Daily FNArena News

Relief has greeted the completed ramp-up of the Murray Basin and reconfirmed production targets. Revenues, however, are tenuously guided on a US75c Aussie.

The biggest US IPO in five years closed after market last night as Blackstone raised US$4.13bn. Some comforting economic data saw Wall Street rise against higher bond yields.

Major US investment banks were frantically trying to head off a collapse in the US CDO market last night. Early warnings were what sent the Dow into a tail spin.

A country-based IT professional responds to our observations on the recent OPEL broadband grant.

Medical products group ITL Limited has had a rough year. Intersuisse and Citi disagree on whether the stock is now cheap as a result.

A jump in bond yields and a withdrawal of a JP Morgan bid for two hedge funds spooked Wall Street in the last hour of trade.

Weekly musings from your editor. This week he looks into prospects for share prices of gold and uranium companies.

Acceptances by Rinker shareholders are only dribbling in at Cemex. Meanwhile the arbitrage opportunity for retail investors has widened to nearly $2000.

Engineering consultant Cardno has moved into the US via acquisition prompting a round of earnings upgrades from brokers.

Long term capital flows into the US rose in April, belying bond price movements. But China has become a net seller.