Welcome to IFNN: The Independent Financial News Network
Welcome to IFNN, the Independent Financial News Network, the core site for communications with a range of financial news publications produced for the internet.
IFNN sites are independent of any mainstream media ownership, and no financial instituation has investments associated with these sites.
The result is independent news reporting for the financial services sector, covering a whole range of niche topics.
Latest IFNN Headlines:
- British Airways drops 8 percent on session
- Crude prices in limited gains
- Crude prices see some gains
- Quit smoking and save on life insurance
- Asda launches online property website
- Tracker mortgages offer good value for money
- Copper prices down on dollar, demand
- OceanaGold seeks partners for troubled Philippine project
- Aegon Scottish Equitable completes Barclays Capital securitisation
- Life assurance premiums fall 50% in a decade
- Aon Consulting bolsters Philadelphia presence
- Tracker mortgages provide strong competition for fixed-rates
- Piper Jaffray strengthens public finance banking team
- BAY down over 8 percent on losing day in London
- Drop in German business confidence hurts euro
- 5,000 job losses at Renault
- easyJet adds to airline industry woes
- Retail sales fall at fastest rate for two decades
- Strong Q2 revives Montpelier Re
- London residential tenancies rise 19%
- Commercial landlords back BRC to help struggling retailers
- Mortgage advisers fail to give proper advice says Which?
- First-time buyers return to property market
- Falling house prices leave home improvers out of pocket
- New Zealand cuts OCR by 25 basis points
- JPMorgan opens new Image Deposit Centres
- DZ BANK name new board chairman
- Nautical announces farm out agreement
- Centrica to take 51% stake in Belgian SPE
- Minco and Sterling announces proposed business combination
- Union Gold signs definitive agreement
- Navasota drills Alumina at Koba Bauxite project
- HBOS sees share price rise on rumours of BBVA bid
- Former Barclays chairman joins Northern Rock
- Mortgage approvals hit new low while house sales halve in just one year
- Creedy resigns from Legal & General Property
- Marsh bolsters CS STARS in EMEA
- DAS launches online claims tracking service
- Which? exposes incompetent mortgage advice
- Arab Insurance reports falling profits
- Everest Re profits fall 45%
- RGA reports Q2 profits up 30%
- New mortgage approvals decline 66% year-on-year
- June house sales slump by 45%
- Wachovia reports Q2 losses
- RBS sale of Australasian business suffers setback
- Khurbet East field update Syria activities
- XTO to acquire Barnett Shale properties
- Northern announces Bakken discoveries
- Etruscan files preliminary short form prospectus
- Target starts drilling on Bradshaw Gold project
- TurboSonic announces CAD$4.25 million credit facility
- Final offer from Limitless for Minerva
- BoE governor advocates bank fund to protect savers? deposits
- Deutsche Bank bolsters FX Trading in New York
- United Airlines struggle with fuel costs and announce further job losses
- Banks could restrict lending by 180bn
- Shares plummet in Enterprise Inns as beer sales continue to fall
- Vodafone warns revenue will be hit by slowdown
- Stewart Milne Group adds to construction sector woes
- Stewart Milne Group adds to construction sector woes
- Q-Gold closes first tranche of financing
- NLA launches Tenant Check service
- Hess reports gas discovery in Australia
- Horizon Oil reports on Papua New Guinea activities
- Innamincka commences fraccing Flax 5 in Australia
- Latin American Minerals provides assay results
- Canadian Dollar advances for second week
- Potential takeover of buy-to-let lender Paragon by private equity group
- Vangold updates on Armenia oil project
- Wall Street ends lower despite rate cut
- Asia-Pacific, Europe equities see declines
- Hang Seng adds 10.72 percent on session
- India?s Sensex drops 1,408 points on session
- Australian markets drop for 9th straight day
- Taiex gains on opposition win in parliamentary elections
- Hang Seng drops nearly 400 points
- Most Asia-Pacific markets drop on US recession worries
- Tokyo declines on export worries
- Asia-Pacific equities mixed on economic concerns
European equities markets were lower on Thursday after the Ifo Institute reported that German business confidence dropped in July, while reports from the United States showing that existing home sales declined in June and that first-time jobless claims climbed last week also hurt markets.In London the FTSE 100 was down 1.61 percent to 5,362.3 while […]
