2011/02/10 11:36 - We have been bullish oil since below US$40, and our US$145 target for next year remains in place says Herston Economics' Clifford Bennett. The recent selling of oil on the basis that things will calm down in Egypt, the Saudi's will pump more oil, and higher US reserve levels, all miss the two most important points. China and India will add millions of vehicles this year and there are indications global oil production is about to hit peak level beyond which it cannot go.
2011/02/09 11:33 - China raises interest rates and equity markets continue to climb, as do commodity prices. Clifford Bennett of Herston Economics says this is the new paradigm, at last one that fits more accurately with the underlying reality of a strong global economic boom that no one can stop, not even China. Herston Economics continues to highlight that this is a "bottom up economic revolution" driven by individuals and small businesses all around the world.
2011/02/08 12:07 - Clifford Bennett of Herston Economics makes the point that the news just gets better and better. Even the usually of recent years bearish mainstream media cannot find anything but bullish stories to report. US equity markets continue to strengthen, and global growth looks set to accelerate as expected. Herston Economics, among the highest of any forecaster, expects global growth to reach 5.4% this year. This includes 4.3% in the USA, 2.6% in Europe, and 10.7% in China.
2011/02/07 15:20 - The outlook for global equity markets, and especially the Australian market continues to improve. Australian equity markets in particular are still far below their correct fundamental value. Gold and oil, like other commodity markets, appear ready for further strong gains. The Australian dollar is comfortable in this higher band but is still targeting US$1.0800 this year, according to Clifford Bennett of Herston Economics.
2011/02/04 11:50 - After some very strong gains the US equity market continues to cling to recent highs, and can be expected to move higher next week, according to Clifford Bennett of Herston Economics. Clifford remains bullish on equity, commodity and currency markets except for the US dollar. The overnight fall in the Euro is a stand out buy, and not even Egypt concerns can keep Gold down.
2011/02/02 12:53 - It is important to recognize that markets have yet to factor in any of the good news regarding robust growth, not just in china, but Europe and the USA as well. Expect the rally we had forecast to continue and even at these levels Australian stocks represent great value.
2011/02/01 13:28 - Building on our comments yesterdayt that markets would rally back just as hard as they initially fell on Egypt, Clifford Bennett of Herston Economics believes there is almost no reason on the horizon for any further declines. Perhaps the last of the pullbacks in equity markets, commodities and the Australian dollar have now been seen. Expect aggressive rallies in all asset classes from here.
2011/01/31 11:40 - All the economic news that matters, is good. China is performing strong, USA and Europe are improving all the time. There is no doubt after the great rally we have seen from last year that a correction was due, but the fear mongers have been served a great opportunity with Egypt, and are making the most of it. The thing is, I don't see China slowing because of a change of government in Egypt, i really don't, buy this dip, its a gift comments Clifford Bennett of Herston Economics.
2011/01/27 13:39 - Equity markets continue to climb, gold may well have bottomed for the year, and the RBA is sidelined. Clifford Bennett of Herston Economics talks about why higher food prices do not mean rate hikes, and the outlook for Australian equities remains very favourable.
2011/01/25 11:55 - This rally is just the start of something much bigger, says Clifford Bennett of Herston Economics. While Gold and Oil speculators unwind their holdings, the real world is experiencing a rapid economic expansion of the likes we have never seen before. The dominant risk in equity markets is upward acceleration, no correction in sight. The Australian dollar has spent enough time near parity, time to move up.
2011/01/24 12:07 - The US has stitched up some good export deals to China, so now we should get less of the US research houses fictionally suggesting China is a bubble. US, European and China/Asia outlooks all positive at the same time as we expected, and this should see markets accelerate sharply higher this week, Clifford Bennett of Herston Economics said.
2011/01/21 14:17 - The Dow Jones and US markets have been very firm over last couple of trading sessions as well as the economic data overnight and existing home sales were better than expected. US jobless claims dropped down approximately 400,000, with a lower sustainable trend showing the US economy is looking better.
2011/01/21 09:56 - (Global Fashion Wire) - Following the launch of her first Shanghai boutique in December, Leona Edmiston one of Australia's leading fashion designers, is adding another two new Myer (ASX:MYR) concessions to her network.
2011/01/20 11:49 - Any pullback in the Australian market today is an extraordinary opportunity to again buy for further market gains into the week end. Concerns overnight regarding UK employment, US housing starts, Apple, and Goldman Sachs, all of little relevance to the Australian market place. Stocks like Fortescue continue to point the way, and the Australian dollar is heading to 1.03 1.08 this year, according to Clifford Bennett of Herston Economics.
