2011/12/23 12:00 - Asian Activities Report for December 23, 2011 includes: Xinjiang Goldwind Science & Technology Co., Ltd. (SHE:002202) (HKG:2208) has signed an agreement with China Three Gorges Corporation to provide 33 units of wind turbines for Three Gorges's wind power project in Pakistan; New Times Energy Corporation Limited (HKG:0166) has signed a letter of intent in relation to a possible acquisition of further 9.25% interest in two oil and gas exploration concessions in Argentina; Tokio Marine Holdings, Inc. (TYO:8766) will acquire 100% of the outstanding shares of Delphi Financial Group, Inc. (NYSE:DFG) for US$2,664 million; Takeda Pharmaceutical Company Limited (TYO:4502) has decided to integrate two wholly-owned subsidiaries in the U.S., Takeda San Diego, Inc. and Takeda San Francisco, Inc. on January 1, 2012, to form a new company Takeda California, Inc..
2011/09/15 12:04 - Asian Activities Report for September 15, 2011 includes: Legacy Iron Ore Limited (ASX:LCY) has received a formal binding offer from the Indian government owned National Mineral Development Corporation Limited ("NMDC") for NMDC to become a cornerstone investor in Legacy via a placement agreement; Orpheus Energy Limited (ASX:OEG) has received a preliminary pit design for its B26 coking and thermal coal project in Indonesia; Argentina Mining Limited (ASX:AVK) has identified a potential sulphide mineralised system at its flagship Cerro Blanco Porphyry Copper Project in Argentina; Red Mountain Mining (ASX:RMX) has intersected significant gold mineralisation during its initial underground drilling program at the Zhongqu project in Gansu Province, China; Reliance Capital Limited (BOM:500111) has received a regulatory approval for its proposed 26% stake sale in Reliance Life Insurance to Nippon Life Insurance.
2011/09/06 12:00 - Asian Activities Report for September 6, 2011 includes: Australia Minerals and Mining Group Limited (ASX:AKA) has successfully produced alumina from a sample of the company's 150 million tonne kaolin resources; UXA Resources Limited (ASX:UXA) announced strongly anomalous uranium values from the first phase drilling at the Nabarlek North Joint Venture project; Saracen Mineral Holdings Limited (ASX:SAR) increased its total JORC-compliant Mineral Resources to 3.6Moz of gold; Renaissance Uranium Limited (ASX:RNU) has identified multiple gold drill targets from its 100%-owned Cutana Project in South Australia; Tata Consultancy Services Limited (BOM:532540) is partnering with Westpac's insurance division in New Zealand to upgrade and transform Westpac's Life Insurance Platform.
2011/08/16 12:00 - Asian Activities Report for August 16, 2011 includes: Insurance Australia Group Limited (ASX:IAG) has agreed to acquire a 20% strategic interest in a general insurer in China; Empire Resources Limited (ASX:ERL) reported high grade copper intersections of up to 19 metres at 1.85% from the A Zone prospect; BrightStar Resources Limited (ASX:BUT) today announced results from its first pass exploration drilling at the 520,000oz Miyabi Gold Project in Tanzania; Intrepid Mines Limited (ASX:IAU) reported further encouraging gold and copper assay results from the on-going drilling program at the copper-gold zone of the Tujuh Bukit Project in Indonesia.
2011/08/03 12:00 - Asian Activities Report for August 3, 2011 includes: Australian resources company TNG Limited (ASX:TNG) is to form strategic partnership with a leading Chinese group; New Age Exploration Limited (ASX:NAE) has entered into a binding agreement to acquire another coking coal exploration and mining concession in Colombia; Altura Mining Limited (ASX:AJM) announced further drilling results from its Pilgangoora Lithium project located in the Pilbara region of Western Australia; Continental Coal Limited (ASX:CCC) is to form partnership with the Sishen Iron Ore Company Community Development Trust; MphasiS (BOM:526299) has signed a definitive agreement to acquire 100% equity stake in Wyde Corporation.
