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.
2011/01/20 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.
2011/01/18 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.
2010/11/08 13:30 - Australian Market Report of November 8, 2010 includes: Intrepid Mines Limited (ASX:IAU) drilled additional high grade copper and gold mineralisation in Indonesia; iCash Payment Systems Limited (ASX:ICP) acquired an additional 4.71% interest in its Korean subsidiary neoICP; Navigator Resources Limited (ASX:NAV) announced high-grade gold intersection in Western Australia; Adamus Resources Limited (ASX:ADU) extended gold rich sulphide ore zones in south-western Ghana.
2010/10/18 13:28 - Trevor Skyes is one Australia's leading finance writers. In a journalistic career spanning more than half a century, he has been Editor of The Bulletin, Editor-in-Chief of Australian Business and Assistant Editor of The Australian Financial Review. He is also the creator of the Pierpont column in which he assumes the identity of a crusty old clubman who surveys the financial world and its scandals through the bottom of a brandy glass at the Croesus Club.
2010/10/14 14:20 - Emerging lithium producer, Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) is pleased to announce the appointment of four directors to the Galaxy board.
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.
2010/08/19 15:55 - FINANCE VIDEO: Randolph Koppa From Trade and Development Bank Speaks With Yuji Iwasaki in Mongolia.
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.
2010/06/15 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.
2010/05/21 13:30 - The Australian share market sank massively at opening on Friday, after Wall Street and European markets overnight slumped again due to Europe debt jitters. The Dow Jones industrial average experienced its deepest one-day plunge in more than a year, as investors feared that the European debt crisis might spread around the world.
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.
2010/04/07 13:30 - Asian markets opened flat this morning while Wall Street overnight closed with little change after the US central bank's minutes eased concerns over rate hike. Yesterday Australian stock market touched an 18-month high despite the Reserve Bank of Australia raised official rate by 25 basis points. Japan's Nikkei 225 Tuesday dropped 0.5 per cent on profit-taking selling. China's Shanghai Composite was nearly unchanged while Hong Kong market was closed for public holiday.
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.
2010/03/29 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.
2010/03/29 13:30 - Friday Wall Street ended flat, giving up its early gains after the news about the sinking of a South Korean naval ship raised fears of tension between North and South Korea. Today Asian markets could be helped by the euro-zone bailout for Greece and the news that South Korea has ruled out North Korea involvement in the navy vessel sinking. Friday Asian markets rallied with Japan's Nikkei hit its 18 months closing high. The Nikkei climbed 1.6 per cent due to relief over sovereign-debt problems in Greece. Both Hong Kong's Hang Seng Index and China's Shanghai Composite added 1.3 per cent.
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.
2010/02/15 11:31 - The Australian sharemarket eased some early gains and closed slightly higher on Friday. This was the first weekly gain in five weeks while the global markets had been shadowed by China's monetary tightening, worries on US economic recovery stability and sovereign debt issue in Euro zone.
2010/02/09 13:30 - Asian shares mostly declined yesterday on uncertainty about the sovereign debt issue in Greece, Spain and Portugal. Japan's Nikkei stock average sank 1.1 percent to a two-month low at the close. South Korea's Kospi fell 0.9%, while Hong Kong's Heng Seng Index lost 0.6%. But Singapore's Straits Times Index gained 0.4.
2009/12/09 11:05 - The U.S dollar rose Tuesday while US shares fell into the red. Worries over the financial health of several governments pushed investors to sell riskier assets but shifted to safe-haven US dollar.
2009/11/23 15:16 - Asian stock markets shrugged off the losses on Wall Street and mostly opened higher on Monday.
2009/07/14 13:52 - Deutsche Securities Inc. (DSI) part of the Deutsche Group (ETR:DBK), announced the appointment, effective 5 October 2009, of Brandon Ginsberg as Head of Global Markets Equity Japan. Mr. Ginsberg will report regionally to Marzio Keiling, Head of Global Markets Japan, and globally to Rob Karofsky and Garth Ritchie, Co-Heads of Global Markets Equity. He will be responsible for the Global Markets Equity business including Cash & Derivatives Trading and Global Prime Finance.
2009/06/23 13:00 - The Australian market closed higher yesterday driven by the news of Xstrata's proposed merger with Anglo-American and NAB's buying Aviva Australia. The benchmark S&P/ASX200 index was up 0.5 per cent, or 18.6 points, at 3918.2, while the broader All Ordinaries index advanced 0.4 per cents, or 16.4 points, at 3910.8.
2009/06/08 11:06 - China Minsheng Banking Corp., Ltd (SHA:600016)(CMBC) has launched the JCB branded "CMBC - CEA Credit Card" in cooperation with China Eastern Airlines Corporation Limited (HKG:0670).
2009/05/04 13:00 - The Australian shares were marginally lower on Friday. On Friday the benchmark S&P/ASX200 ended 10.9 points, or 0.3%, lower at 3769.6, while the broader All Ordinaries fell 6.8 points, or 0.2%, to 3737.9.
2008/12/04 12:24 - Adamus Resources Limited (ASX:ADU)(CVE:ADU)(PINK:ARLTF) is pleased to announce that it has secured a $5 million convertible loan facility (the Facility) from Macquarie Bank Limited (ASX:MQG)(Macquarie). The key terms and conditions of the facility are summarised below.
2008/08/29 11:46 - The share market closed firmly in the black yesterday, driven by gains in resources and finance stocks following a positive lead from Wall Street. And US stocks gained for a third day overnight led by manufacturers and financial companies.
2008/02/05 11:58 - Taking the opportunity of a visit to Tokyo by Mr. Haruhiko Kuroda, ADB President, ADB and ADBI are organizing a symposium titled "Challenges for the Asian Economy in 2008 and Beyond".
2007/10/29 10:11 - The Asian Development Bank, in association with Japan's Ministry of Finance and Thailand's Finance Ministry, will host a bond conference in Tokyo on 2 November 2007.
2007/03/26 15:12 - About 40 securities regulators from around Asia and the Pacific are gathering here to share knowledge about collective investment schemes and hedge funds.
2007/03/22 11:44 - Asian Development Bank (ASX: ATB) and the Infrastructure Development Finance Company Limited of India have signed a $50 million loan to support the development of infrastructure in the country.
Australian Economy