2012/01/06 09:58 - Marlin & Associates ("M&A"), the boutique investment banking and strategic advisory firm, today announced that industry veteran and Goldman Sachs alumnus Thomas V. Conigliaro has joined the firm as a partner. Tom will be based in New York.
2012/01/04 12:00 - Asian Activities Report for January 4, 2012 includes: LDK Solar Co., Ltd. (NYSE:LDK) has agreed to acquire approximately 33% increased share capital in Sunways AG (ETR:SWW) and has also offered to takeover all outstanding shares in Sunways; Mitsui & Co., Ltd. (TYO:8031) says that its joint venture company Galaxy NewSpring Pte. Ltd. will operate two new water treatment plants in China; Nomura Holdings, Inc. (TYO:8604) has reached an agreement to invest in Jiu You Quan Xing Equity Investment Fund, a private equity fund based in Shanghai; Diploma Group Limited (ASX:DGX) has achieved Practical Completion on its Eleven 78 development on Hay Street in West Perth; AEON CO., LTD. (TYO:8267) announced that its subsidiary, Petcity Co., Ltd. will be merging with AHB International Inc..
2011/12/09 13:00 - Asian Activities Report for December 9, 2011 includes: Shanghai Electric Group (SHA:601727) (HKG:2727) has signed agreements with Siemens (NYSE:SI) to jointly invest over 165 million euros in two joint venture companies in China for the development, manufacturing and sales of wind power equipments; Beijing Enterprises Holdings Limited (HKG:0392) says that its subsidiary Green Industry (Qinghai) has signed a contracting agreement for a 20 megawatt photovoltaic grid-tied power generation project in Qinghai Province in China; Mitsubishi UFJ Financial Group Inc. (TYO:8306) will form a strategic business and capital alliance with AMP Limited (ASX:AMP); Honda Motor (TYO:7267) says that two of its auto plants in Ohio have earned the U.S. Environmental Protection Agency's 2011 Energy Star award.
2011/05/30 16:31 - London based Millhouse, Inc. Plc (FRA:M77) has acquired the Alliance Capital Group. Australia based Alliance Capital services business and consumer finance markets to customers that are having difficulty with mainstream bank financing. These include customers seeking residential mortgages, construction finance, car finance and business asset finance.
2011/05/17 14:05 - Frontier Securities is to hold a conference "Mongolia: Capital Raising and Investment", on June 6th-10th, 2011 in Ulaanbaatar, Mongolia. The conference provides a perfect opportunity for those who are interested in exploring the latest developments in Mongolia's business environment from key direct sources. Investors will be able to discover lucrative investment opportunities and Mongolian companies will benefit, learning various methods of raising capital from abroad.
2011/03/11 10:50 - China's economy raced ahead in 2010, continuing more than three decades of growth that have seen it become the world's second-largest economy. Yet it is also possible to picture the outlines of what lies ahead in the coming decades, when we will witness a new China on the world stage: the world's largest and most important economy.
2010/11/05 13:30 - Australian Market Report of November 5, 2010 includes: Sundance Resources Limited (ASX:SDL) has appointed CITIC Securities Company Limited (SHA:600030) to assist in securing both debt and equity funding in China for its Mbalam Iron Ore Project; Orocobre Limited (ASX:ORE) has commenced an initial drilling program at its Salinas Grandes Lithium-Potash Project in North West Argentina; Beadell Resources Limited (ASX:BDR) reported high grade results from the Tucano Gold Project in Brazil; Horseshoe Metals Limited (ASX:HOR) announced more positive drilling results at the Horseshoe Lights copper and gold project in Western Australia.
2010/07/30 13:30 - The Australian sharemarket has opened lower on Friday, led by financials, energy and material sector. Overnight US market ended the choppy session with a loss, as investors seesawed between the disappointing revenue from utilities and consumer companies and a batch of strong earnings reports.
2010/07/28 13:55 - Jimmy Wales, the founder of Wikipedia, will address the World Capital Markets Symposium (WCMS) in Kuala Lumpur on 27-28 September 2010, marking his speaking debut in Malaysia, the organizers of the Symposium announced on Wednesday. Wales, who founded the free, multi-lingual virtual encyclopedia in 2001, will join policy-makers and financial industry experts in sharing their thoughts at the Symposium, with the theme "Transforming Capital Markets: Leadership, Change and Governance".
2010/07/16 17:00 - The World Capital Markets Symposium (WCMS), to be hosted by the Securities Commission Malaysia on 27-28 September 2010 in Kuala Lumpur, will once again bring to Asia a truly unique platform aimed at providing participants with varied perspectives and insights into the opportunities presented to the international financial services industry to change business as usual by rethinking leadership and governance principles.
2010/06/09 14:30 - The Australian share market opened slightly lower on Wednesday with weakness in financial stocks. Wall Street has provided a flat lead to the local market. Mining stocks were mixed while commodities prices were firmer. Gold miners gained after gold price hit a record high overnight in London and New York.