Crude oil prices rose Thursday but gains were limited by a report that demand for oil and oil products was down by 2.4 percent in the past four weeks.September contracts for West Texas Intermediate crude were up $1.14 to $125.58 per barrel on the New York Mercantile Exchange while Brent crude was last reported up […]
Crude oil prices rose Thursday but could not stage much of a rally, even after a threat from Nigerian militants to destroy pipelines there soon as the US Energy Information Administration reported that demand in the United States was down 2.4 percent in the past four weeks.September contracts for West Texas Intermediate crude were up […]
Moneyfacts.co.uk has revealed that the price of life insurance is half of what is was 10 years ago.A price war between insurers and other providers such as supermarkets offering cheaper insurance has meant that life insurance is much cheaper than it was a decade ago. Car insurance and home insurance may have risen over recent […]
A new online property portal has been launched by supermarket giant, Asda, called www.homesinstore.co.uk.The website will allow its customers to purchase property online and will allow sellers to advertise their home for sale and rental. The cost is 35 a week, for advertisement both in the organisation’s stores and on the internet. However, the UKs […]
Moneysupermarket.com, the finance price comparison website, has found that tracker mortgages, which track the Bank of Englands base rate, are making a comeback and look good value for money. Research from moneysupermarket found that the gap in cost between a two-year tracker mortgage and a two-year fixed-rate mortgage has widened in favour of a tracker […]
The price of copper fell Thursday on a stronger dollar which reduced demand for the metal as an inflation hedge and after imports to China were reported lower last month.Copper imports to China were said to be down 20 percent in June from May levels as most construction projects ahead of the Olympics have been […]
Australian miner, OceanaGold, has announced that it is currently in discussions with various parties regarding strategic options for its Didipio project in the Northern Philippines.The company needs to raise $185 million to continue with the project and is considering joint venture and/or merger opportunities in relation to the troubled copper and gold mine.The $320 million […]
Barclays Capital, the investment arm of Barclays bank, has completed a 250 million securitisation from Aegon Scottish Equitable (ASE), the UK division of Dutch registered insurer, Aegon.The transaction means that Barclays Capital has acquired some of the profits of ASE’s pension fund.While raising capital for ASE, the deal has also been seen as a new […]
Financial website, Moneyfacts.co.uk, has published research showing that in the past decade the cost of term life assurance has roughly halved.For non-smokers, keen competition has reduced the average male premium by 53% since July 1998, representing a saving of 3,018 over a 25-year term.The average female non-smoker premium has fallen 48% in ten years, reducing […]
Brian Clapp has been appointed by Aon Consulting Worldwide to serve as the firm’s market leader and key account manager in Philadelphia.He joins the firm from Right Management, where he served in global product management as executive vice president.Clapp has worked in the services and operating management sector for more than two decades, and in […]
Moneysupermarket.com is alerting homeowners to the fact that the average two-year tracker mortgage is offering increasingly good value.The price comparison website’s weekly credit crunch monitor shows that at the beginning of June, there was little difference between the cost of the average two-year fix and the average two-year tracker.However, the latest update puts the difference […]
Piper Jaffray & Co has announced the appointment of Tina Neal as senior vice president, investment banker.Neal leaves behind Ferris, Baker Watts to join Piper Jaffray, bringing with her 17 years of industry experience.Earlier in her career she held the position of managing director for fixed income sales and trading with Carter Kaplan & Company.She […]
European equities markets were lower on Thursday after the Ifo Institute reported that German business confidence dropped in July, while reports from the United States showing that existing home sales declined in June and that first-time jobless claims climbed last week also hurt markets.In London the FTSE 100 was down 1.61 percent to 5,362.3 while […]
