Nufarm Limited
ASX:NUF ISIN:AU000000NUF3
News
Asian Activities Report for December 1, 2011 includes: Asahi Group Holdings Ltd (TYO:2502) has conditionally agreed to acquire Mountain H2O Pty Ltd, a bottled water company in Australia that produces high quality spring water; China Longyuan Power Group Corporation Limited (HKG:0916) has received governmental approval for the 49.5 megawatt Shaanxi Qingling Guanritai Wind Power Project; Virgin Blue Holdings Limited (ASX:VBA) and Singapore Airlines (SIN:C6L) will enter into an integrated network aviation alliance; Nufarm Limited (ASX:NUF) has completed the acquisition of Seeds 2000, Inc., a sunflower seed research and production company in USA.
Australian agricultural chemicals firm Nufarm Ltd (ASX:NUF) says it has been notified by Japan's Sumitomo Chemical Company Ltd (TYO:4005) that its offer for 20 per cent of Nufarm is now unconditional. The tender offer for Nufarm shares from Sumitomo Chemical has received acceptances totalling 81.45 per cent of all Nufarm share.
Asian shares delivered a positive opening this morning. The Asian bourses were higher in thin trade on the last day of 2009 as commodity prices rose and China pledged to maintain policies that helped pull the world economy out of recession. For the year, Hong Kong's Hang Seng Index added 52%, Australia's S&P/ASX 200 Index gained 31% in 2009 and Singapore was up 65 percent over the year. But Wall Street tumbled on the final trading day in 2009. Dow index remains down 26 per cent from its 2007 highs.
The Australian share market posted a strong gain boosted by banks and miners on Tuesday after good lead from European markets and Wall Street. At the close, the benchmark S&P/ASX200 index was up 69.1 points, or 1.49 per cent, at 4704.2 points, while the broader All Ordinaries index surged 64.9 points, or 1.39 per cent, to 4724.4.
US shares fell on Thursday as the services sector index declined unexpectedly in November. The contraction also hurt sentiment ahead of the release of unemployment figure.
US stocks Wednesday climbed to near the peak of the year after Dubai's debt restructuring plan. The market was also supported by the optimism about the upcoming holiday shopping season while retailers Staples and Guess saw positive earnings in third quarter and provided guidance above market expectations.
The US market fell into mood swings and closed in the red last week. On Friday, the disappointing sales by BlackBerry maker Research In Motion dragged the technology companies lower. For the week, the Dow index lost 155 points, or 1.58 per cent. This week the market will be tested by crucial data including September non-farm payrolls, final second-quarter gross domestic product and several other big economic reports.
Wall Street overnight extended its losses after a disappointing non-farm payrolls report in August, which raised concerns over the coming key reports on employment this week. US private sector slashed 298,000 jobs in August, a faster rate than economists' forecast.
US stocks rose on Friday after Federal Reserve Chairman Ben Bernanke said the central bank is winding down its emergency lending programs established to end the financial crisis.
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.
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