2010/06/03 12:15 - Frontier Securities is organizing an annual conference, under the title "Mongolia: Capital Raising", which will be taking place at Chinggis Khaan Hotel, Ulaanbaatar, on June 15-16, 2010. This annual conference focuses on capital raising by Mongolian private sector as well as the Mongolian government by way of privatization and/or sovereign bond issue.
2010/04/30 13:30 - Friday Asian markets broadly rebounded after Wall Street gained on a string of positive earnings reports. The Australian share market rose 0.5 per cent in early trade with material and financial stocks firmer. Today the Reserve Bank of Australia publishes financial aggregates data for March. The Housing Industry Association releases new home sales report for March.
2010/03/29 18:00 - The DFM General Index gained 4.31% (76.2 points) to close at 1845.21 points after trading AED1703 million worth of shares, which left 22 stocks up, 3 down and 3 unchanged. Emaar Properties was the most traded stock capturing AED891 million of the total and gaining 8.82% to AED4.07. DFM followed trading AED324 million rising 7.78% to AED1.94, then Arabtec trading AED204 million advancing 6.91% to AED2.32 and Dubai Islamic Bank trading AED89 million moving 5.53% higher to AED2.67.
2010/03/18 13:30 - Asian stocks are expected to extend gains on Thursday as US and Britain markets climbed to multi-month highs overnight. Wall Street was pushed to a fresh 17-month high as investors cheered for the drop in February Producer Price Index, or wholesale inflation. Yesterday most major Asian markets were stronger after the U.S. Federal Reserve pledge to keep interest rates low for an extended period. The Bank of Japan also left its rate unchanged at 0.1 per cent. The Nikkei Index gained 1.2 per cent and South Korea's Kospi was up 2.1 per cent. Shanghai Composite lifted 1.9 per cent while Hong Kong's Hang Seng Index gained 1.7 per cent.
2010/03/17 13:30 - Asian markets are set to deliver a positive start on Wednesday. US stocks rose to a fresh 17-month high overnight as the US Federal Reserve acknowledged the U.S. economy was gaining momentum and reiterated that the central bank will keep interest rates low for an extended period. Yesterday Asian shares closed mixed ahead of Federal Reserve and Bank of Japan's policy meetings. Japan's Nikkei 225 fell 0.3 per cent after three-day gains; however, China's Shanghai Composite rebounded from falls in previous two sessions. Hong Kong market shed 0.3 per cent as coal mining shares were hurt by China Shenhua's disappointing earnings.
2010/02/25 13:30 - Asian markets mostly dropped on Wednesday. Resources shares across the region were hit by falling metals prices. Japan's Nikkei 225 fell 1.5 per cent, South Korea's Kospi shed 1.0 per cent and Hong Kong's Hang Seng Index lost 0.8 per cent. The markets also weighed down by U.S. consumer confidence and German business sentiment. But China's Shanghai Composite rebounded 1.3 per cent as monetary tightening worries eased.
2010/02/24 13:00 - Yesterday Asian markets ended mixed. Japan's Nikkei index was 0.5 per cent lower due to profit-taking after the previous day's sharp gains. China's Shanghai Composite lost 0.9 per cent led by financials on concerns over banks' fundraising plans. Hong Kong shares, however, was pushed higher by property sector stocks.
2010/02/15 15:10 - In Asia, China's unexpected announcement that it will increase the reserve-requirement ratio would fuel worries over the global economy recovery, but thin trading is expected today as most markets including mainland China, Hong Kong, Taiwan, Vietnam, South Korea and Singapore will be closed for Lunar New Year holiday. Japan's exporters will be supported by weaker yen. Japan's gross domestic product data, released by the Cabinet Office on Monday, showed that the country's economy grew at a faster than expected pace in the October-December quarter.
2010/02/12 13:30 - Asian markets were higher Thursday. Hong Kong's Hang Seng Index gained 1.9 per cent and South Korea's Kospi advanced 1.8 per cent. China's Shanghai Composite closed flat with thin trade ahead of the upcoming Lunar New Year, despite a slower than CPI growth eased worries of rate increase.
2010/02/04 13:30 - Asian markets closed mostly higher on Wednesday as materials shares were boosted by strong commodities prices. Japan's Nikkei average rose 0.3 percent as exporters gained on strong U.S. data and weakness in yen against greenback. But the rises were pulled back by a drop in shares of Toyota Motor Corp after its recall woes hit its sales. South Korea's Kospi added 1.2%, Hong Kong's Hang Seng Index rose 2.2% and China's Shanghai Composite gained 2.4%.
2010/02/03 13:30 - Asian shares were lifted on Tuesday after strong U.S. manufacturing data. Japan's Nikkei index ended 1.63 percent higher, after Toyota's plans to fix millions of vehicles equipped with faulty accelerators in North America and Europe. Australian shares climbed as metals prices rose, but Australian dollar was pulled down by RBA's unexpected decision to keep interest rate unchanged.