The euro and the pound were both weaker Thursday after the Ifo Institute reported that German business confidence declined in July and on a report from the Office of National Statistics in London said that UK retail sales declined by 3.9 percent in June.It cost $1.5673 to buy a euro in late morning trade in […]
Renault, Europe’s sixth largest car maker, has confirmed it is to reduce its European workforce by 5,000 through voluntary redundancies. The French car maker blamed the deteriorating economic outlook and said this far exceeded the worst-case scenarios envisaged when it commenced a profit recovery plan in 2006.Renault had planned to produce 3.3 million vehicles this […]
Budget airline, easyJet, is adding to the airline industrys woes as it announces that it is to cut flights over the winter as it battles with soaring fuel prices. Over the 2008-09 winter period, it is to reduce capacity at Londons Stansted airport by 12%. The airline said its annual fuel costs have risen by […]
Official figures have revealed that UK retail sales fell 3.9% in June - this represents the largest monthly fall since records began in 1986.An unexpected 3.6% increase was announced in May, therefore, a fall of just 2.5% was forecasted by analysts for June due to consumers cutting back as they struggle with rising fuel and […]
Bermuda-based Montpelier Re has posted its second quarter results for the period ending 30th June.Operating income, excluding net investment and foreign exchange gains and losses, income taxes and extraordinary gains, was $63 million, or $0.73 per share. Comprehensive income was $44 million, or $0.51 per share.Fully converted book value per share on 30th June […]
Estate and letting agent, Your Move, has reported that the number of people renting in London has risen by 19% in the past year.As first-time buyers hesitate to enter the market and mortgages remain both expensive and in short supply, residents of the capital have turned to the rental sector, bringing an end to several […]
The British Property Federation (BPF) has been campaigning for property owners to offer retailers a helping hand during the economic downturn.The BPF, which represents the UK property industry, has said that its members will endeavour to work with their tenants to find solutions to any financial problems they may face as a result of rental […]
Consumer watchdog, Which?, has carried out an undercover investigation into mortgage advisers, which found that 41 out of the 50 advisers surveyed, failed to provide one or more piece of key information.Researchers posing as first-time buyers were sent to banks, estate agents and independent mortgage advisers by Which?. Out of the 50 advisers approached, a […]
The National Association of Estate Agents (NAEA) has reported that first-time buyers are making a tentative return to the housing market.In a survey of its members, the NAEA found that in June first-time buyer sales represented 11.8% of the housing market as compared with 9.8% a year earlier and up from 10.6% in May 2008.NAEA […]
Homeowners who have chosen to improve, rather than move in the current market downturn, will be dismayed by new research from Abbey, which suggests that the cost of a home improvements is unlikely to be reflected in a sale price.Falling house prices mean that previously profitable projects can now cost homeowners serious amounts of capital.According […]
Today the Reserve Bank of New Zealand cut 25 basis points from the Official Cash Rate (OCR), resulting in a fall from 8.25% to 8%.Since the release of the Reserve Bank’s Monetary Policy Statement in June more bad news has emerged internationally, Governor Alan Bollard explained, leading to the possibility of further economic damage in […]
JPMorgan has opened a two new International Image Deposit Centres in Taipei and Bangkok.The openings bring its total centre number to 14, with the others sited in Bournemouth, Frankfurt, Hong Kong, Madrid, Milan, Mumbai, Paris, Seoul, Shanghai, Singapore, Tokyo and Zurich.The new centres will allow clients to retain their cash letter operations whilst permitting them […]
The supervisory board of DZ BANK AG has elected Rolf Hildner to serve as its chairman.Hildner, who was formerly the German firm’s deputy chairman, succeeds Christopher Pleister who resigned from the post on 15 July.Both the supervisory board and the board of directors have offered their thanks to Pleister for his time as the supervisory […]
