From Commodities 4:07 pm
Oil major BP <BP.L> has allocated $2.85 billion to develop Iraq's Rumaila oilfield in 2013, up from $2.2 billion last year, the head of the joint management committee for the field told Reuters On Wednesday.
From Commodities 3:43 pm
Brent crude oil fell on Wednesday after an unexpected rise in US gasoline stockpiles reignited worries that the summer driving season's demand in the number one oil consuming nation may be weaker than anticipated.
From Commodities 3:09 pm
We have heard from a ton of Fed officials in recent days but now it is Bens turn. The market has been torn trying to decipher just when the Federal Reserve will start to back off asset purchases. Of course the policy more than likely will be one where the Fed will either increase or decrease asset purchases as need to influence the economy.
From Global Markets 8:48 am
With the exception of the first half hour of trade, sellers dominated the session on Wednesday. The news pulse in corporate and economic terms provided further encouragement.
From Global Markets 3:08 am
The Australian share market is trading slightly lower in the early session, despite record highs being reached on Wall Street overnight. The US Dow Jones Index made it 19 consecutive Tuesday wins, while the broader share market and NASDAQ Indices were higher for the 9th consecutive Tuesday.
From Commodities May 21
June Bonds are currently 2 higher at 143'26 and the 10 Yr. Note 1 lower at 131'25.0. Treat as a trading affair between 143'00 and 146'0. We remain short the July Bond 141'00/147'00 strangle from the 68 point level. This strangle is currently at 72, 4 ticks against us.
From Commodities May 21
With gold and silver capitulating and treasuries yield rinsing oil will have to balance the bearish implications of the Fed taking about an exit strategy versus the disinflation that is now plunging Europe. With the Chicago Federal Reserve President Charles Evans saying that while monetary policy is right now but suggesting that the Fed could end bond buying by the fall.
From Global Markets May 21
The selling that marked the early part of the session subsided in the early afternoon and the ASX200 was able to finish off the lows of the day. Although profit warnings from a number of companies saw investors reflect on the broader earnings picture at present.
From Global Markets May 21
Local stocks have come under selling pressure in early trade on Tuesday, despite predictions of a flat session.
From Science May 21
There is an ongoing big debate in Australia if starving cattle should be allowed access to national park for emergency feeding, with Queensland and animal rights group on one side and the federal government on the opposite side.
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