the first half of its financial year, the New Zealand Herald reports. The Auckland-based company says internet revenue rose 60 per cent during the six months to January 29 this year.

Australian Stock Market Report - Midday 3/13/2012

The local share market is posting solid gains in early trade, despite a subdued night on global share markets after China posted its largest trade deficit in more than two decades. At lunchtime in the East, the All Ordinaries Index (XAO) is up 40.8pts or 1pct to 4329.

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