Financial markets
Australian beer sales are expected to slow as the Senate's failure to validate a tax increase on ready-to-drink beverages (RTDs) will lead to lower prices for RTDs, causing consumers to shift back to these drinks instead of beer. This development has prompted analysts to revise their forecasts for
Financial markets
The Australian stock market experienced a flat noon session on March 20, with resources and energy stocks offsetting losses in the financial sector. The benchmark S&P/ASX200 remained steady at 3,480.2 at 1200 AEDT, while the broader All Ordinaries increased by 1.9 points, or 0.
Financial markets
Mumbai's banking sector experienced a significant turnaround on Monday, with the Bankex sectoral index surging 2.86% to 4,087.39 points. This upswing was sparked by sustained buying from funds, global market firmness, and the covering up of short positions by speculators. The rally in rate-sensitive banking
Financial markets
Concerns over the deteriorating US economy and global financial turmoil led to a sharp decline in gold futures prices on the COMEX Division of the New York Mercantile Exchange, as well as in silver and platinum. The market downturn was triggered by the announcement of a massive $61.7 billion
Financial markets
Global stocks slumped at the open, with the Dow Jones Industrial Average tipped to trade below the key 7000 level after risk aversion returned across all financial markets, fueled by concerns over the financial sector's woes, including HSBC Holdings' plan to raise £12.5 billion in new
Financial markets
Investors responded positively to a report that the U.S. government was in negotiations to increase its stakes in Citigroup, alleviating concerns over a potential financial crisis. As a result, South Korean stocks closed 3.15% higher on Monday, with the benchmark Korea Composite Stock Price Index (KOSPI) rising 33.
Financial markets
As DreamWorks Animation SKG prepares for the highly anticipated release of its latest animated film, Monsters vs. Aliens, the company's president and CEO, Jeffrey Katzenberg, took part in the NASDAQ Opening Bell ceremony. With its latest film set to open in theaters on March 27, 2009, DreamWorks Animation
Financial markets
January 21, 2009, investors welcomed news from John Hurley, Governor of the Central Bank and Financial Services Authority of Ireland, that Ireland's major banks are fundamentally sound and undervalued. This announcement led to a substantial increase in the value of Allied Irish Banks PLC (AIB) common stock. Despite
Financial markets
The Australian share market opened lower on January 21, following global equity market declines due to concerns about the banking industry's problems not being over. This came as Australia's biggest company, BHP Billiton, announced cuts to nickel and coal production. The benchmark S&P/ASX200
Financial markets
Citigroup's analysts, fueled by a belief that stock markets are undervalued in Europe, have issued a surprisingly optimistic forecast for the UK's top companies, predicting the FTSE 100 index to surge by nearly 10% to 7,000 in 2008. This would break the previous record
Financial markets
The Australian stock market closed 2007 in the red after a flat day of trading on December 31, marking the end of a tumultuous year for investors. Despite some positive sentiment in the property trust sector, led by Westfield and Stockland, the benchmark S&P/ASX200 index finished the
Banking industry
The Monetary Authority of Singapore (MAS) has taken another step towards enhancing the sophistication and efficiency of Singapore's financial markets by launching an electronic bond trading platform for Singapore Government Securities (SGS). Jointly developed with Bloomberg and the SGS Primary Dealer community, the SGS Electronic Bond Trading platform