2010/01/19 09:30 - The Australian share market shrugged off the concerns over US investment bank JPMorgan and closed slightly higher on Monday. Australian banks rose as the upbeat mood continued in this session after Commonwealth Bank's profit upgrade on Friday. The benchmark S&P/ASX200 index advanced 11.5 points, or 0.23 per cent, to 4,911.1 points, while the broader All Ordinaries index gained 6.6 points, or 0.13 per cent, to 4,936.1 points.
2009/11/11 22:24 - The board of Pioneers Holding Co.(CAI:PIOH) agreed to acquire Beltone Financial Company through increasing the capital of the company and share swap with the shareholders of Beltone Financial.
2009/10/01 13:00 - Overnight the US stocks slid over disappointing data in regional economy, as well as worries on the crucial data ahead including personal income, consumer spending, weekly jobless claims, manufacturing and home sales.
2009/09/30 13:00 - Wall Street closed lower overnight after American consumer confidence reading in September dropped unexpectedly. The weakness in US technology stocks, which had been a leader for much of Wall Street's six-month rally, yesterday led a fall in the market. The Conference Board's consumer confidence index dipped in September to 53.1 from 54.5 in August as people worries about job market.
2009/09/07 11:28 - Wall Street was higher on Friday as a government report showed that the pace of job losses slowed in August. But the US stocks were still in negative territory for the week with the worst performance since early July.
2009/09/02 13:00 - Wall Street fell for a third session despite a positive manufacturing data in August. The sell-off was caused by concerns over banks' outlook and fears about September, which was historically one of the market's weakest months.
2009/08/27 17:08 - Macquarie Group Ltd. (ASX:MQG) said it has formed a Shanghai-based trust company joint venture with two state-owned companies.
2009/08/20 13:00 - US stocks opened lower overnight due to the massive drop in Shanghai shares, which also caused a broad selloff in Asia markets. But Wall Street ended the day higher as the energy companies were boosted on hope of an improving demand. The US oil futures rose after the US Department of Energy said US oil inventories plunged unexpectedly.
2009/07/29 13:00 - US stocks closed flat overnight after a weaker-than-expected survey on consumer confidence. The Conference Board reported its confidence index fell to 46.6 from 49.3 in June, primarily due to a worsening job market.
2009/07/24 13:00 - Wall Street posted a strong gain overnight with Dow index jumped above 9000 points mark for the first time since January. The market was bolstered by upbeat housing data and favourable corporate earnings.
2009/07/08 17:15 - Nomura (TYO:8604), the leading global investment bank headquartered in Japan, launched its Saudi Arabia operation following the receipt of its commencement letter from Saudi Arabia's Capital Market Authority (CMA), to undertake a range of securities businesses in the Kingdom.
2009/06/26 13:00 - Yesterday, the Australian share market closed higher on the back of stronger commodity prices. The benchmark S&P/ASX200 index rose 49 points, or 1.29 per cent, at 3856, while the broader-based All Ordinaries index gained 49.3 points, or 1.3 per cent, to 3851.5 points.
2009/06/18 13:00 - Yesterday, the Australian market slumped for the third consecutive session as investors locked in gains from recent rallies. The benchmark S&P/ASX200 index was 58.4 points, or 1.47 per cent lower, at 3,904.1 points, while the broader All Ordinaries index fell 53.7 points, or 1.36 per cent, at 3,904.2 points.
2009/06/16 13:00 - The Australian shares closed lower as weaker commodities prices weighed on the resources sector. The benchmark S&P/ASX200 index fell 30.5 points, or 0.75 per cent, at 4031.7 points, while the broader All Ordinaries index shed 31.1 points, or 0.77 per cent, to 4030.4 points.
2009/06/10 13:00 - Yesterday the Australian share market ended lower. The benchmark S&P/ASX200 fell 36.3 points yesterday, or 0.91 per cent, at 3934.9, while the broader All Ordinaries was down 35.4 points, or 0.89 per cent, to 3933.6. Overnight the stronger commodities prices in New York may boost the local market today.
2009/04/07 13:00 - Australian shares closed higher yesterday with rises in most sectors despite resources stocks dragged the market down. The benchmark S&P/ASX200 gained 0.6%, or 21 points, at 3756.6, while the All Ordinaries index was up 0.6%, or 22.4 points, at 3696.4. Banking stocks were stronger ahead of the Reserve Bank of Australia's interest rate decision.
2009/03/13 13:00 - Yesterday, the Australian market ended marginally lower as investors were encouraged by the Wall Street rallies. The benchmark S&P/ASX200 index ended the day down 0.3%, or 8.9 points, at 3235.5. The broader All Ordinaries index was also down 0.3%, or 8.7 points, at 3190.4. "Many investors have feared worst, and many are probably predicting companies such as GM would eventually be gone, and are already prepared for it," says Thomas Su, Research Director of Money Cat Consulting. It may be too early to predict, but it seems the financial stocks may start leading the gain in the second half of the year, Thomas Su added.
2009/03/09 13:00 - Australian shares closed lower on Friday. The Australian market sunk further into the red and languished in negative territory amidst gloomy economic news from here and overseas, according to CMC Markets.
Australian Economy