All Entries Tagged With: "australia"
It’s 1998 & You’re handed $100K to Invest
It’s 1998. You’re handed $100,000 to invest. The catch is you can’t invest in individual stocks. You’ve got to put it all in an index that tracks the performance of one of the following regions: U.S., Asia, Canada, Latin America, Australia, Japan or Europe. What do you do?
Imagine it’s 1998 & you’re handed $100,000 to invest
It’s 1998. You’re handed $100,000 to invest. The catch is you can’t invest in individual stocks. You’ve got to put it all in an index that tracks the performance of one of the following regions: U.S., Asia, Canada, Latin America, Australia, Japan or Europe. What do you do? If you’d chosen Japan, you’d have made a 7% profit by November 2009. If you’d chosen Europe, you’d have done more than twice as well – a 20% profit. And you’d have been much better off putting your money in Canada which would have given you a return of 113%
Empire Energy Corporation International (OTCBB: EEGC) – One Step Away form Funding
Empire Energy Corporation International (OTCBB: EEGC) shares was stirred up, as the SEC approved the $9 million rights offering registered by the management some time ago. Planning to do some oil and gas exploration in Australia, the company desperately needed additional capital to further proceed with well drilling on their properties in the Tasmania region.[BANNER] Considering that the company was all out of cash, the successful capital collection on this stock offering would spark the business once again. With the SEC’s approval that time has nearly come, as the company plans to proceed distributing the rights certificates on Saturday, Feb 13, 2010.
Beijing approves Yanzhou takeover of Australia miner
BEIJING (AFP) – Chinese regulators have approved Yanzhou Coal’s 3.5 billion Australian dollar (3.2 billion US) takeover of miner Felix, the country’s biggest Australian acquisition yet, the Chinese company said.
MONEY MARKETS-Australia stokes hopes of rate pause in Feb (at Reuters)
* Aussie swap rates fall, futures bounce after rate hike * Australia prices in chance of a pause at next meet * Euroyen futures off highs on BOJ disappointment By Umesh Desai HONG KONG, Dec 1 (Reuters) – Australian swap rates fell and bond futures rallied after the central bank raised rates as expected and said it made “material adjustments” to the stance of monetary policy, raising hopes it will pause at its next meeting. Swaps fell across the curve with the one year swap AUDQM3AB1Y= declining 7 basis points to 4.45 percent and the 5-year AUDQM3AB1Y= down 11.5 bps to 5.59 percent MONEY MARKETS-Australia stokes hopes of rate pause in Feb (at Reuters) is a post from: Penny Stock and OTCBB News
Australia raises rates to 3.75 percent
SYDNEY, Australia (AFP) – Australia raised interest rates for an unprecedented third month running Tuesday, announcing a 25 basis points rise to 3.75 percent as the country recovers from the financial crisis. “In Australia, the downturn was relatively mild, and measures of confidence and business conditions suggest that the economy is in a gradual recovery,” said Reserve Bank of Australia Governor Glenn Stevens Australia raises rates to 3.75 percent is a post from: Penny Stock and OTCBB News
FOREX-Yen falls after BOJ calls meeting; Aussie slides (at Reuters)
* Yen falls broadly after BOJ says to hold policy meeting * BOJ meeting due at 0500 GMT, governor speaks at 0730 GMT * RBA raise rates from 3.50 pct to 3.75 pct, as expected * Aussie faces selling on profits after RBA By Satomi Noguchi TOKYO, Dec 1 (Reuters) – The yen fell across the board on Tuesday with the market speculating the Bank of Japan was preparing to take fresh steps to support the economy, while the Reserve Bank of Australia raised interest rates as expected and prompted some selling of the Aussie to book profits.
GLOBAL MARKETS-Gold at record; resource plays boost stocks (at Reuters)
* Momentum drives gold to record high above $1,164 * Asian stocks firmer, led by Australian resource stocks * Oil, copper boosted by weaker dollar, supply worries By Lincoln Feast SINGAPORE, Nov 23 (Reuters) – Gold powered to another record high on Monday, benefiting from its reputation as a hedge against inflation and sluggish economic growth, while oil and copper prices rose on a weaker dollar and supply concerns. European stocks were set for a firmer start following gains in Asian shares, which were led by Australia thanks to higher resource stocks, although volumes were light with Japan out on holiday GLOBAL MARKETS-Gold at record; resource plays boost stocks (at Reuters) is a post from: Penny Stock and OTCBB News
Denmark: 65 world leaders for UN climate summit (AP)
COPENHAGEN (AP) — A Danish official says 65 world leaders so far will attend the Copenhagen climate summit in December and several more have responded positively to invitations.
Gamestop (GME) the Video Game Leader Still a Strong Buy
Gamestop is a company to reckon with and a stock poised to surge in the coming months. Gamestop (GME) is the world’s largest specialty retailer of new and used video games hardware, software, and accessories. Gamestop is priced currently at $24.62 vastly undervalued
China extends Rio Tinto probe 2 months: Australia
SYDNEY (AFP) – China has extended a probe into detained Rio Tinto mining executive Stern Hu by two months, Australian officials said Thursday, calling for a quick resolution to the long-running case.
Australia state threatens Rio-BHP iron merger: report
SYDNEY (Reuters) – Western Australia state has raised the stakes in its demand for higher royalties from iron ore miners Rio Tinto ( RIO.AX ) and BHP Billiton ( BHP.AX ), telling them that it would not rubber-stamp their planned iron ore merger. Western Australia Premier Colin Barnett told the chiefs of both firms in a meeting this week he wanted to double their royalties to put them on par with other miners in the state, Australian newspapers said on Thursday Australia state threatens Rio-BHP iron merger: report is a post from: Penny Stock and OTCBB News
Australian watchdog clears Woolworths bid for Danks
MELBOURNE, Nov 11 (Reuters) – Australia’s competition regulator on Wednesday cleared Woolworths Ltd’s ( WOW.AX ) proposed joint takeover of hardware wholesaler Danks Holdings Ltd ( DKS.AX ), a key plank in the supermarket chain’s expansion into hardware. Australian watchdog clears Woolworths bid for Danks is a post from: Penny Stock and OTCBB News
RPT-UPDATE – Australia cbank sees gradual rate rise, good times (at Reuters)
* RBA says gradual rate rises needed, no guidance on December * Paints a glowing outlook for the economy longer term * Widening rate gap, investment boom should support A$ (Repeats to additional subscribers, no change to text) By Wayne Cole SYDNEY, Nov 6 (Reuters) – Australia’s central bank said on Friday that interest rates would likely have to rise gradually as it sharply upgraded forecasts of economic growth for next year and pointed to a dwindling pool of spare capacity. Market reaction was restrained, since the central bank left open the question of whether it would tighten in December or not. But for long-term investors, the Reserve Bank of Australia (RBA) laid out a tempting vista.
UPDATE 1-Blackstone COO expects capital shift away from US
* Foresees shift of capital pools away from U.S.
STOCK MARKET WATCH, Monday October 5 – Democratic Underground
Japan’s benchmark Nikkei 225 stock average lost 57.38 points, or 0.6 percent, to 9674.49, sliding to an 11-week low. In South Korea, the Kospi dropped 2.3 percent to 1606.90. India’s benchmark fell 1.1 percent, Australia’s index was …
