Emerging Markets
Heffernan Inc Adds Thailand Coal Reserve
Heffernan Inc have secured a mid size coal reserve in Thailand with the intent to Joint Venture the site and export coal to China.
The acquisition of further Coal reserves is high on the list of priorities for the mining division of Heffernan Inc.
China’s reliance on coal-fired thermal power stations can do nothing but increase for [...]
Global Financial Report, Shayne Heffernan
Having hit recent lows at the end June, so called risk assets have recovered most of those losses, but there are some noteworthy deviations that strongly suggest caution remains.
Measuring the rebound, the S&P 500 has recovered the majority of its losses since the end of June, and is now eagerly re-testing the key 1075/80 breakdown [...]
ASEAN Markets
ASEAN Markets started the first session of the third quarter weaker, along with other Asian stocks and commodities, after manufacturing data showed China’s rapid growth was slowing, increased fears of a global double dip.
US stocks pared earlier losses but could not climb out of the red on Thursday, as disappointing housing and jobs data weighed [...]
China:ABC set to become World’s largest listing
Agricultural Bank of China (ABC) is set to raise up to US$23.2B in the World’s largest listing, according to the price range the lender set for its shares.
ABC said late on Monday in a statement filed with the Shanghai Stock Exchange that it had set the price range for the Shanghai portion of its initial [...]
China Market Falls 4.27%
Chinese shares plummeted 4.27 percent to a 14-month low Tuesday on concerns capital will flow to the initial public offering of the Agricultural Bank of China (ABC).
The Agricultural Bank of China said late Monday it will offer 59.51 billion shares in Shanghai at between 2.52 and 2.68 yuan (0.37 to 0.39 U.S. dollars).
The IPO will [...]
Added to Stock Exchange of Thailand SET 50 BLA, HMPRO, IVL, TISCO, TPIPL
The Stock Exchange of Thailand (SET) has selected eligible securities as the constituents of the SET50 and SET100 indices for H2/2010 (July 1- December 31,2010). The review was based on trading data of eligible securities during June 1, 2009 to May 31, 2010, SET Group Head, Markets Division, Ms. Kesara Manchusree said.
There are five additions [...]
Abhisit Vejjajiva Popularity Soars in Thailand
Thailand Prime Minister Abhisit Vejjajiva is fast becoming the most popular PM in Thailand’s history, this week he received the highest confidence vote of any cabinet minister in a survey of people in 30 provinces, Bangkok Poll of Bangkok University.
The Bangkok Poll said it surveyed people around the nation on “How People Feel about [...]
Thailand holds Emergency Meeting
The Thai government held an emergency meeting Sunday to resolve a political crisis that has crippled the country since March.
Authorities said they discussed dislodging protesters from the capital as well as how to address their grievances.
Thailand’s cabinet held an emergency meeting Sunday on how to quell the long-running standoff with anti-government “Red Shirts” [...]
Abhisit Vejjajiva to Take Action in Bangkok Crisis
“From now on, what the government will do may risk clashes and losses, but the government knows what it’s doing. What needs to be done must be done,” Abhisit Vejjajiva said in a weekly televised address.
“I have already decided what steps to take, but I need to make sure it will be successful and [...]
Wall St Gaps Up on Earnings
U.S. stocks rose for a fifth straight day as better-than-estimated results at Intel Corp., JPMorgan Chase & Co. and CSX Corp. and an increase in retail sales bolstered confidence that a six-week rally was justified.
Intel rallied 3 percent after the world’s largest chipmaker forecast rising sales this quarter and record profit margins for the year, [...]
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