Australian Stock Market Report

AFTERNOON REPORT (4.30pm AEDT) Market watchers around the globe are anxiously awaiting a key meeting of European leaders in Brussels tonight, with hopes the European Union summit will be able to come up with a clear and definitive solution to the region’s debt crisis. US and European markets tumbled overnight with investors nervous about the outcome, [...]

Australian Stock Market Report

AFTERNOON REPORT (4.30pm AEDT) Despite predictions of more strength on the local share market today, it appears fear and volatility remain at play. After a 2.7pct gain yesterday, the All Ordinaries Index (XAO) fell 25.9pts or 0.6pct today to 4287.7.  Rumours that private bondholders may have to take a loss between 50 to 60pct on Greece’s [...]

Global Markets Overview

U.S. Stock Markets U.S. stocks jumped Monday, pushing the Nasdaq Composite into positive territory for the year and the Standard Poor’s 500-stock index to the cusp of it, though stocks moved off session highs in late trade. The Dow Jones Industrial Average advanced 78 points, or 0.7%, to 11889 in late afternoon action. Caterpillar was [...]

Global Markets Overview

E.U. Debts Talks Nearing Agreement European leaders are nearing agreement on a plan that would see the region’s banks raise around EUR100 billion in fresh capital, said three people familiar with marathon talks taking place Sunday. The bank recapitalization plan is the easiest piece of a three pronged bargain that the 17 euro-zone nations are [...]

LyondellBasell’s Debt Buyback a Bullish Bet on Commodity Chemicals Recovery

Chemical maker LyondellBasell’s ( LYB.N ) plan to buy back nearly $2.8 billion in debt and pay a special dividend nearly the same size is a bullish bet that demand for commodity chemicals will recover from a recent soft patch and rally the rest of the decade. The company, which exited Chapter 11 bankruptcy protection [...]

Asian Markets Cautious Ahead of European Summit

Asian shares inched up while the euro clung to overnight gains Friday, but markets largely stayed within range, as investors awaited a weekend meeting of European leaders for signs of progress in resolving the region’s debt crisis. Pressures remained on investors to square out positions given the increasing uncertainty on when the crisis would be [...]

Future of Toys: Video Game Publishers Developing New Concepts

(By Rebecca Lipman) Watch out Woody and Buzz, video game giant Activision (ATVI) is bringing a new toy to town that holds the potential to steal the attention of every child around. Never mind that this plastic toy looks like just about any other, it’s what’s inside that counts. And inside these $7.99 Skylanders: Spyro’s Adventure action [...]

Global Markets Overview

U.S. Stocks U.S. stocks pared an afternoon advance late in a session whose choppy trading was dominated by European sovereign-debt worries. The Dow Jones Industrial Average was up 23 points, or 0.2%, at 11524, while the Standard Poor’s 500-stock index added 3 points, or 0.3%, to 1213. The Nasdaq Composite fell 10 points, or 0.4%, [...]

Marshall Auerback: Gold and Silver Opportunities in Turbulent Times

Marshall Auerback: Gold and Silver Opportunities in Turbulent Times Source: Brian Sylvester of The Gold Report   (10/19/11) http://www.theaureport.com/pub/na/11331 Marshall Auerback of Pinetree Capital believes investors get maximum valuation during periods of turbulence and fear. In this exclusive interview with The Gold Report, he explains why the economy is in better shape than it seems and [...]

Sahara asked to return money to investors

Rejecting the appeals of Sahara Group companies, the Securities Appellate Tribunal on Tuesday asked them to refund the money raised through Optionally Fully Convertible Debentures to investors within six weeks. “. . .both the appeals are dismissed. . . . “The appellants in both the appeals shall now repay within six weeks from today the [...]

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