Nautical Petroleum plc, an independent hydrocarbon exploration and development company listed on the London AIM, has entered into a farm out agreement with Canamens Energy North Sea Limited (Canamens) whereby Canamens will acquire a 35% interest in the North Sea Block 3/27a.Canamens will fund their ongoing 35% interest of the current well plus a portion […]
Centrica plc has plans to increase its shareholding in Belgian generation and supply company SPE SA (SPE) to a controlling 51 per cent. Centrica has exercised its pre-emption right over the 25.5 per cent interest in SPE currently held by GDF International SAS (GdF) through an acquisition of GdF’s 50 per cent stake in […]
Minco Silver Corporation, a TSX listed company focusing on the acquisition and development of silver dominant projects, and Sterling Mining Company (Sterling) have signed a letter of agreement whereby Minco Silver will acquire 100% of the issued and outstanding shares of Sterling. The transaction will result in Minco Silver controlling two world class silver deposits […]
Union Gold Inc. has executed an arm’s length definitive agreement on June 25, 2008 with Shoal Point Energy Ltd. (Shoal), a 100% privately owned oil and gas exploration company. The Definitive Agreement provides, among other things, for the (i) reorganisation of Union’s share capital whereby Union will split its common shares on a 2.5 new […]
Navasota Resources Ltd. provides additional results from the Tliml and Gaoual (AMIG) permits of its Koba Project located in the Boke Bauxite Belt of northwestern Guinea, West Africa. The company said that at Kouraidendeli Plateau, 108 of 111 Phase 1 drill holes intersected bauxite mineralisation having a weighted average grade of 43.41% Al2O3 and 2.56% […]
HBOS saw its share price rise by more than 12% yesterday, on rumours that BBVA, Spain’s second largest bank, is contemplating a bid.Earlier this week, HBOS suffered the indignity of gaining the support of only 8.29% of shareholders for its 4 billion fundraising.Underwriters Morgan Stanley and Dresdner Kleinwort were left with around 3.5 billion worth […]
Former vice chairman of Barclays, Gary Hoffman, has been named as Northern Rocks new chief executive. Newcastle-based Northern Rock will pay Mr Hoffman almost 2 million over two years to manage the crisis-torn bank.Mr Hoffman’s basic salary is 700,000 plus three separate payments of 400,000 in compensation for the loss of his participation in Barclays’ […]
According to figures from the British Bankers’ Association (BBA), mortgage approvals for house purchases have fallen to a record low.The BBA said its members approved just 21,118 new home loans in June, down 23% from May and down 66.4% compared with the same month last year. The annual fall was the largest since BBA began […]
Mark Creedy has resigned from Legal & General Property, which he was director of, and has also relinquished his positions on the numerous boards of which he was a member.In 2006 the firm announced Creedy’s intent to resign at the end of the following year, once a successor had been appointed.In November of last year […]
Marsh has named its new CS STARS division leader in the EMEA (Europe, Middle East and Africa) region as Mark Gilliland.Gilliland leaves behind his position as UK and Ireland MD with Progress Software to join Marsh.He brings with him more than 20 years of experience in the global software industry.The CS STARS division caters to […]
Legal expenses firm, DAS, has launched an online claims tracking service. Using eClaims, brokers can now view claims online, keeping track of the process. The system is being rolled out in stages and secure logins will eventually be extended to all claimants, although initially only new claimants will be able to use the service. In […]
Which? has been investigating competency among mortgage advisers and has found that many are omitting to check information on clients’ abilities to meet repayments.The consumer group sent its researchers to gather advice from banks, estate agents and independent mortgage advisers.Acting as first-time buyers, they visited 24 banks, 13 estate agents and 13 independent mortgage advisers […]
Arab Insurance Group (Arig) has seen its profits fall 60% in the first half of 2008.The company reported net profits of $11.4 million for the first half of this year, compared to net profits of $18.6 million in the first half of 2008.Although Arig’s core reinsurance business performed better on year during the period, the […]
