Spanish Banks to Get First EU Aid Tranche in Next Few Days
Spanish banks will likely receive a first tranche of European Union aid of 30 billion euros ($37.2 billion) in the next few days, reports El Pais in its Wednesday Internet edition, citing sources at the Spanish Finance Ministry.
Asian Shares Rise on Stimulus Hopes
Asian markets crept higher Wednesday, following gains on Wall Street, with Japan ahead of the pack as a weaker yen helped the Nikkei climb to a near one-month high.
China Pullback Slows Iron-Ore Exports from Australia's Port Hedland
Iron-ore exports from Australia's Port Hedland declined for the second straight month in July as shipments to China fell, port authority figures showed Wednesday.
Sembcorp Marine Gets US$4.03 Billion Sete Brasil Order
Sembcorp Marine Ltd. (S51.SG) said Wednesday it has secured a contract to build five drillships valued at US$4.03 billion for Sete Brasil Participacoes SA, a day after its rival Keppel Corp. Ltd. (BN4.SG) announced a similar contract from the same customer.
Australian Stocks Reach Fresh Multi-month High
Australian stocks hit a fresh multi-month high early Wednesday, with the S&P/ASX 200 index up 0.3% at 4,303.70.
Japan Stocks Gain, With Exporters Tracking Higher
Japanese stocks rallied out of the open Wednesday, aiming at a third straight day of gains, as exporter shares headed higher after U.S. gains overnight.
Japan's Current-account Surplus Widens In June
Japan's current account clocked a surplus of 433.3 billion yen ($5.5 billion) in June, the Ministry of Finance reported Wednesday, bouncing back after the surplus shrank to a less-than-expected �215.1 billion in May.
Chevron Refinery Fire Out, Markets Brace for Impact
A large fire at Chevron Corp.'s (CVX) Richmond, Calif., refinery has been extinguished, even as traders, bracing for a lengthy outage, were bidding up regional fuel prices.
Stockland Fiscal Year Statutory Profit A$487 Million, Down 35%
Australian property development company Stockland (SGP.AU) Wednesday reported fiscal 2012 net profit fell 35% on the year, and warned that earnings per share in fiscal 2013 could be lower than fiscal 2012.
Sembcorp Marine Secures US$4.0 Billion Of Drillship Contracts From Sete Brasil
Sembcorp Marine Ltd. (S51.SG) on Wednesday said it has secured US$4.03 billion worth of drillship contracts from Sete Brasil Participacoes SA.