INVESTMENT bank Babcock & Brown bought offshore wind power developer Bluewater, which is seeking to build a wind farm off the coast of Delaware expected to cost about $US1.6 billion ($1.82 billion).
Archive for September, 2007
The days of throwing darts at the ASX200 are over, with investors who fail to carefully research their stock pickings warned to prepare to be burnt when market volatility returns.
GLOBAL oil prices surged to fresh highs overnight as traders watched a new storm in the Gulf of Mexico, with Brent crude in London topping $US80 a barrel for the first time.
SHARES in Sky City Entertainment Group made strong gains on the share market today, after the company said a potential buyer was trawling through its books.
THE US dollar plumbed to new depths against the euro overnight, but managed to claw back some lost ground despite fresh signs of the extent of US housing market woes.
EUROPEAN stocks climbed overnight to settle at their highest close in seven weeks, as banking shares rallied after a recent slump while signs of strength in the US jobs market lifted sentiment.
WOODSIDE Petroleum has agreed to sell its troubled Mauritanian assets to Malaysian-government owned group Petroliam Nasional Berhad for $477 million.
THE Seven Network has launched a bid on wireless broadband provider Unwired in a move to improve its digital platform.
EUROPEAN stock exchanges sprinted ahead overnight on speculation for further cuts in US interest rates and as investors searched for bargains after sharp falls the previous day.
US stocks revved higher overnight as General Motors reached an agreement to end a workers’ strike, and reports about a potentially big deal in the finance sector added further support.