Bermuda-based Everest Re Group has reported its second quarter results, with after-tax operating income excluding realised capital gains and losses at $180 million, equivalent to $2.90 per diluted share.This is compared to an after-tax operating income of $213.3 million, or $3.36 per diluted share, for the second quarter of 2007.Net income for the quarter was […]
Reinsurance Group of America (RGA) has post its second quarter results, with net income up 30% on year.Net income for the quarter was $110.7 million, equivalent to $1.73 per diluted share. This is compared to net income of $77.5 million, $1.20 per diluted share, for the second quarter of 2007.Operating income was also up […]
The British Bankers’ Association (BBA) has released figures for mortgage lending in June, showing that the number of new home loans approved by the UK’s leading lenders fell 23% in a month.In May, BBA members approved 27,499 new home loans but the figure declined to 21,118 in June, representing a 66.9% fall on the same […]
The number of house sales completed in June of his year fell by 45% when compared with the same period of 2007.According to HM Revenue & Customs, which requires notification of all transactions over 40,000 for stamp duty purposes, 140,000 homes were sold in June of last year, with the figure declining to 77,000 for […]
In line with forecasts, Wachovia has reported a Q2 loss of $8.9bn, equating to $4.20 per share net loss.The loss includes a $6.1bn noncash goodwill impairment charge, corresponding to falling assets values and market valuations.The charge does not, however, have an affect upon the firm’s tangible capital levels, regulatory capital ratios or on liquidity.With the […]
Royal Bank of Scotlands (RBS) efforts to raise capital by selling off its non-core businesses have suffered yet another setback.National Australia Bank has announced that it is withdrawing its interest in the Australian and New Zealand operations of ABN Amro, which were acquired by RBS last year.The business employs around 750 staff and specialises in […]
Emerald Energy Plc, a UK based company engaged in the exploration and production of hydrocarbons, provides the following update on activities in the Khurbet East field in Block 26, Syria.The company commenced production in the Khurbet East field on 21 July with oil production from the Khurbet East No.4 well. The company will continue drilling […]
XTO Energy Inc., an US based natural gas producer, has entered into a definitive agreement to acquire 12,900 net acres adjacent to XTO’s existing operations in the Barnett Shale core for approximately $800 million, from an undisclosed third party. The companys internal engineers estimate proved reserves to be in excess of 300 billion cubic feet […]
Northern Oil and Gas, Inc., an exploration and production company based in Wayzata, Minnesota, has recently participated in the successful completion of three wells in the emerging North Dakota Bakken play, bringing to eleven the total number of producing wells in which Northern holds an interest.The company controls approximately 60,000 net acres in the North […]
Etruscan Resources Inc., is a gold focused Canadian junior mining company, has filed a preliminary short form prospectus in conjunction with a marketed offering of units of the company.The company has plans to offer the unit through a syndicate of underwriters led by CIBC World Markets Inc. The proposed offering is being made pursuant to […]
Target Exploration And Mining Corp., a growing exploration and development company with uranium projects in the US and gold/copper projects in Canada, has commenced drilling on the Bradshaw Gold Project in Canada.The project is located 10 kilometres (km) southeast of the former Nickel Plate-Headley Mascot Gold Mine, British Columbia’s third largest gold producer. The drilling […]
TurboSonic Technologies, Inc., a global leader in the design and supply of industrial air pollution control technologies, has established a CAD$4.25 million credit facility with a major Canadian chartered bank. Edward Spink, TurboSonic’s CEO, said although we have operated for years without debt, we have arranged this credit facility in anticipation of growth in foreign […]
Minerva, the developer of office projects mainly in London, has received a further takeover proposal from Limitless, the Dubai-based property investment group, valuing the company at around 258m. Limitless has said the offer is final. It is more than double the value of Minerva’s shares at the start of trading on Monday, but less than […]