2011/06/19 15:01 - Microequities Rising Star Conference will be WebCast from 9:30 am Sydney Time live for the Radisson Plaza Hotel on Tuesday 21 June, 2011. Microequities is a specialised Microcap asset manager. Established in 2005 as an independent investment research house devoted to Microcaps. Microequities expanded into funds management in early 2009 by launching its flagship Deep Value Microcap Fund.
2010/12/30 16:15 - Organized by Duxes Business Consulting Inc. and endorsed by powerful organizations around the world, 3rd China International Insurance Summit 2011 will take place on 9-11 March, 2011 in Beijing, China.
2010/12/29 13:30 - Australian Market Report of December 29, 2010 includes: Kangaroo Resources Limited (ASX:KRL) announce A$277 Million acquisition of Indonesian Thermal Coal Project; Dai-ichi (TYO:8750) is to acquire TOWER Australia Group (ASX:TAL) for future development in the Australian Insurance Market; Uran Limited (ASX:URA) has entered into an option to earn interest in near-production Manganese projects in Zambia; Imperial Corporation Limited (ASX:IMP) announced US$60.25 million acquisition of US oil assets.
2010/08/19 15:55 - FINANCE VIDEO: Randolph Koppa From Trade and Development Bank Speaks With Yuji Iwasaki in Mongolia.
2010/07/29 13:30 - The Australian shares dropped this morning after Wall Street ended its four straight day rises. US shares fell on news that orders for big-ticket items sank in June on weaker demand for airplanes and electronic goods.
2010/07/27 13:30 - The Australian stocks market on Tuesday extended gains as Dow Jones index hit a two-month high due to strong US new home sales and corporate earnings.
Shortly after the opening bell, the S&P/ASX200 Index rose 0.74 per cent, and the broader All Ordinaries Index was up 0.7 per cent.
2010/07/22 16:55 - AXA Asia Pacific Holdings Ltd. (AXA APH) (ASX:AXA) Chief Executive Andrew Penn said Thursday the company's Hong Kong business was profitable and growing with sales for the first half up 20 per cent on year. Growth was also accelerating across the Asia region with sales increased 52 per cent in the first half of 2010 compared to the same period last year.
2010/07/16 13:30 - Australian shares opened flat this morning. Wall Street overnight closed in the red despite the US market pared most of its early losses after news of halted flow of oil into the Gulf of Mexico. The losses were caused by disappointing economic data including inflation figures, manufacturing in New York and industrial production across the country.
2010/07/06 10:20 - The Australian share market gave up its early gains to finish 0.3 per cent lower on Monday while Asian markets were weaker. The benchmark S&P/ASX200 index was down 16.6 points, or 0.39 per cent, at 4,222.1, while the broader All Ordinaries index shed 14.3 points, or 0.34 per cent, to 4,250.6.
2010/06/02 13:30 - The Australian shares Wednesday continued to decline in early trade, led by financial stocks. Overnight Wall Street closed lower in a choppy trade as investors wobbled on Europe's debt issues despite the upbeat US economic data. Meanwhile, declines energy sector weighed on US stocks, after the US government said it was starting civil and criminal investigations on the Gulf of Mexico oil spill.
2010/05/27 13:30 - The Australian share market was higher in early trade today despite Wall Street delivered a weak lead. Overnight US stocks reversed strong gains to close lower on worries over Euro amid the lingering Europe debt crisis. The newly released OECD economic outlook, predicting strong economic growth, has supported the local market today.
2010/05/14 10:20 - AMP Ltd (ASX:AMP) says it is still interested in acquiring the AXA Asia Pacific Holdings' (ASX:AXA) Australia and New Zealand business while the Australian competition watchdog did not block its proposal.
2010/04/20 13:30 - The Australian stock market has opened stronger led by financial shares, as Wall Street rebounded after investors reassessed the potential effects of the fraud case against Goldman Sachs. The benchmark S&P/ASX200 index and the broader All Ordinaries index both were up 0.5 per cent in early trade.
