Daily FNArena News - FYI

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.

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.

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

Today may not be the day for Rio to close over $100, but it will be BHP and nickel stocks that will cop the brunt.

BIS Shrapnel has released its “Residential Property Prospects 2007 to 2010” report that suggests Brisbane will show the strongest pricing growth while WA prices will fall modestly.

The CPI failed to frighten in the US on Friday as both the US and Australia look ahead to housing data this week.

US core PPI was only up 0.2% in May. Now for the CPI.