The statement issued after the conclusion of the two-day FOMC meeting confirmed that the Fed is in no rush to tighten monetary policy.
Leighton Holdings Ltd (ASX: LEI) says its Al Habtoor Leighton Group (HLG) has won two new projects in Abu Dhabi worth over AED600 million.
A major threat to banana plantations reportedly caused by bacteria became the focus of discussions at a scientific conference in the Northern Territory’s capital Darwin on Tuesday.
Strangely, Standard & Poor's yesterday put Japan on a creditwatch negative because of uncertainty about the amount of spending and borrowing for the reconstruction of the damage caused by the March 11 quake and tsunami and the impact of the Fukushima nuclear crisis.
Stocks powered to fresh multiyear highs, boosted by consumer optimism and strong earnings from industrial heavyweights. The Dow Jones Industrial Average gained 115.49 points, or 0.93%, to finish at 12595.37, a fresh three year high. The Standard & Poor's 500-stock index rose 11.99 points, or 0.90%, to 1347.24, while the Nasdaq Composite added 21.66 points, or 0.77%, to 2847.54.
PlayStation Network users were aghast that their personal information may have been acquired by "external forces".
FNArena has added another video to its Investors Education section on the website. In this video Advanced Trading Workshop's Jerry Simmons runs through some potential scenarios for silver, copper, EUR/USD and US equities.
Chinese heavy equipment maker Sany Group has disclosed plans to invest some $200 million in a plant in Indonesia as part of a company move to penetrate the Southeast Asian market and possibly Australia and Japan.
The S&P/Case Shiller composite index of 20 metropolitan areas declined 0.2pct in February - ahead of expectations for a 0.3pct decline. Prices in the 20 cities have fallen 3.3pct over the year and the index is holding just shy of its 2009 low.
In assessing the likely impact of the March quarter consumer price data later today, here's a reminder from the minutes of the April 5 meeting of the Reserve Bank board which left rates unchanged.
Beleagured Japanese firm Tokyo Electric Power Co (TEPCO) has announced that it will impose salary cuts of as much as 50 percent on top executives and about 20 percent on staff as it copes with the growing financial woes from its Fukushima Daiichi power plant.
Governments in the Asia-Pacific Region have admitted ballooning problems encountered among its tech savvy citizens.
Singapore commodities giant Olam International Limited has announced that it has notified NZ Farming Systems Uruguay Limited (NZFSU) of its intention to increase its equity in the company with the offer of NZ$0.70 per share for all of the shares in NZFSU totalling 22 percent.
By Greg PeelThursday: The Dow rose 52 points or 0.4% while the S&P gained 0.5% to 1337 and the Nasdaq added 0.
Thailand’s car companies implement steep production cutbacks for six weeks starting this week due to the shortage of parts from Japan that is now biting into their revenue position.
Indonesian car makers posted total sales of 225,413 units in the first quarter of the year, with Astra Motors cornering more than half of the total
The Australian share market closed more than one per cent higher heading into the longer than usual Easter break, with gold and energy stocks outperforming the index after commodity prices climbed overnight. On Thursday, the benchmark S&P/ASX200 index was 54.8 points, or 1.13 per cent, higher at 4913.8 points, while the broader All Ordinaries index was 55.5 points, or 1.12 per cent, up 4995.7. On the ASX 24, the June share price index futures contract was up 59 points at 4925 points, with 28,383...
Philippine share prices closed mostly higher Wednesday as investors regained their bearing after the previous day’s jitters caused by the Standard & Poor’s downgrade of US bonds.
Brazilian steel maker Cia Siderurgica Nacional SA (CSN) has accepted Rio Tinto Ltd's $3.9-billion takeover offer for the Africa-focused coal miner Riversdale Mining Ltd.
Existing home sales rose by a larger than expected 3.7pct in March. However the median home price fell 5.9pct in March. The inventory of existing homes for sales fell from 8.5 to 8.4 months worth.
- BHP quarterly production impacted by adverse weather- Reasonable result given conditions- No significant changes to earnings expectations- Brokers continue to see value at current levelsBy Chris ShawBHP Billiton ((BHP)) released its quarterly production report yesterday, a key feature being the im...
By John Browne, Euro Pacific CapitalIt is rare in recent history for precious metals to appreciate in parallel with the broader stock market.
By Richard (Rick) MillsAhead of the HerdAs a general rule, the most successful man in life is the man who has the best informationThe second half of the 20th century saw the biggest increase in the world’s population in human history.
By Greg PeelThe Dow rose 186 points or 1.5% while the S&P gained 1.4% to 1330 and the Nasdaq added a whopping 2.
Have no doubt; Coles Group continues to run rings around rival Woolies, no matter what anyone says.And yet the market only pushed Wesfarmers shares up 1.
The Aussie has run into some resistance around the US105 cent area and fell from this level during yesterday's domestic session.
The Australian share market closed sharply lower on Tuesday as investors fretted over Standard & Poor's (S&P) downgrade on its outlook for US sovereign debt. Stocks fell across the board.
A rise in the Japanese and Australian stock futures characterize both economies as U.S. housing starts to upsurge and earnings of companies beat estimates.
Australia's natural gas assets are being targeted by China's national oil companies this year, according to energy consultancy firm Wood Mackenzie.
Thailand is looking into proposals for a temporary ban on chicken egg exports coinciding with a planned freeze on domestic prices of the poultry product.
