15 MILLION nEW ANZ BANK LOGO
ANZ bank
BABCOCK & Brown Infrastructure appears likely to be in a position to update the market on its recapitalisation deal by tomorrow or Wednesday. The company requested a trading halt more than a week ago — its third in a month — to enable discussions to take place with investors.
Can we recapitalize our own loss after [...]
Australian share market’s rise
The Australian share market’s rise to a fresh 10-month high on Monday was erased by a fall in Asian share markets, leaving traders wary of profit taking after sharp gains in the Australian market since March.
Banks sustained their gains on the back of a positive trading update from Australia and [...]
World markets
Chinese stocks helped drive the main index of Asia-Pacific stocks (excluding Japan) to an 11 month high, as two surveys showed accelerating Chinese factory output growth. Car and tyre makers were among the biggest winners, after the US Government announced increased funding for its "cash for clunkers" program to encourage households to trade up [...]
The last few months has seen no-end of theories about what shape the economic recovery and stock market recovery will take.
Will it be ‘V’, ‘W’, ‘L’, ’square-root’ shaped?
Your editor has no idea. What we do know is that things aren’t as rosy as the mainstream media and analysts make it out to be.
Some of [...]