UPDATE: Aston Resources IPO Prospectus Likely To Be Lodged Next Week -Source
21st Jul 2010 06:46
By Cynthia Koons Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--Aston Resources is likely to lodge a prospectus for an initial public offering in Australia next week, a person familiar with the matter said Wednesday, the first major test for an IPO market that has been all but shut since a succ
Read moreAston Resources IPO Prospectus Likely To Be Lodged Next Week -Source
21st Jul 2010 06:10
SYDNEY (Dow Jones)--Aston Resources is likely to lodge a prospectus for an initial public offering in Australia next week, a person familiar with the matter said Wednesday. The company has an enterprise value of A$2 billion, the person said. Aston Resources Managing Director Nathan Tinkler previ
Read moreMARKET TALK: S&P/ASX 200 Up 0.3% On Materials Strength
21st Jul 2010 01:49
0049 GMT [Dow Jones] S&P/ASX 200 up 0.3% at 4415.7 after hitting 3-day high of 4435.6, where it found resistance from a downtrend line drawn off the April peak. Early rise follows moderate gains on Wall Street, with materials leading broad-based gains in cyclicals. BHP (BHP.AU) up 1.8%, Rio Tinto (R
Read moreADR REPORT: Shares Gain, With Materials Stocks Leading
20th Jul 2010 21:54
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed up, with materials stocks leading gains and the Latin American and emerging markets indexes finishing strong. The Bank of New York index rose 1% to 121.51. Materials sto
Read moreLondon close: Flat finish for FTSE 100
20th Jul 2010 16:42
There was plenty of movement in both directions Tuesday, but Footsie closed just a few points lower. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wireless Worldwide warned that the coalition government's emerge
Read moreLondon afternoon: Cautious note from De La Rue
20th Jul 2010 14:25
Footsie lost more ground over the lunch time session with barely a fifth of the blue-chip index's constituents remaining in the red, and many of those are miners. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wi
Read moreFTSE 100 movers: Public sector outsourcers slide
20th Jul 2010 12:27
Outsourcers have been hit by a negative trading statement by Cable & Wireless Worldwide. Telecoms services provider C&W Worldwide heads the fallers after it warned that the coalition government's emergency budget will hit earnings growth. C&W Worldwide says earnings will come in at the lower end o
Read moreLondon midday: Public sector specialists hit
20th Jul 2010 12:10
Sovereign debt worries are haunting investors again after Hungary cut back its treasury bill offering by 10bn forints to 35bn. European stock markets took a step back on the news while expectations of a weak opening on Wall Street has also sparked some selling. Cable & Wireless Worldwide is the bi
Read morePRESS RELEASE: Bombardier chooses Alcan's AIRWARE(TM) technology for its CSeries aircraft program in the framework of a long-term agreement
20th Jul 2010 12:02
PARIS, July 20 /CNW Telbec/ - Alcan Global ATI and Bombardier, one of the world's largest aircraft manufacturers, have entered into a long-term agreement for the exclusive supply of AIRWARE(TM), Alcan's advanced aluminum-lithium alloy technology, to provide primary structure for the all-new CSeries
Read morePRESS RELEASE: Alcan To Supply Airware Technology For Airbus A350 XWB >ABI.YY
20th Jul 2010 06:48
The following is a press release from Rio Tinto Alcan: PARIS, July 20 /PRNewswire/ - Alcan Global Aerospace Transportation and Industry (Alcan Global ATI), part of Alcan Engineered Products - a business unit of Rio Tinto, announces that it has signed a contract agreement with Airbus through to
Read moreMARKET TALK: S&P/ASX 200 Up 0.3% Despite US Futures Fall
20th Jul 2010 01:42
0042 GMT [Dow Jones] S&P/ASX 200 up 0.3% at 4372, despite 0.5% fall in DJIA futures and 1.5% opening fall in Tokyo, after IBM and Texas Instruments revenues disappointed investors after the U.S. close. S&P/ASX 200's resilience is due to a lack of selling, rather than strong buying support. Traders g
Read moreMARKET TALK: S&P/ASX 200 Offshore Leads Bullish
20th Jul 2010 00:32
2332 GMT [Dow Jones] S&P/ASX 200 offshore leads bullish, with overnight SPI 200 futures up 41 points, or 0.9%, at 4423.0, after Wall Street rallied on stronger-than-expected building approvals data and speculation the Fed could stop paying interest rates on excess bank reserves. DJIA up 0.7% to 1022
Read moreMARKET TALK: BHP 4Q Report Exceeds UBS Expectations
20th Jul 2010 00:25
2325 GMT [Dow Jones] BHP Billiton (BHP.AU) 4Q production ahead of forward expectations by UBS: iron ore up 16% on year, in line with prediction, copper up 27% vs 3Q, vs 25% expectation, while metallurgical coal up 34% vs 3Q, well ahead of 22% forecast. UBS sees BHP as preferred diversified miner due
Read moreUPDATE:Ivanhoe Sets Core Lending Group For Oyu Tolgoi Project
19th Jul 2010 16:12
(Adds details.) By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Ivanhoe Mines Ltd. (IVN.T) Monday said it has appointed three additional financial institutions to help fund its Oyu Tolgoi project, one of the world's largest undeveloped copper and gold deposits. Canada-he
Read moreFTSE 100 movers: International Power tops risers
19th Jul 2010 14:57
Footsie has made a strong start to the week helped by financials and miners. Standard Chartered and RBS are strong as are a number of miners including Xstrata and Rio Tinto. International Power is the best performer after French energy giant GDF Suez revived talks with the international electric
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