2011/01/19 09:00 - Alibaba.com Limited (HKG:1688), the world's leading small business e-commerce company, today formally launched Fulfillment by AliExpress (fulfillment.aliexpress.com), a new logistics and shipping service provided by a third-party partner for buyers using the AliExpress (www.aliexpress.com) wholesale e-commerce platform. With Fulfillment, small businesses using AliExpress will be able to combine multiple orders into one cost-reducing international shipment, track those orders from China-based suppliers using a single online interface, and verify those orders at a central warehouse prior to shipment.
2011/01/18 12:04 - Markets over reacted to China slowing concerns, and a tough year ahead for Queensland, creating the prospect for a robust recovery in prices through the rest of the week, according to Herston Economics Clifford Bennett.
2011/01/17 11:20 - Expect strong markets this week, with the Australian market unlikely to wait for the US to come back from the Martin Luther King Jr day holiday. Us industrial production gains in December confirm the resilience and broad based nature of the US recovery.
2011/01/14 11:22 - European nations continued to easily sell their bonds at competitive yields to recent market rates, confirming there is no sovereign debt crisis, according to Clifford Bennett, chief economist at Herston Economics. The US dollar continued its decline, oil remained bid, and Sterling the other market favourite of the week, continued to make strong gains.
2011/01/13 11:17 - Equity markets may well have seen their lows for the year, and this is no time to hesitate according to Clifford Bennett of Herston Economics. With ASXSP200 5,000 likely to be seen very quickly, and a year-end forecast of 5,600, the risk reward opportunity is outstanding.
2011/01/12 12:08 - It is all about the Queensland floods today, and the impact will be far reaching. Investors will be understandably distracted and liquidity could become an issue, even for the Australian dollar. Should the currency start to move to quickly, Clifford Bennett expects the Reserve Bank of Australia would have to intervene to support it. Meanwhile overseas developments have been positive with both Italy and Greece easily raising funds overnight. This fears about Europe have been exaggerated, and the outlook for equity and commodity markets is quite positive. The local share market looks set for steady gains from current levels, while the Australian dollar will remain under pressure for a couple of days.
2011/01/11 12:05 - Oil and the Australian dollar are the favoured markets to watch, while Sterling and Gold are building as well. The European sovereign debt crisis is on its last legs according to Bennett, who expects more positive than negative surprises out of Europe as Greece proves it can achieve and exceed the austerity targets it has agreed with other European nations.
2011/01/10 12:20 - Clifford Bennett provides a report on unemployment numbers and the impact on the outlook of the US economy, with the impact of the economy based on the majority of the population employed resonating a positive outlook. The Australian market looking up, particularly gold and oil, Clifford recommending to watch the Oil stocks closely over the next 72hrs for significant gains. Summarizing Clifford speaks about the local and international markets, briefly touching on the ASX, US, Euro and Portugal, as well as rumours over the media articles published over the weekend suggesting France and Germany wanting to pressure Portugal to request a rescue package from Europe, in which Berlin has refuted.
2011/01/07 11:56 - Clifford Bennett from Herston Economics Provides the Australian, Asian and Global Market Overview for January 7, 2011. Mr Bennett is a leading economy forecaster and Chief Economist at Herston Economics
2011/01/06 17:36 - Chief Economist, Clifford Bennett, is widely recognized for his often market leading and insightful economic and financial market forecasts. Clifford has 25 years international experience with some of the world's leading investment banks, and was named the "world's most accurate currency forecaster" by Bloomberg News NY. Clifford is the author of "Warrior Trading" published by John Wiley & Sons New York, and frequently appears in the financial print and television media.
2010/11/02 13:20 - On November 4, 2010, global super-brand Zara is scheduled to launch a series of onlines stores throughout Austria, Belgium, Ireland, Luxembourg and the Netherlands. In addition to France, Germany, Portugal, Italy, Spain and the United Kingdom, where online sales were available since 2 September.
2010/09/24 09:01 - Linc Energy Limited (ASX:LNC) (PINK:LNCGY) today announces that Mr Brian Johnson has advised the Board that he intends to stand down as Chairman and resign from the Board at the Annual General Meeting in November this year.
2010/09/10 17:39 - Alibaba.com Limited (HKG:1688), the world's leading small business e-commerce company, today announced that it is investing in India, with the launch of its local customer service operations here to better serve the vast Indian small business community.
