The strength of the Australian economy was evident once again yesterday following the release of a much stronger than forecast 1.2% rise in Retail Sales during January adding some support to the AUD/USD in early Asian trade.
Warren Buffett says he worries about all currencies.
Asian banks including DBS Group have been invited to help underwrite Prudential's $20 billion rights issue.
Greece's debt crisis may end up helping Europe in the long run if it pressures governments to start addressing the potentially colossal costs of pensions and healthcare in coming decades.
General Motors has tripled its funding of European arm Opel and cut its request for state aid in a bid to win over European governments and labor.
The pound came under further pressure on Tuesday, battered by political worries and engorged public finances, while global equities stayed relatively buoyant.
Britain's Prudential will buy American International Group's Asian life insurance arm for $35.5 billion in the insurance sector's biggest deal ever, helping the bailed-out U.S. group repay a big chunk of its taxpayer debt.
Carmakers will be keen to show off new green technologies at the Geneva Auto Show, opening this week, as economic uncertainties and waning scrapping schemes make forecasting this year's sales trends difficult.
The U.S. stock market rose on Monday as economic reports continued to signal recovery in key sectors of the economy.
U.S. stocks headed for a second straight day of gains on Monday, boosted by AIG's deal to sell a unit for $35.5 billion and efforts to solve Greece's debt problems, which have clouded the outlook for global recovery.
Factories around the world enjoyed a bumper February with business surveys showing the manufacturing sector in major economies continued to lead an economic recovery, despite a slowdown in some growth rates.
American International Group Inc has asked former employees of its Financial Products unit for information about how much they earned elsewhere after leaving the company as it prepares to hand them retention payments, a source familiar with the matter said on Monday.
Stocks rose on Monday, boosted by AIG's deal to sell its Asian life insurance unit and prospects for solving Greece's debt problems, which have increased fears about the outlook for global recovery.
Britain's Prudential will buy AIG's Asian arm for $35.5 billion in the insurance sector's biggest deal ever, helping the bailed-out U.S. group repay a big chunk of its taxpayer debt.
U.S. stocks rose on Monday, boosted by several mergers, including a deal by AIG to sell its Asian life insurance unit, and as a possible resolution appeared for debt-troubled Greece in the form of European Union aid.
The tech and capital goods sectors are leading a stock market rally on Monday on bullish industry reports and economic data that points to recovery.
The U.S. stock market rallied on speculation of a Greece bailout and a report that showed the seventh consecutive monthly expansion of manufacturing actives.
Non-OPEC crude oil supply is set to surge in 2010 and 2011by 51.8 mn barrels per day and 52.3 mn barrels per day respectively and susbequently face consecutive decline from 2012, according to an analysis by Bank of America-Merrill Lynch (BofAML). The optimism comes from expected production in news fields in Brazil, FSU, Norway, West Africa and Gulf of Mexico. If Iraq and Nigeria supplies increase as announced then crude oil would find it difficult to rise above $100 over the next decade, BofAML ...
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rose 0.5 to 0.7 percent, pointing to a higher start to Wall Street on Monday.
British defence company Ultra Electronics (ULE.L) posted a 24 percent increase in full-year adjusted pretax profit, beating market forecasts, helped by contribution from acquisitions.
Stock index futures pointed to a slightly higher open on Monday after AIG said it would sell its life insurance unit in Asia and deal looked near for a European Union bailout of Greece.
Britain's Allergy Therapeutics (AGY.L) swung to a first-half pretax profit, helped by cost cuts, and said it was comfortable with the full-year market view, sending its shares up nearly 10 percent.