Daily FNArena News

Correction nearing an end before accelerating back through previous highs? Correction has more to go but eventually a more subdued upward trend will continue? The good times are over, time to settle in for a long downward spiral? Does anyone really know?

Things are faring well at human domain antibody specialist Domantis. ASX-listed Peptech is expected to benefit as well through its 33% stake in the company.

Ausenco is an engineering company specialising in innovative solutions across the life-cycle of mineral processing operations. ABN Amro has initiated coverage with a Buy.

The Chinese steel mills have finally agreed to the proposed 19% price hike for contract iron ore supplies this year. BHP Billiton posted the news on its website.

Following the opportunisitc bid for GasNet the expectation is for an increased offer, but UBS questions whether Babcock & Brown will be involved.

Chinese steel output continues growing at breakneck pace, meaning the outlook for iron ore producers remains buoyant.

Austock reports Albidon’s Zambia project has come up with better than expected feasibility study results.

Citigroup has been reviewing its forecasts for telco industry revenue over the next two years and sees more pain before any gain.

Danske Bank sees a lack of drastic enough action as key to the failure of the PBoC to slow the Chinese economy.

With the fourth highest population in the world and an abundance of resources you would expect Indonesia to be right up there with China and India in economic development by this stage. But it isn’t.