2010/03/31 13:30 - Wall Street Tuesday posted modest gains following the report on the upbeat consumer confidence and home prices data. Technology stocks were also supported by news that Apple Inc. (NASDAQ:AAPL) was developing a new iPhone. Yesterday Asian markets closed mostly higher. This week investors are also looking to the US nonfarm payroll data and expecting an improving labour market. Japanese stocks broadly gained led by steel makers. Nikkei rose 1 per cent. Hong Kong's Hang Seng Index was up 0.7 per cent while China's Shanghai Composite added 0.2 per cent. South Korea's Kospi increased 0.5 per cent.
2010/03/22 13:35 - Asian shares are set for a weak start on Monday after US markets fell on lower commodities prices and Greek debt concerns. Japanese market today is closed for Vernal Equinox Day. Most Asian markets gained on Friday. Japan's Nikkei index rose 0.8 per cent while weakness in yen boosted exporters. China's Shanghai Composite was also higher, with Alunimium Corp of China surged 10 per cent on Friday. Hong Kong's Hang Seng Index was up 0.2 per cent and South Korea's Kospi climbed 0.7 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.
2010/03/10 14:30 - Asian shares could see a flat start on Wednesday while Wall Street closed slightly higher overnight. Steelmakers and resource stocks are expected to suffer declines around the region follow commodities prices dropped. Most Asian markets posted small gains yesterday. Shanghai and Hong Kong bourses rose after an upbeat forecast from China Life Insurance Co., mainland's largest insurance company. China's Shanghai Composite added 0.5 per cent, Hong Kong's Hang Seng Index advanced 0.1 per cent. South Korea's Kospi and Taiwan's Taiex inched up 0.1 per cent each. But Japan's Nikkei 225 closed down 0.17 per cent on profit-taking selling.
2010/03/09 13:30 - A cautious start is expected in Asian markets Tuesday while Wall Street took a breather after recent gains and closed slightly lower overnight. Asian stocks rallied on Monday, led by resources sector which was helped by higher commodities prices. Australian market posted a seventh consecutive day of gains yesterday. Japan's Nikkei 225 surged 2.1 per cent, Hong Kong's Hang Seng Index advanced nearly 2 per cent, South Korea's Kospi was up 1.56 per cent and China's Shanghai Composite gained 0.7 per cent.
2010/03/02 13:30 - Asian markets are expected to rise today as Wall Street rallied overnight on improved data of manufacturing employment in the US and a takeover of American International Group's Asian arm by British insurer Prudential. Resources shares in Asia were up on Monday as the massive earthquake in Chile raised concerns on copper supplies. Asian markets closed mostly higher yesterday. Japan's Nikkei rose 0.5 per cent, lifted by a rise in non-ferrous metal shares. Hong Kong's Hang Seng Index gained 2.2 per cent and China's Shanghai Composite added 1.2 per cent on expectations Beijing may retain an appropriately loose monetary policy at the upcoming meeting of the National People's Congress.
2010/03/01 13:30 - Asian markets mostly gained on Friday. Japan's Nikkei was 0.2 per cent higher on upbeat industrial output data. Hong Kong's Hang Seng Index rose 1.0 per cent, while South Korea's Kospi added 0.5 per cent. China's Shanghai Composite Friday fell 0.3 per cent. Today metal and resource shares in the regional markets may face pressure after the massive earthquake that hit Chile.
2010/02/23 13:30 - Most Asian markets rallied with resources shares significantly higher on Monday. Japan's Nikkei jumped 2.7 per cent while exporters were encouraged by stronger US dollar against yen. Hong Kong's Hang Seng Index gained 2.4 per cent. The Shanghai bourse reopened for the first day after the Lunar New Year holiday, Shanghai Composite dropped 0.5 per cent as the market was still impacted by the People's Bank of China's credit-tightening measures unveiled before the long holiday.
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.
2010/02/11 09:30 - Australian shares gave up early gains after disappointing trade numbers from China raised concerns that Chinese economy is cooling. The market closed slightly higher as earnings reports from market heavyweights BHP Billiton and Commonwealth Bank helped the rise. At the close, the benchmark S&P/ASX200 index was 8.3 points higher, or 0.2 per cent, at 4513.4. The broader All Ordinaries index rose 12.3 points, or 0.3 per cent, to 4533.