Bank of England Governor, Mervyn King, is proposing that UK banks should contribute to a fund that could be used to guarantee savers’ deposits.While giving evidence to the Treasury Select Committee, Mr King suggested that lenders should make substantial contributions over 10 years to provide a fund of several billions of pounds.He stressed the importance […]
Deutsche Bank has strengthened its New York-based FX Trading with the appointment of Brian McConville as director and Foreign Exchange Forwards trader.He rejoins the German firm from HSBC, where he worked on the foreign exchange forwards trading desk as senior vice president.Before that he held the role of propriety trading director with Bank of America.McConville […]
US carrier United Airlines has announced further plans to reduce its workforce as it struggles with the soaring cost of fuel.Americas second largest airline is to axe 7,000 staff and slash more than a sixth of domestic routes in a bid to cut costs, after record fuel costs pushed the company to a quarterly loss […]
Financial consultancy, Capital Economics, is warning that UK banks could be forced to restrict lending by as much as 180 billion in order to bolster their balance sheets. The credit crisis has prompted a series of fundraisings as banks have been left exposed by writedowns.The cash calls have been central in improving Tier one ratios […]
Shares in Britains second largest pubs group, Enterprise Inns, have plunged to a 4-year low this morning after it expressed concern that beer sales in its pubs continue to fall.Shares fell 13.8% to 298p, the lowest point since September 2004, following the announcement. Ted Tuppen, the groups chief executive, said these are challenging times for […]
Mobile phone giant, Vodafone, has warned that revenue will be hit by the economic slowdown. It expects revenues to reach the lower end of 39.8 billion to 40.7 billion range, which is at the bottom end of analysts forecasts after the group said it is facing a more challenging operating environment. Following the news, shares […]
Evidence of the housebuilding slump continues as one of Scotlands largest construction companies, Stewart Milne Group, is to slash its workforce by one fifth.The Aberdeen-based group said 289 jobs are to go with the majority of the cuts in the north east of Scotland. The housebuilding company is the latest to announce cutbacks due to […]
Evidence of the housebuilding slump continues as one of Scotlands largest construction companies, Stewart Milne Group, is to slash its workforce by one fifth.The Aberdeen-based group said 289 jobs are to go with the majority of the cuts in the north east of Scotland. The housebuilding company is the latest to announce cutbacks due to […]
Q-Gold Resources Ltd., a Canadian-based mineral exploration company, has closed the first tranche of its previously announced non-brokered private placement for gross proceeds of $126,500. The remainder of the total $600,000 Offering is expected to close by the end of the month.The corporation issued 831,250 “flowthrough” (FT) units at a price of $0.08 per unit. […]
The National Landlords’ Association (NLA) has launched a Tenant Check service aimed at helping private landlords make informed decisions about their prospective tenants before granting them a tenancy.According to NLA research, it can take up to six months to resolve cases in which a tenant fails to pay rent and a landlord can lose thousands […]
Hess Corporation has discovered natural gas from the Briseis-1 exploration well, located in Jurassic and Triassic sandstones on Australia’s Northwest Shelf.The well, which was drilled in 3,668 feet of water by the semi-submersible rig, Jack Bates, encountered 151 feet of net gas pay, in line with pre-drill estimates. Briseis-1 is the second of four exploration […]
Horizon Oil, has obtained key results from its production test of the Stanley-1 well in PRL 4, Western Province, Papua New Guinea, where the company holds a 100% interest. The company started operations on 20 June 2008, utilising EasternWell rig 4. The well flowed at rates up to 25 million cubic feet of gas per […]
Innamincka Petroleum has provided an operational update for Flax 1. The company hopes to start production from Flax 1 during the next week. The company has commenced the well completion and fracture stimulation activities with the Ensign Rig 5 service rig mobilised onto the Flax 5 lease. Innamincka Petroleum anticipates oil production to commence from […]