2010/08/17 09:59 - SAI Global Limited (ASX:SAI) (PINK:SGLOF) today announced a record net profit after tax of A$33.7M, an increase of 29.2% on last year's result. Continued organic growth plus contributions from recent acquisitions combined to produce revenue growth of 21.1% to A$392.2 million despite the impact of the stronger Australian dollar relative to the prior period. EBITDA increased to A$76.1M, up 18.4% on FY09. Operating cash inflows were strong, up 34.3% to A$51.5M.
2010/06/15 11:38 - Bow Energy Limited (ASX:BOW) (PINK:BOWYF) is pleased to announce that it has appointed Mr Peter Harbison to the position of Chief Financial Officer.
2010/03/23 13:30 - Overnight the Wall Street was stronger after the bill overhauling the US healthcare system was passed. Asian stock markets were mostly lower on Monday as Reserve Bank of India unexpectedly increased the official interest rate by 25 basis points. The Indian central bank's move has raised fears of an earlier-than-expected rate hike in China. Hong Kong's Hang Seng Index fell 2.05 per cent and South Korea's Kospi was down 0.8 per cent. But Shanghai composite edged 0.2 per cent higher. Japanese markets, which were closed for public holiday yesterday, resume trading on Tuesday.
2010/03/04 13:30 - Asian stocks saw modest gains Wednesday on hope of a bailout package for Greece. Australian market was boosted yesterday as official data showed that Australia's economy grew 0.9 per cent in fourth quarter, its fastest quarter-to-quarter pace in almost two years. Japan's Nikkei index ended up 0.3 per cent. South Korea's Kospi Composite rose 0.5 per cent. Shanghai Composite climbed 0.8 per cent higher. But Hong Kong's Hang Seng Index closed 0.1 per cent lower. Today Asian markets are likely to open flat, after Wall Street declined slightly on Wednesday.
2010/03/02 16:21 - Ashoka Buildcon has been independently certified by International Standards Certifications (ISC) against the international standard for greenhouse gas reporting, ISO 14064. The news comes following India's announcement in December last year that it would slow the growth of the nation's greenhouse gas emissions by 2020.
2010/02/12 11:00 - ABN Newswire stocks to watch today include: SAI Global Limited (ASX:SAI), Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) and Dynasty Metals Australia Limited (ASX:DMA).
2010/02/11 09:45 - SAI Global Limited (ASX:SAI) today announced a record half-year net profit after tax of $13.7M, representing an increase of 33.2% over the corresponding period.
A strong contribution from the property services business which includes a sizeable contribution from Espreon, together with continued organic growth, more than offset the adverse impacts of the stronger Australian dollar and the weaker trading conditions experienced by the standards training and automotive assurance businesses.
2009/11/24 12:58 - China Eastern Airlines (HKG:0670), a leading carrier in China, has formed a strategic alliance with Alibaba Group's (HKG:1688) Alipay and Taobao subsidiaries to expand China Eastern's capability to serve more customers through e-commerce. Under the alliance, Alipay will provide online payment support for ticket sales on the China Eastern website (www.ceair.com). China Eastern will also launch a flagship store on Taobao's Taobao Mall to sell tickets directly to customers for all domestic flight routes.
2009/11/17 16:48 - MFG.com, the largest global sourcing marketplace for manufacturers, today announced significant advancements to its online platform that are designed to create additional competitive advantages for manufacturers and suppliers of custom parts, standard components, assemblies, custom apparel and textiles.
2009/11/10 19:41 - Alibaba.com Limited (HKG:1688), the world's leading business-to-business e-commerce company, today announced unaudited financial results for the quarter ended September 30, 2009, that show the Company's continued investment in customers is resulting in strong growth in customer acquisition, driving market leadership and future revenue potential.
2009/11/02 14:36 - C Y Foundation Group Limited (HKG:1182) is pleased to announce that 2009 IEF ("International E-sport Festival") final successfully opened on 30 October 2009 in Suwon, Korea. Over 1 million visitors are expected to attend or participate in the three day e-sport event.
2009/10/23 09:38 - Alibaba.com (HKG:1688) the global leader in business-to-business e-commerce, and Macau Trade and Investment Promotion Institute (also named "IPIM") today announced a partnership, promoting e-commerce to more small and medium-enterprises (SMEs) in Macau. The signing ceremony of the partnership memorandum of understanding was held today during the 14th Macao International Trade and Investment Fair, organized by IPIM.
2009/10/22 14:22 - SAI Global Limited (ASX:SAI)(PINK:SGLOF) today announced the acquisition of Cintellate Pty Ltd, a leading global provider of compliance and risk management tools that allow companies to manage their compliance obligations and risk mitigation in the areas of safety, health and the environment (SH&E).