Australian renewable energy company, CBD Energy (ASX: CBD), has disclosed to the ASX it would finalise its joint venture with two of China's largest renewable energy companies and pursue A$6-billion worth of renewable energy projects in the coming years.
The US trade deficit narrowed by 2.6pct to $45.8 billion in February. US imports fell by 1.7pct in February, while exports fell by 1.4pct.
- As 2010 brought many disappointments, shares in CSG Ltd weakened more than 30%- Recently, stockbrokers seem to be warming towards the stock again- BA-ML has upgraded to BuyBy Chris ShawLast year marked a significant turnaround in the fortunes of information and communications technology group CSG ...
- Investors have this month become more optimistic on the back of improving data regarding US consumers- Paying attention to details, however, suggests some of these data are not as good as they seem- Proprietary surveys by the Consumer Metrics Institute shows US consumers are spending less instead ...
By Greg PeelThe Dow fell 117 points or 1.0% while the S&P fell 0.8% to 1314 and the Nasdaq lost 1.0%.Australia woke yesterday to an IMF report suggesting firstly that the string of natural disasters earlier in the year will impact on local economic growth and, more broadly, that there was a risk of ...
After a very strong run in recent weeks, the AUD has taken a breather overnight, with a drop in commodity prices and a stronger USD pulling the AUD back below the USD1.0500 level.
- Algae.Tec has established its US assembly centre- The company will shortly list in ADR form in the US- An independent report values AEB shares at $1.
Workers at the Royal Dutch Shell BV's fuel refinery at Clyde and Gore Bay Terminal in Greenwich, Sydney, NSW are in danger of losing their jobs as the company would likely convert its facility to a fuel import terminal.
Shell Australia says it plans to convert its Clyde Refinery and Gore Bay Terminal in Sydney Australia into a fuel import terminal.
Shell Australia Chief Ann Pickard declared yesterday Shell is in no rush to decide on the trade of its 24 per cent share in Woodside Petroleum to BHP Billiton.
Leighton Holdings Ltd. (Leighton) received ‘BBB’ long-term and ‘A-2’ short-term corporate credit ratings from Standard & Poor's Ratings Services.
- Spot U3O8 market goes quiet with few utilities buying only- It would appear a return to prices pre-Japan crisis remains unlikely for foreseeable future By Greg PeelOne assumes that the tone at last week's World Nuclear Fuel Cycle conference in Chicago would have been somewhat more sombre than if i...
By Greg PeelThe Dow closed up 1 point while the S&P fell 0.3% to 1324 and the Nasdaq dropped 0.3%.Will profit-taking be the story of this quarter's US earnings season? If Alcoa is any guide it might be.
- DJ Carmichael initiates coverage with Buy on Gindalbie- Karara project expansion should grow earnings- Value on offer despite a likely equity raising By Chris ShawGindalbie Metals ((GBG)) is an emerging iron ore producer, owning the Karara project in Western Australia with joint venture partner An...
With little in terms of significant local events yesterday the Australian dollar drifted slightly lower overnight to open this morning at a rate of 1.0497.
The IMF maintained 2011 and 2012 global growth forecasts of 4.4pct and 4.5pct respectively, in its latest world economic outlook.
The Australian Dollar opened Friday morning finding fresh new support above the 1.05 level against its US Counterpart.
- Alesco sells Marathon Tyres division- Divestment completes non-core asset sales program- Stockbrokers see value from improved efficiencies in remaining core businessesBy Chris ShawBuilding products group Alesco ((ALS)) surprised the market last week with the sale of its Marathon Tyres business.
(This story was originally written and published on March 30, 2011. It has now been repeated to make it available to non-paying members at FNArena and to readers elsewhere).
The US White House and Republicans made a budget deal on Friday night to prevent closure of Government offices.
Barely a month after his announced retirement from the Macquarie Group, chairman David Clarke has succumbed to his lingering illness today at age 69.
Despite Japan’s latest earthquake in the northeastern coast which is an aftershock of the tremor on March 11, Asian stakes managed to rise in the market.
US consumer credit rose by $7.62 billion in February after a downwardly revised $4.45 billion rise in January.
- While the temptation is to always see present crises as the worst ever, history shows life resumes its normal path given time- Gold has outperformed equities over the past decade, but history shows such trends do reverse- Investors should ask whether this time really is different, because history ...
- ASX Investment HourDate = 17th May (12-1pm)Place of action = Wesley Theatre, Wesley Conference Centre, 220 Pitt St, SydneyTheme = Stocks That Consistently Beat the MarketWrap = How to beat the market? It's not a super-formula.
By Greg PeelThe Dow closed down 17 points or 0.1% while the S&P lost 0.1% to 1333 and the Nasdaq also lost 0.
A strong jobs report will not be ignored at the Reserve Bank, but you bet there will be a flock of commentators, lobbyists and their employers who will ignore it and still insist that the Australian economy is sluggish, two speed and worse.
Copper prices face a curious outlook in 2011.Despite a record hit in February, the metal has fallen by around 8%, while oil, gold and silver (other speculators' favourites) have hit new all time or recent highs.
The AMP's Chief Economist, Dr Shane Oliver says there are a lot of worries about the outlook in and around markets at the moment.
By Greg PeelFrom the beginning of 2007 to the GFC in 2008, the US dollar index fell 17.5% from 85 to 72.
