Wall St Closes Down
US stocks barely budged most of the day then fell sharply in the afternoon following reports that stoked unease about the health of the labour market and regional manufacturing, offsetting the energy sector’s strength.
A legal ruling in US oil giant Chevron’s favour drove the Dow component’s stock up 1 per cent to $US76.06, which helped [...]
ASEAN Markets to Open Lower
ASEAN Markets fell on Wednesday and look set to continue falls today, consolidating after recent strong fund inflows pushed regional markets higher, as Ebeling Heffernan has been suggesting will be common in 2010 as Asia leads the world out of the global down turn.
Indonesia which is now trading near an all-time high, was the star [...]
Foreigners Can Own Property, Indonesian Government Says
Indonesia plans to allow foreigners to own property in the country and has completed its review of investment rules under the so-called negative list, the country’s investment coordination agency said on Wednesday.
The country will deregulate its property industry by the end of the first half, paving the way for foreigners to buy homes and commercial [...]
Singapore Property Boom
The 76 Shenton condominium building in Singapore’s Central Business District sold out in one day during its preview as hundreds of buyers made a beeline for the prime project yesterday.
There were so many people vying for one of the 202 units that balloting was needed to sort out who got first crack.
The Hong Leong [...]
China’s Ansteel (HK:0347) Secures 900m Tonnes of Iron ore
Gindalbie Metals has reached an agreement with China’s Ansteel to deliver nearly 900 million tonnes of iron ore over three decades once it constructs its mine project in Western Australia, it said on Tuesday.
The deal, stretching over 30 years, drove Gindalbie shares up 9 percent to A$1.20, outpacing wider market gains .
Gindalbie’s stock was also [...]
LME Trades Cobalt
Warrants for 5 tonnes of cobalt were issued late last week in Rotterdam, marking the first material to be placed on warrant since the launch of new minor metals futures contracts by the London Metal Exchange (LME) in February this year. The generation of an LME warrant, which provides a convenient and simple way to [...]
IPO News Today MERU, STNG, SSNC
Shares in the two tech companies that had their IPO today rose sharply in their market debut on Wednesday while shares in a new tanker company fell.
Shares in wireless network provider Meru Networks Inc MERU opened 32 percent above their initial public offering price and after paring some of the gains still traded 28.0 percent [...]
PT Adaro Energy Lands BHP Coal Deal in Indonesia
BHP , the world’s biggest mining group, has chosen PT Adaro Energy TBK (ADRO) as local partner to help develop its Maruwai coal mine in Indonesia, less than a year after canning the project. Adaro, Indonesia’s second largest thermal coal producer, will get a 25 percent stake in Maruwai and provide valuable local expertise since [...]
Chinese stock market calm as margin trading debuts
Chinese equities open almost flat today, a calm response to the official launch of margin trading and short selling business. The benchmark Shanghai Composite Index went up 0.04% to open at 3,129.57 pts, and the Shenzhen Component Index rose 0.09% to 12,603.75 pts.
Margin trading and Short Selling, started today, allows securities companies to lend stocks and [...]
Paul Ebeling on Emerson (EMR), 3M(MMM), United (UTX), and Verizon (VZ).
Today is the last trading day in Q-1, the S&P 500 is up 5.2% so far on the Q, the DJIA is up 4.6% and the NAS is up 6.2%
The Industrials are the best-performing S&P 500 sector this Q
US stocks rose in light trading Tuesday on data showing the economy is in stabilization mode. Tuesday’s session had light [...]
Email Alerts
RedRoadmaster
READERS COMMENTS
RSS |