Latin American Minerals Inc., a mineral exploration company focused on the acquisition and development minerals projects in the countries of Latin America, provides assay results from 43 samples of 18 tailings ponds on its Paso Yobai gold property in Paraguay. The tailing ponds are dry, coarse grained rejects from gravity plants and average 55m in […]
The Canadian dollar has strengthened for the second consecutive week following the central banks announcement that there have been improved trade reports and manufacturing orders. Also, sales have exceeded forecasts resulting in the dollar advancing against 11 of the 16 most-traded currencies, rising 0.3 percent against its US counterpart since July 11. Although the loonie […]
Shares in Paragon, a leading provider of specialist finance for property investors, have fallen by almost 90% in the past year as a result of the credit crunch. Although Paragon announced record profits in 2007, it is facing severe difficulties raising money.Back in November 2007, Paragon advised its shareholders that unless it raised an extra […]
Vangold, an international resource company with a diverse portfolio of advanced stage oil, gas and mineral projects worldwide, provides an update on its Armenia oil project. Vangold, along with its partner Blackstairs Energy, has signed an exploration and production sharing agreement with the government of Armenia, in April 2007. The joint venture partners have already […]
Wall Street was up right after the Federal Reserve announced on Wednesday that it was cutting its main interest rate by half a percentage point to 3 percent, but the markets ended the session lower. The Dow Jones Industrial Average dropped 0.3 percent to 12.442.83 while the Nasdaq Composite was down 0.38 percent to […]
Asia-Pacific equities markets headed lower on Monday as investors worried that not only the US economy but also the Japanese economy are headed for recession. In India, the Sensex ended the session 1.14 percent lower at 18,152.78. Taiwans Taiex index fell 3.28 percent to 7,845.79 while the FTSE Straits Times Index was down […]
Hong Kongs Hang Seng index saw its biggest one-day gain in a decade and its largest points gain in history on Wednesday when it added 2,332 points, or 10.72 percent, to 24,090.17 on the heels of Tuesdays surprise interest rate cut from the US Federal Reserve. The big gains came after the index had […]
As financial markets in the United States took the day off to celebrate the birthday of Rev. Martin Luther King Jr., equities markets in the Asia-Pacific region plunged on growing worries that the US economy is either already in or will soon enter a recession. Markets in Hong Kong and in India dropped more […]
Equities markets in the Asia-Pacific region were mixed on Thursday. Among losers on the session, Australian markets were down for the 9th consecutive session, their longest losing streak in more than a decade. The S&P/ASX200 was down 0.23 percent to 5,796.1 while the Sydney Ordinaries fell 0.24 percent to 5,857. During the […]
Most Asia-Pacific equities markets were lower Monday on continuing worries that the US economy is headed for a recession. The main exceptions were the Shanghai Composite and Taiwans Taiex index. The Taiex added 1.79 percent to 8,173.41 after the opposition party managed a big win in parliamentary elections. The Kuomintang party, which […]
Equities markets in the Asia-Pacific region were lower on Thursday on further concerns about US credit markets. The main exception to losses was the Shanghai Composite, which added 0.38 percent to 5,456.54. Australian indices saw the least of the losses as the S&P/ASX200 fell 0.15 percent to 6,078.7 and the Sydney Ordinaries dropped […]
Most equities markets in the Asia-Pacific region were lower on Monday as analysts and investor worried about the possibility of recession in the US. Last week, the US Labor Department issued disappointing employment data for December, and reports from the Institute for Supply Management showed that manufacturing had contracted in the month and the […]
Most Asia-Pacific equities markets were higher on Friday. The main exception were Tokyos markets, where the Topix had its worst opening day of the year in history, falling 4.32 percent to 1,411.91. The Nikkei also saw substantial declines, dropping 4.03 percent to 14,691.41, while the Mothers market of small and mid-caps fell 4.67 […]
Equities markets in the Asia-Pacific region were mixed on Wednesday after reports that the economies in both South Korea and Singapore are slowing and on the news that the bombing of an army bus in Colombo, Sri Lanka, had killed four. The Straits Times index was 0.61 percent lower to 3,461.22 in Singapore on […]