2010/02/04 09:30 - Australian stocks rose Wednesday following encouraging earnings result from media group News Corp. At the close, the benchmark S&P/ASX200 index gained 42.6 points, or 0.9 per cent, at 4647.9, while the broader All Ordinaries index rose 44.4 points, or 1 per cent, to 4673.2.
2010/01/29 13:30 - Most Asian stock markets rebounded Thursday after the U.S. Federal Reserve's pledge to keep interest rates near zero for "an extended period". But analysts expect this would be a temporary rebound. Yesterday, Japan's Nikkei rose 1.6 per cent, boosted by the upbeat earnings reports. Hong Kong's Hang Seng Index added 1.6%, South Korea's Kospi climbed 1.0 per cent and Taiwan's Taiex climbed 1.8 per cent.
2009/12/18 10:30 - The Australian share market lost much of its early gains after NAB's surprise bid for the local and New Zealand assets of AXA Asia Pacific Holdings. Woodside's capital raising also gave the market a pullback. At the close, the local market was slightly higher. The benchmark S&P/ASX200 index closed up 8.4 points, or 0.18 per cent, at 4670.3 points, while the broader All Ordinaries index gained 13.5 points, or 0.29 per cent, to 4689.6 points.
2009/12/14 17:23 - Dubai yesterday said it had received US$10 billion in financing from Abu Dhabi to pay part of the debt held by Dubai World and its property unit Nakheel. The news prompted the Australian market into positive territory in late trade. At the close, the benchmark S&P/ASX200 index rose 0.4 per cent, at 4654, after earlier falling as low as 4608.3. The broader-based All Ordinaries index climbed 16.8 points, or 0.4 per cent, to 4668.2.
2009/12/11 13:30 - Asian stocks mostly Friday moved higher at opening after the strong economic figures from the US boosted investor confidence. Today the focus will be on a series of economic data of China. The nation's key official figures on industrial production, CPI, and retail sales are due out later in the day.
2009/12/08 13:30 - Wall Street closed flat overnight after Federal Reserve Chairman Ben Bernanke said the interest rate would be hold at low for an extended period due to the subdued economy and low inflation.
2009/11/26 13:15 - Overnight US stocks ended at a fresh 13-month high ahead of the Thanksgiving holiday, helped by a series of upbeat economic data. A report showed initial claims for US jobless insurance benefits plunged to their lowest levels since September last year. US incomes rose 0.2 per cent and consumer spending jumped 0.7 per cent in October. New home sales rose 6.2 per cent unexpectedly.
2009/11/24 13:00 - US stocks posted a strong gain overnight boosted by better-than-expected home sales. Existing-home sales increased by 10.1 per cent to a 6.1 million annual rate, from 5.54 million in September, the National Association of Realtors said. The US dollar was weaker on Monday on expectations that the interest rate would remain at near zero.
2009/11/23 13:00 - US equities fell for a third straight day on Friday as Dell's disappointing earnings result dragged the US stocks lower. Energy and materials companies were weighed down after European Central Bank president Jean-Claude Trichet indicated that supportive stimulus measures must soon be unwound, prompting traders to buy US dollar.
2009/11/20 15:29 - Asian share markets mostly fell on Friday as investors' sentiment turned soured after the Wall Street losses overnight. Tokyo stocks fell sharply with the key Nikkei index hitting a fresh four-month intraday low under 9,500. Yen remained strong despite many key currencies were lower against US dollar.
2009/11/16 13:00 - On Friday, the US stocks were boosted by the encouraging earnings from major retailers and The Walt Disney Co. A record number of U.S. companies beat earnings expectations in the third quarter. This week a new round of economic data including retail sales, inflation readings and housing starts will be the focus after most corporate results already reported.
2009/11/10 13:00 - US stocks overnight closed at a new high for the year as the G20 finance ministers and central bankers pledged to keep stimulus measures until a recovery was certain. Dow jumped more than 200 points for the session, with 29 of the index's 30 components finished in the green.
Australian Economy